Last time, I left everyone hanging with the news that my car was almost repossessed. So, here’s the story and why it is my fault that it happened.
I started making extra partial payments above what I owed every month so that in November and December, I wouldn’t have to make a car payment. Smart, right? Right. I called in August, bypassed the automated system and spoke to a representative. While their computers were running very slowly, I explained what I was doing with the extra payments. She thought it was a fantastic idea. She then told me that I could do that over the automated system. The automated system would give me the option of applying the extra money to the principle payment, or the next month’s bill. “Just press 2, and you won’t have to wait so long on the phone.” How convenient!
So I called another time in August, twice in September, paid what was left of the payment to cover December, and I was so proud of myself! So, I’m ignoring all of these weird phone numbers that never leave a message, only dead air.
Finally last Sunday, I answered the phone for this weird number. I was prepared to really mess with these scammers! It was my lien holder informing me that my car payment was 87 days past due, and my car was going to be picked up at any time. SHUT THE FRONT DOOR!!!! I explained what happened, and the nice young man explained to me that the excess payments had gone to principle and not to the next payment. So I haven’t made a payment since September. There was no way to change this. The only thing I could do was promise a payment when I got paid on the following Monday.
He did put a hold on my account that would stop it from accruing another day, more fees, and interest since the payment was coming the next day. That would bring me down to only 57 days late. I only had enough to make one payment since I planned on the January payment being the one that was due. I was furious! I’m still not very happy, because I REALLY do not like being this far behind. I am working on building good credit after all, and this does not help! Plus, I just have this terrible, nauseated feeling that I will wake up and my car is gone. I have a plan to fix all of this, and by January 15th, I will be completely caught up from 70ish days late by then.Continue reading Hermann says please like and share!