Hi Pearl. My name is***** I helped my son buy a car for his security co, a few years ago. I am sole owner of the finance contract
. My son and his co, have been making the payments. I received a call from the finance co. today saying I was 62 days delinquent in payments. After the first 30 days, a negative report was sent to a credit bureau. I contacted my son, who in turn showed me his automatic withdrawal from the business account. The last withdrawal was on 5/23/2016. What are my options?
JA: The Lawyer will need to help you with this. Have you consulted a lawyer yet?
Customer: No. I was notified at 5:55 PM this evening about the situation. The Finance co. closed at 9:00 PM Eastern, 6:00 pm local time.
JA: Please tell me everything you can about this issue so the Lawyer can help you best. Is there anything else important you think the Lawyer should know?
Customer: My son has changed business addresses since the purchase. He filled out the change of address on the back of the statement, and sent it in. After a while, and not receiving statements, he called the co. and gave them the change of address. Still not receiving statements. He says, this was a couple of years ago. My concern is in the last 62 days. I have the supposed balance owed, and the amount supposed amount to bring the account current, which my son says is wrong. Obviously my concern is the damage done to my credit rating.
JA: OK. Got it. I'm sending you to a secure page on JustAnswer so you can place the $5 fully-refundable deposit now. While you're filling out that form, I'll tell the Lawyer about your situation and then connect you two.