Hey fellow seekers of justice. I puchased a 1995 Oakwood mobile home for my sister in 2000. The mobile home had been financed through Conseco by the previous owners. I bought it for the remander of thier loan, which was $14,000 ($17,000 after closing costs, taxes, fees, ect.) Things were ok until my sister gave birth to her child, and was late on a payment. They called the very evening it was due, and demanded thier money. No questions or inquiries, just demands. She paid it days later, and got late once more almost a full year afterwards. They called again and were as rude as ever. So we paid up again. We had a waterpipe bust and it made the carpet wet around one of the doors. The insurance on it was part of the payment, so we called them trying to get information on when they could fix it. We never got contact with anyone. We paid everything up and let it go back. I sent a registered letter explaining our actions.
A full 2 months later, they called me asking when I was making the next payment (in a totally fake, sincere sounding voice). I told them I had sent a letter explaining everything. They claimed they never got it. How could they claim they never got it, when I sent it registered? Who signed for it, The Tooth Fairy? Also, they called the exact evening of the day it was due, whenever it was late. Why did they wait 2 months to contact me, if they weren't waiting for me to go into default? They claimed it had been late 10 times, even though they only called twice. Turns out, they add a $7 fee for everyday the payment was late, but they never included it in the monthly payment, as it NEVER changed. It was $288 every month. Everytime we paid the $288, they considered that being late, because we didn't pay the extra $7, even though they never asked for it!!!
I told them what they could do with thier trailer. It finally got hauled off in months after she had moved out.in 2005 (a full 2 years later people), they claimed they could turn me in and garnish my wages. They said they had sold it for a measly $1050!!! They wanted the rest of thier money. I asked them why it hadn't been sold for a fair market value. They said they could sell it for whatever they wanted to, as long as they took the highest bid. I was NEVER contacted to be told when it would be sold, I was NEVER told it had been sold, and I had not had ANY contact with them in 2 full years. I told them to take me to court.
In 2007 I recieved a letter claiming they had cancelled the debt. Here's the kicker: The $16,000 left was reported to the IRS as taxable income!!! They have the trailer, I never recieved a penny in my hand, and I STILL have to pay taxes on the loan!!!
It's a bit discouraging, but at least Conseco didn't get anymore of my money. Just wait them out folks. They file bankruptcy every 5 years or so. It's a pyramid scheme.
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