ED Magedson – Founder
My car was repossessed when I was out of work and yes, I was having trouble making ends meet and was trying to work with them. They came to take it after a few months even though I was constantly on the phone trying to make arrangements and keeping in contact. I asked for them to send me the 'right to cure' notice required in SC and per the contract. They told me that they did not know what that was and they were not required to send me anything. When they finally took the car in October of 2009, I called the next day to once again ask for copies of the paperwork, and got the same answer about the contract stipulations. I went through the state consumer board and forced a letter from them which they stated that they had sent me the right to cure notice several months before, which they did not. They also said in the letter that the notice was sent when I was late by 20 days one time. They sold the car at 10 percent of value and now have turned the collection over to another company to get the rest of the money that they say I owe.
PLEASE IF ANYONE STARTS A CLASS ACTION AGAINST THIS COMPANY, CONTACT ME. I AM TIRED OF THESE COMPANIES SCREWING OVER PEOPLE.
This report was posted on Ripoff Report on 04/03/2011 10:49 PM and is a permanent record located here: http://www.ripoffreport.com/reports/hsbc-auto-finance/internet/hsbc-auto-finance-repossession-against-the-law-of-this-state-internet-713453. 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.
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