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  1. #1
    drivingmecrazy is offline Junior Member
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    Car finance company - behind by one payment

    What is the name of your state (only U.S. law)? California

    I am a payment behind with our auto loan...both my wife and I were let go from our last job. I've requested with them to please defer or grant us an extension until we find a job, maybe the next two payments.

    They are telling me they cant do it period. I was told "by a friend" that they have to by law grant you two estension per year if needed. Is this true?

    Thank you for your assistance...What is the name of your state (only U.S. law)?
  2. #2
    LeeHarveyBlotto is offline Senior Member
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    Not at all true. They can come get the car if your payment is one day late.
  3. #3
    emach1 is offline Member
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    Quote Originally Posted by drivingmecrazy View Post
    What is the name of your state (only U.S. law)? California

    I am a payment behind with our auto loan...both my wife and I were let go from our last job. I've requested with them to please defer or grant us an extension until we find a job, maybe the next two payments.

    They are telling me they cant do it period. I was told "by a friend" that they have to by law grant you two estension per year if needed. Is this true?

    Thank you for your assistance...What is the name of your state (only U.S. law)?
    Capital One put one payment on the back of my loan out of courtesy and they did this after I was laid off. They told me they couldnt do another one until I waited a year. Then again, I had a perfect payment record with them until the layoff. If you have good history, why wouldnt they grant you at least ONE skipped payment which you put on the end of the loan? Who is your finance company, btw? Let us know so we can avoid them.
  4. #4
    drivingmecrazy is offline Junior Member
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    Quote Originally Posted by emach1 View Post
    Capital One put one payment on the back of my loan out of courtesy and they did this after I was laid off. They told me they couldnt do another one until I waited a year. Then again, I had a perfect payment record with them until the layoff. If you have good history, why wouldnt they grant you at least ONE skipped payment which you put on the end of the loan? Who is your finance company, btw? Let us know so we can avoid them.
    We had a perfect payment history with them as a matter of fact, one payment ahead even. The company is Fireside Bank . [url=http://www.firesidebank.com]Fireside Bank: Investing in relationships for over 50 years[/url] Avoid at all costs! We originally had our loan through longbeach acceptance corp who was then purchased by Fireside. Let me tel you, NO HELP what so ever! I told them, look at our history, we have 4 young children and are both out of work now. Once unemployement kicks in, we can even make partial payments. They wouldnt listen at all..... GO FIGURE!
  5. #5
    emach1 is offline Member
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    Quote Originally Posted by drivingmecrazy View Post
    We had a perfect payment history with them as a matter of fact, one payment ahead even. The company is Fireside Bank . [url=http://www.firesidebank.com]Fireside Bank: Investing in relationships for over 50 years[/url] Avoid at all costs! We originally had our loan through longbeach acceptance corp who was then purchased by Fireside. Let me tel you, NO HELP what so ever! I told them, look at our history, we have 4 young children and are both out of work now. Once unemployement kicks in, we can even make partial payments. They wouldnt listen at all..... GO FIGURE!
    Good to know. Avoid Firesidebank at all costs. They are another bank/finance company that deserves no business. Thanks. Good luck with your situation.
  6. #6
    wyett717 is offline Member
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    Capital One put one payment on the back of my loan out of courtesy and they did this after I was laid off. They told me they couldnt do another one until I waited a year. Then again, I had a perfect payment record with them until the layoff. If you have good history, why wouldnt they grant you at least ONE skipped payment which you put on the end of the loan? Who is your finance company, btw? Let us know so we can avoid them.
    Emach, will your idiocy ever stop? Really. This site is for legal advice, which you have yet to offer in any valid form.

    Since when are banks obliged to allow a person to skip a payment? It doesn't matter if you think they ought to, or if some banks have been so generous to do so for others, the reality is that they don't have to. When you sign an agreement to take out and pay back a loan, lenders tend to assume you will honor said agreement.

    I'm sure Fireside Bank will be shaking in their boots knowing that they won't get your business.
  7. #7
    wyett717 is offline Member
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    On second thought, after reading your other posts on this site, I take back my comments. Clearly you are a financial wizard and have all the secrets to beating/manipulating the system, who am I to make an attempt at sensibility?

    You have vowed to avoid business ties with Capital One and Fireside Bank, but based on your posts, I wouldn't count on engaging in many banking relationships anywhere.
  8. #8
    emach1 is offline Member
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    Quote Originally Posted by wyett717 View Post
    On second thought, after reading your other posts on this site, I take back my comments. Clearly you are a financial wizard and have all the secrets to beating/manipulating the system, who am I to make an attempt at sensibility?

    You have vowed to avoid business ties with Capital One and Fireside Bank, but based on your posts, I wouldn't count on engaging in many banking relationships anywhere.
    Actually, Capital One and I still have connections.

    How's that foreclosure looking on your pristine credit report?

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