It looks like we are in the beginning stages of what everyone else is reporting.
We have not been affected, yet. Both, my husband and I, received three (3) letters yesterday from this company.
Bottom line, they say they bought our automobile account from HSBC on September 30. Acct #xxxxx8543. Principal balance as of 10/27: $12,919.10. My collateral: 2003 Mitsubishi Lancer
Offering this:
"Upon receipt of $646.00 (5% of our current Principal Balance) by November 12, Ameristar agrees to refinance this loan at 60% of the current balance at the interest rate of 9.5%".
"If the initial payment is not made, documents not signed and sent within ten (10) days of date mailed (October 27), terms of refinance are broken".
"Until we approve your refinance contract, we will continue with all collection efforts, including but not limited to; calls, letters, repossession and possible legal action".
I told HSBC to come and get car, gave them my address, work and phone numbers, January. Lost my job. HSBC reported chargeoff of my car, last December.
I've read all the reports and I don't see the name thats on all three (3) letters are from: Denise M. Faulkner. None are signed. Addresses are the same. Phones are different.
Am I jumping the gun, on this company, assuming that they are not on the up and up.
0 comments