Wilshire Consumer Credit

This company repossessed my car after I kept in touch with them when behind on 400.00 payments for my bmw. After they repossessed it they would not work with me to pay my late payments they demanded the full amount which was 3500.00 more than the loan. They realized my car was worth a lot more than I borrowed so tried to send me this letter which is illegal. They offered to give back my car for a settlement and they want all of my proceeds of selling it lol. Florida law clearly is against that. I hired Morgan and Morgan. I want my car back with my car seats. But I’m not concerned I will get it back. They also tried to get me to pay them within 14 days from the time the letter was written. Lol but my car got repossessed two weeks after the date they used. Letter sent 6/3/22 date car repossessed 6/16/2022.. luckily for me the title can’t be released to them because apparently I owe a ticket a forgot about so that’s the only thing preventing them from selling it. I’m not paying the ticket until I get my car

My husband took a loan out against my vehicle with Wilshire Consumer Credit.When he signed up it was for 24.99% and have since paid back the amount borrowed plus an additional $22, 000 in interest.
Now they are saying that we still owe an additional $18, 000 plus. According to my husband they were signing documents that were blank and was told they would receive a contract in the mail. When he did, it was 3 years later and it said that he agreed to 88.55%. I refuse to pay all of that money back, when did it become legal to be a loan shark.

I have since had a repossession agent come to my door who himself told me that they change the percent usually after you sign up, that does not seem legal to me. At this time I have an attorney looking into the situation and we have had to file bankruptcy because they have just made it impossible to get caught up. In filing for bankruptcy we discovered that they are not reporting accurate information to the Credit Bureau.. I am hoping that all of the individuals who have been wronged by this company will stand up with me and let it be known that this is wrong, my husband could have gotten a better rate from a real loan shark on the corner named Vinny who would of had more integrity than this company. The consumer agencies really need to put harsher laws on these people so that they can not continue to rip hard working people off. If you have had bad dealings with this company file a complaint with the Federal Trade Commission and the State Attorney General Office. Record all your conversation with Wilshire and the representative who calls you, especially if they are threatening you.

My name is not on that contract and I am not giving up my truck without a fight.If you are considering using Wilshire I beg of you not to they will cause you nothing but headaches and stress, they are not a stand up company and their people are rude and unaware of how to do their job.