Triad Financial Corporation Ripoff Don't Get A Loan From Triad Hunting Beach California

I bought a car in November 2005 and Triad Financial Corporation financed it for me. I made my payments on time every month even sometimes sending in more than what the payment was. On May 19th 2007, I was in an accident totaling my car, the insurance company called triad and asked them for a payoff of the car and they said that it was $13,500.00. So the isurance company ran the value of the car and found that it was worth $7,000.00 and offered Triad $8,817.50 for it and Triad agreed to that amount. They released the title to my insurance company and I had to endorse the check, then they said that I was still responsible for the remaining balance of the loan which would be about $4,680.00. So I asked them how do you expect me to pay for something that I know longer have or will ever have and you know longer have anymore.

The purpose I thought for paying on the loan was so someday I could own the title to the car, but since they know longer have the title to the car because they sold it to my insurance company how do they expect me to pay for remaining balance on the loan. So now I can't get another car because all lenders think I still have the car because it is showing up on my credit as an open car loan, which I know longer have the car the car was paid off by my insurance company! So I will tell everyone out there don't do business with Triad Financial Corporation, don't do business with them or you will be Carless!

Chavis
Mooresville, North Carolina
U.S.A.