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I got an auto loan with Fireside in 1995 for a used jeep with 15, 000 miles where the principal was 10, 800. All I have ever wanted was a jeep, so when they said they HAD to charge me a rate of interest that brought my loan balance to 24, 000 because of an old bankruptcy that had not been removed from my credit, eventhough it had been discharged, I agreed to the loan with the stipulation that they proposed upon making my payments for 1 year on time, we could renegotiate for a better rate. After one year, I called to renegotiate and they said and I quote "If you did not get that in writing then you are ### out of luck!" I busted my ### to make thos payments for that year based on that stipulation, of course I started falling behind. I was a single parent. The harassment at work and at home by phone was inconceivable. They repossessed my car twice, the first time I hired an attorney that screwed me over, the second time I just gave up. At the time of my second repossession I had paid them 17, 500 and they supposedly sold the car for 5, 000. By my calculations that's 22, 000 towards this loan in which I do not have a car, In 2007, they garnished my wages this contributed another 2-3 thousand against that loan. When I went to get another car loan with Santander, Fireside put the original loan amount of 10, 800 on my credit for 2007 as if it were a new loan that I had defaulted on, which made my Santander loan outrageous payments of 663.00, I lost my job from the stress and eventually defaulted on that loan. I keep receiving threats to garnish my wages again from them. My mother co-signed for the Fireside loan and they have been harassing her as well. I think I do not owe them anymore money and I think they owe me a car. I am paraying to find an attorney that agrees with me.
Always talk to your creditors. If the original lender can't refinance your loan, you can go to your own bank or another lender. Creditors will look at everything before determining the collectability of a loan including time on the job, time at residence, income, debt ratio, discretionary income, and how you pay your other bills.
Here we are in 2022. I received court papers in the mail. The papers are an actual levy from the sherrifs office in LA County stamped May 2022. from a judgement in 1998 for fireside thrift and their attorney Zee something or rather. The amount of the judgement was $9700 in 2017. It's been nearly 30 years. I've never been notified of a motion filed against me. After consulting with the CA Bar Assoc, I was referred to an attorney in my county. I was told I have 2 options. 1) Negotiate a settlement amount and 2) file for bankruptcy. WTF! I would never NOT work with a creditor on settling a debt. Nor would I never NOT show up in court...IF I HAD BEEN GIVEN NOTICE/SERVED.
These people are crooked and have found some sort of loophole to really mess up the people who try the hardest to be good standing citizens...aka middle and poverty class. They are actually ruining peoples lives and getting blood out of turnips by placing levy on everything they own. Including deposit accounts/banks. I'm assuming the original judgement was less than $1500 because the motion was filed in Small Claims. And they are demanding $14k? That's rape! At its core. Ruining lives by bending you over without letting you know 1st or getting consent.
Fireside Thrift and Loan has been out of business since 2008 because of the financial crisis; they were a company owned by Unitrin from Chicago, IL. A collection agency has taken over your account and followed through on the debt. This has nothing to do with Fireside.
I believe Fireside is a no good cheap and car loan lender liar creditors its best to get a direct loan from your bank or save up the amount of the car u wish to someday buy by putting the funds away monthly as if u were all ready making car payments. Trust me by blink of eye your goal will b reached i am a single parent and i did it by staying optamistic. As for fireside thrift and loan company IS HORRIBLE THE STAFF IS RUDE AND UNPROFESSIONAL AND EVEN KEEP RECORDS OF BACK PAYMENTS TO YOUR CAR LOAN AWAY FROM YOUR REACH BECAUSE THERE MISSION IS TO RACK UP CHARGES ON YOUR ACCOUNT LATER AFTER YOUR CAR PURCHASE ! HOW SAD OF A COMPANY NOT TO MENTION TACKY !
I can't disagree with you more. First of all Fireside is a sub-prime lender which means your credit was shaky to begin with. If it was easy to get a loan from your bank then you should of done that. In my experience as a manager with Fireside my goal was to help anyone that had the means and desire to repay their debt, but there was a price. I understand the novelty of a new car purchase wears off quickly when the bill comes, but where would you be if you couldn't purchase that vehicle?
Unfortunately, Fireside Bank went out of business in 2008 due to the financial crisis and since your comment was posted in 2013 it is a collection agency that has taken over on the debt. Fireside has been out of the picture for a long time. My best advice is to work with your creditors. Try to negotiate a discounted price in order to remove bad debts.
As usual there are three sides to a story: yours, theirs, and the truth. As a former employee I can tell you that they never told him he was "s*** out of luck", but it is good advice to get things in writing anyway. Customers rarely read the contract they sign so when things start to happen they are unaware of the procedures. Obviously there are some mathematical calculations that are not included in order for this customer to come up with the correct figure. Proceeds from a sale go towards the loan, but there are also fees charged (everyone wants a slice of the pie) by the repo man, the auction company, dmv, etc... The resulting balance is called a "deficiency" and is the responsibility of the customer even if they do not have the vehicle.
Since a bankruptcy had already been filed in the past, this particular customer has had experience with credit issues, collection calls, and not paying his bills on time. Customers need to take responsibility for their actions and to honor their contracts. Things happen in life. Unfortunately... but the best thing to do is work with your creditors and agree on a payment plan in order to eliminate the phone calls. When customers avoid their creditors the problem will not go away until it is either paid or it becomes a legal issue.
Your credit is important. Good credit opens many doors as it is a positive reflection of the individual. Bad credit can be construed poorly and therefore limits someone's opportunity.
Good luck on handling this situation.
I had car loan with them years ago. Fell behind and they now call me at least 12 times a day everyday over and over. Grounds for lawsuite. Sorry sobs
Calling twelve times a day is illegal since it violates FDCPA guidelines. My guess is that it FEELS like that happens. My question is, why are they calling? Are you avoiding the collector? My best advice is to work out a payment plan and the calls will stop. Don't avoid collectors. They are actually trying to help you from making the situation worse.