Anyone know how to dispute a loan? - TriStateTuners.com :: Home of Tristate Auto Enthusiast

Tiny · 07-28-2007, 11:42 AM

I have a car loan with Chase bank. I called 3 times to date to have them take the money out of my account to pay off my car. The first time they didn't take the money and they sent me the title. The second time they didn't take the money and they sent me a notorized lein release. The third time the sent me another notorized lein release saying I was released from obligation and still never took the money from the account.

I was going to buy a new car but couldn't until this loan was settled, and now i've lost Dodge's $3500 cash back incentive and i'm pissed. I want to not pay the bank now but wasn't sure how to use the lein release against them.

Anyone ever have this problem?

slobaru · 07-28-2007, 11:47 AM

Don't mess with the bank. They will destroy you....

CHAOS · 07-28-2007, 11:48 AM

perhaps get a lawyer? i have no idea, pretty odd situation if you ask me.

Tiny · 07-28-2007, 11:55 AM

Quote:

Originally Posted by CHAOS

perhaps get a lawyer? i have no idea, pretty odd situation if you ask me.

I'm going to try and write to the credit companies and send them a copy of the lien release first. If that doesn't work i'll get a lawyer. The bank is not going to "destroy" me, but they are doing everything they can to make me angry.

WhiteXFire · 07-29-2007, 12:15 PM

You're making Tiny angry...you wouldn't like Tiny when he's angry...

Couldn't you use the notorized lein release to show them when you were buying the new car?

ITSTOCK · 07-29-2007, 01:42 PM

How much time have you waited???

Often, to complete the process of paying off, it will take over a month. A month is a normal cycle date.

Otherwise, it's just weird that they sent you the title and lien release withOUT taking the money out. Tell them that you already have the title and release, and I bet they will get moving.

ThePrimerSuspect · 07-29-2007, 02:34 PM

so what did ya get?

blu4door · 07-30-2007, 12:10 AM

Definantly don't take it for granted. Make sure they get their money.

They WILL sue you for it even though you have a lein release. More than likely they will get their money.

I have had a similar situation happen to me with my house, and the mortgage company ended up suing me for $75K. It turned out that they filed a satisfaction instead of a sold/transfer when they sold my loan to another mortgage company. They thought they never got their money and tried to get it from me. In the end the suit was expunged from my records, and all was well when they realised the mistake was on their end. That was the day I was truely grateful that my wife works at a law firm.

All of this happened about 2 years after they originaly made their mistake. So it may take a while, but they will catch up to it eventually.

07-28-2007, 11:42 AM	#1
Tiny Tri-State Addict Join Date: May 2005 Location: Philly Member #469 iTrader: (0)	Anyone know how to dispute a loan? I have a car loan with Chase bank. I called 3 times to date to have them take the money out of my account to pay off my car. The first time they didn't take the money and they sent me the title. The second time they didn't take the money and they sent me a notorized lein release. The third time the sent me another notorized lein release saying I was released from obligation and still never took the money from the account. I was going to buy a new car but couldn't until this loan was settled, and now i've lost Dodge's $3500 cash back incentive and i'm pissed. I want to not pay the bank now but wasn't sure how to use the lein release against them. Anyone ever have this problem? __________________ Charger SRT8(mine) --- Diablo Tune, T-Stat, SLP exhaust, and custom intake. Slower then a cavalier, but i'm working on it. Infinity G35 Coupe(Hers) --- Stock Touring Edition With Mad JDMZZZZ

07-29-2007, 12:15 PM	#5
WhiteXFire Tri-State Post Whore Join Date: Apr 2005 Location: Langhorne, PA Member #305 My Ride: 2007 Infiniti G35x, 2008 MB SLK55 AMG iTrader: (0)	You're making Tiny angry...you wouldn't like Tiny when he's angry... Couldn't you use the notorized lein release to show them when you were buying the new car? __________________ Just enjoying the ride. To view links or images in signatures your post count must be 10 or greater. You currently have 0 signatures. 2004 Chrysler Crossfire - Gone 2007 Infiniti G35x Sedan - To view links or images in signatures your post count must be 10 or greater. You currently have 0 signatures. 2008 Mercedes-Benz SLK55 AMG - To view links or images in signatures your post count must be 10 or greater. You currently have 0 signatures.

07-30-2007, 12:10 AM	#8
blu4door Tri-State Aficionado Join Date: Jun 2005 Location: trenton Member #504 My Ride: 1979 ford econoline van iTrader: (0)	Definantly don't take it for granted. Make sure they get their money. They WILL sue you for it even though you have a lein release. More than likely they will get their money. I have had a similar situation happen to me with my house, and the mortgage company ended up suing me for $75K. It turned out that they filed a satisfaction instead of a sold/transfer when they sold my loan to another mortgage company. They thought they never got their money and tried to get it from me. In the end the suit was expunged from my records, and all was well when they realised the mistake was on their end. That was the day I was truely grateful that my wife works at a law firm. All of this happened about 2 years after they originaly made their mistake. So it may take a while, but they will catch up to it eventually. Last edited by blu4door; 07-30-2007 at 12:13 AM.

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07-28-2007, 11:47 AM	#2
slobaru Tri-State Aficionado Join Date: Aug 2006 Location: C. Jersey/WestChester Member #2403 My Ride: '05 STi iTrader: (0)	Don't mess with the bank. They will destroy you....

07-28-2007, 11:48 AM	#3
CHAOS TST Ruined My Life! Banned Join Date: Jun 2006 Member #2120 My Ride: 1984 Cadillac Brougham iTrader: (1)	perhaps get a lawyer? i have no idea, pretty odd situation if you ask me.

07-29-2007, 01:42 PM	#6
ITSTOCK Tri-State Post Whore Join Date: Sep 2005 Member #844 iTrader: (0)	How much time have you waited??? Often, to complete the process of paying off, it will take over a month. A month is a normal cycle date. Otherwise, it's just weird that they sent you the title and lien release withOUT taking the money out. Tell them that you already have the title and release, and I bet they will get moving.

07-29-2007, 02:34 PM	#7
ThePrimerSuspect Tri-State Addict Join Date: Jan 2006 Location: philly Member #1241 iTrader: (0)	so what did ya get?