Bike Repo'd By Mistake!!!
#121
05-05-2018, 03:45 PM
#123
05-05-2018, 06:16 PM
Seasoned HDF Member
I don't think HDFS has anything to do with the problem. The OP clearly stated that he was way ahead on his payments and that HDFS was not attempting to repossess his bike. Probably not related here but, some seem to think when they add extra funds to a payment they are paying the debt forward. In other words "because I doubled up last months payments I don't need to make a payment this month." Sounds crazy but that is certainly not how it works and it seems like those with poor credit assume this misnomer the most.
for other lenders, maybe that's one reason why those folks have poor credit....
#124
05-06-2018, 12:10 AM
except, hdfs does work this way. if you pay ahead on your note, they will tell you that you have no payment due until x date. which, will make the end date of your loan the same. of course, you'd be a fool if you did that. otherwise, why pay ahead in the first place?
for other lenders, maybe that's one reason why those folks have poor credit....
for other lenders, maybe that's one reason why those folks have poor credit....
Effectively, on a simple interest loan, the more you pay, and the sooner you pay, the better off you are.
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Bigaj2 (05-08-2018)
#125
05-06-2018, 03:39 AM
I'm still waiting on the new police report to be able to move forward, since I still haven't heard from the repo company.
When HDFS had me on hold for about 5 minutes, and I called back to Countrywide, My brain probably grasped at the straw that HDFS had called them to return it. Either way, I still need a little justice.
When HDFS had me on hold for about 5 minutes, and I called back to Countrywide, My brain probably grasped at the straw that HDFS had called them to return it. Either way, I still need a little justice.
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uklauren (05-06-2018)
#126
05-06-2018, 05:23 AM
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Tony P (05-07-2018)
#127
05-06-2018, 06:04 AM
Seasoned HDF Member
#128
05-06-2018, 06:53 AM
If the OP wasn't fortunate enough to see who took the bike, he'd never have seen it again.
It's absurd that law enforcement cannot or will not at least investigate it to determine if it was a mistake, or its part of a theft syndicate.
Place ad's in the local Craig's list naming the company asking if others have had similar dealings with them.
Go to the two company's place and ask to see the owner or manager.
It's absurd that law enforcement cannot or will not at least investigate it to determine if it was a mistake, or its part of a theft syndicate.
Place ad's in the local Craig's list naming the company asking if others have had similar dealings with them.
Go to the two company's place and ask to see the owner or manager.
#129
05-06-2018, 07:09 AM
Outstanding HDF Member
Originally Posted by skratch
except, hdfs does work this way. if you pay ahead on your note, they will tell you that you have no payment due until x date. which, will make the end date of your loan the same. of course, you'd be a fool if you did that. otherwise, why pay ahead in the first place?
for other lenders, maybe that's one reason why those folks have poor credit....
for other lenders, maybe that's one reason why those folks have poor credit....
#130
05-06-2018, 10:19 AM
Seasoned HDF Member
the only reason I could see is if they made an extra payment, and then some unforeseen circumstance came up. but yeah, I agree, it is dumb to cut yourself short one month, just to skip a month. if you think you're gonna be in a situation like that, then just bump up your payment a little bit, and continue to make a payment.