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Drive Financial / Balance Owed

1 United States Review updated:

I purchased a car in 2005 through Drive. It was wrecked and totalled in 2007. I only had about 13 payments left. Drive was paid in full for this car from my insurance company. I got a call a few days ago saying that I still owed on this car and that Drive had sold my account to this company for collection. I have the papers to prove the car was paid in full. So how can Drive get away with this? Any suggestions? I am open to them... I have sent sopies of my pay off to the collection sompany but they say they only go by what Drive has sent them. I will be contacting Drive as well, believe me!!

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  • No
      4th of Mar, 2010
    0 Votes

    I finaced a car through them in June 2008 and it was totalled in Sept 2008. My insurance co paid most of the balance but I had GAP insurnace and it was supposed to pay the balance of $7000. Since I heard nothing form Drive, I assumed the account was paid and closed. About a month ago, I discovered through my credit report that the charged off my account as owing them over $9000 which was literally impossible. Also still shows a year of missed payments even after they received the insurance checks. It tutrns out that GAP insurance paid all but $1045 of the $7000 difference. I called them and they will not speak to me. They ruined my credit and I am in the process of trying to get it fixed. Since I do owe the $1045, I am currently paying it w their collection c. (RGS) but the $9000 charge off is so wrong I lose sleep over it. You have to write a letter to Marea Ragas, Director of Credit Bureau Reporting to get anything on oyur report that may be screwed up by them. This is a horrible company

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