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Report: #392817

Complaint Review: Fith Third Bank - Nationwide

  • Submitted:
  • Updated:
  • Reported By: alabaster Alabama
  • Author Confirmed What's this?
  • Why?
  • Fith Third Bank Cincinati Oh Nationwide U.S.A.

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co-signed for a car for a former partner well when things went south he gave the car back and inturn because i did not need nor want that car i voluntarily turned it in. you if you can not afford to keep the vehicle and turn it in why in the heel do these idiots think they can come and ask you to pay for the remainder after they sell it for thousands less example the sold the car for 7800.00 and have the audasity to call me saying i still owe 15000.00 on the car. Wake up dummies i turned the car in because i could not afford to have a forth car what in your little pea brain are you thinking i can still afford it and dont have it i am not paying for just plain air 1500.00 for what i give you 15000.00 and you better damb well be giving me somting of value for this. if this is en example of what we have running this country then by god someone better step up before the little people get organized and we have another civil war on our hands. We make up the american work force and if we little people dont start standing up for what is right they are just going to keep us out in the pasture to graze Look at this stimulus pakge they are one of the first ones to have thier hand out for help but do they want to cut slck for you no. This Stimulus is for the little people not the banks who have CEO and retirements in the millions while we get trampled on. Look at Africa we Americans say there at it again but look closer when thes little people are not satified with the way they are being treated themn they have no problem in trying to remedy that maybe we need to take notes

Avenger
alabaster, Alabama
U.S.A.

This report was posted on Ripoff Report on 11/19/2008 10:56 AM and is a permanent record located here: https://www.ripoffreport.com/reports/fith-third-bank/nationwide/fith-third-bank-endentured-servants-cincinati-ohio-392817. The posting time indicated is Arizona local time. Arizona does not observe daylight savings so the post time may be Mountain or Pacific depending on the time of year. Ripoff Report has an exclusive license to this report. It may not be copied without the written permission of Ripoff Report. READ: Foreign websites steal our content

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REBUTTALS & REPLIES:
0Author
5Consumer
0Employee/Owner

#5 Consumer Comment

Classic...

AUTHOR: Robert - (U.S.A.)

POSTED: Wednesday, November 19, 2008

Sorry but this is not the banks fault..but yours.

When you Co-Signed the loan YOU made a legal agreement that stated if the primary borrower could not/would not make the payments you would be responsible for the payments. When you failed to do that and turned the car in they had the right to sell it at auction. This does not relieve you of your legal obligation that you made to pay for the balance of the loan.

If you refuse to pay the bank can and will take you to court. At that time you will probably get a judgement placed against you. Once you have a judgment against you the bank can take further action which may include garnishing your wages, attaching any bank accounts you may have, or placing a lien against any real property you may own.

The only good news for you is that they will also sue the primary borrower, so their credit will be just as trashed as yours. But if you are the one with more money you will still end up being the one who pays.

Treat this as a lesson learned and NEVER co-sign for anyone unless you are prepared to do what you made an agreement to do in taking over the payments if needed.

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#4 Consumer Comment

Classic...

AUTHOR: Robert - (U.S.A.)

POSTED: Wednesday, November 19, 2008

Sorry but this is not the banks fault..but yours.

When you Co-Signed the loan YOU made a legal agreement that stated if the primary borrower could not/would not make the payments you would be responsible for the payments. When you failed to do that and turned the car in they had the right to sell it at auction. This does not relieve you of your legal obligation that you made to pay for the balance of the loan.

If you refuse to pay the bank can and will take you to court. At that time you will probably get a judgement placed against you. Once you have a judgment against you the bank can take further action which may include garnishing your wages, attaching any bank accounts you may have, or placing a lien against any real property you may own.

The only good news for you is that they will also sue the primary borrower, so their credit will be just as trashed as yours. But if you are the one with more money you will still end up being the one who pays.

Treat this as a lesson learned and NEVER co-sign for anyone unless you are prepared to do what you made an agreement to do in taking over the payments if needed.

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#3 Consumer Comment

Classic...

AUTHOR: Robert - (U.S.A.)

POSTED: Wednesday, November 19, 2008

Sorry but this is not the banks fault..but yours.

When you Co-Signed the loan YOU made a legal agreement that stated if the primary borrower could not/would not make the payments you would be responsible for the payments. When you failed to do that and turned the car in they had the right to sell it at auction. This does not relieve you of your legal obligation that you made to pay for the balance of the loan.

If you refuse to pay the bank can and will take you to court. At that time you will probably get a judgement placed against you. Once you have a judgment against you the bank can take further action which may include garnishing your wages, attaching any bank accounts you may have, or placing a lien against any real property you may own.

The only good news for you is that they will also sue the primary borrower, so their credit will be just as trashed as yours. But if you are the one with more money you will still end up being the one who pays.

Treat this as a lesson learned and NEVER co-sign for anyone unless you are prepared to do what you made an agreement to do in taking over the payments if needed.

Respond to this report!
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#2 Consumer Comment

Classic...

AUTHOR: Robert - (U.S.A.)

POSTED: Wednesday, November 19, 2008

Sorry but this is not the banks fault..but yours.

When you Co-Signed the loan YOU made a legal agreement that stated if the primary borrower could not/would not make the payments you would be responsible for the payments. When you failed to do that and turned the car in they had the right to sell it at auction. This does not relieve you of your legal obligation that you made to pay for the balance of the loan.

If you refuse to pay the bank can and will take you to court. At that time you will probably get a judgement placed against you. Once you have a judgment against you the bank can take further action which may include garnishing your wages, attaching any bank accounts you may have, or placing a lien against any real property you may own.

The only good news for you is that they will also sue the primary borrower, so their credit will be just as trashed as yours. But if you are the one with more money you will still end up being the one who pays.

Treat this as a lesson learned and NEVER co-sign for anyone unless you are prepared to do what you made an agreement to do in taking over the payments if needed.

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#1 Consumer Comment

Wow!

AUTHOR: Trace6539 - (U.S.A.)

POSTED: Wednesday, November 19, 2008

It sounds to me like you are trying to blame the bank for not being able to afford something you bought. You have gone against a legal binding contract and the bank has every right to do what they have. If you can't afford a vehicle and voluntarily turn it in, the bank sells that vehicle for what they can. That amount is credited to your loan and you are responsible for the difference. It's really not complicated math. (Your loan balance)-(The sale amount of the vehicle)=(the amount you still owe the bank). Also, if you are unable to afford 4 vehicles, perhaps you should not have bought 4 vehicles. After reading your complaint numerous times, I'm still not sure why you feel you are being ripped off? I would also suggest checking your spelling and perhaps taking some grammar classes before publicly posting your idiotic thoughts. It's also quite easy to put a bank down, one in which you have no other relationships with and one not even located in your state. I've done my research and Fifth Third Bank does indirect lending within your state. This means you did not bring business to Fifth Third, but the dealership you went to did. It also means you really aren't sure if they rip people off or not, giving you know nothing about the bank. Do some research yourself and you'll soon realize you were not ripped off at all. In fact, you've defaulted on a legal binding contract you agreed upon with a dealership.

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