Transport Funding has violated Federal Law and regulations regarding lenders and credit regulations, by refusing to provide me with the same thing thing that a credit card company would send me each month and is required by law to do so
"a monthly account statement detailing interest rates payment histories and principle remaining"
they recently repossessed the vehicle that the loan was for and re sold it but they Refuse to send me an invoice showing proof of what the vehicle was sold for at auction. and they are threating to sue me for 8k plus shyster lawyer fees of 3500 apx,
unless i come up with 3100 (reduced settlement offer) something within 30 days of march 2nd even thow they now i am unemployed and basically broke and bankrupt they will not negotiate with me to give me more time, plus i cant agree to anything anyway till they send me the proof of what the truck was sold for. [continued below]....
(since the truck had a retail value of 28000 and was allegedly sold for 20 k ) plus all the payments i have made would make the new payoff amount prior to repossession at less than 19k, i find that they are trying to screw me over big time, i urge all NOT to do business with these RATS! They do commercial truck loan financing. So all truckers thinking about financing threw them DONT DO IT!
Since they will not provide me with an account statement or an invoice showing proof of what the truck was sold for. i view them as a predatory lender, guilty of violating federal credit regulations and maybe even be engaging in an organized criminal racket involving loan sharking and other deceiptive practices. That is my complaint.