Thor Credit
Posted Mar 2, 2011 by anonymous | 98 views | 0 comments
I had a motorhome loan with Thor Credit Corp/E*Trade. I loaned the motorhome to another person to use with the condition that the other person make the payments. Thor Credit/E*Trade learned that another person was making payments and repossessed the motorhome because it violated their contract. To settle the lawsuit against me, I paid them $29,000 as the settlement reached between me and their attorney, on top of the $37,000 they recouped at auction. They then reported the vehicle as repossessed to major credit reporting agencies and refused to show that a settlement had been reached. My credit is ruined because of this one item. The settlement reached between them and I was done thru their attorney and should have voided any bad report on my credit file! Thor Credit could at least show that the matter was settled to their satisfaction!
No comments yet. Be first!