getting calls from collection agency

[chuckL]

texas...In September 2006 I bought a new ford f 150 pickup. I drove it 3000 miles and it began to take off uncontrollably when I excelerated and would not stop untill I would hit the brakes. I brought it back to dealer where I bought it and they kept it a week and told me they could not find anything wrong..I took it and less than a week later it did it again,,,and again. I brought it back to them and they could not find a problem. they installed a monitor and told me if it did it again to push this button...it did it three times and I mashed the button all three times. I brought it to them and they said it did not show anything.
I would not drive this thing because it was going to kill me or someone else...I voluntarily surrendered the vehicle. stopped payment. After a while i started getting calls from a collection agent saying I owed them 12000.00..They still call me daily.
They (ford )have my tradein on that deal,,they have the truck in question and they have money I put down on deal... My question is, can I be sewed by this collection agency? Can they stack up interest on the original amount?
What type of lawyer do I get with this case? I have the letter of surrender and any asscociated paper work involved in the deal..Please respond.
I dont care what happens too my credit since I am older, retired with a disability retirement. I just dont want to give Ford anymore money since I was ripped on the deal.


ChuckL

 

[justalayman]

what was the $12k for? What I am looking for is; what was the actual loan amount?

 

[chuckL]

colection agent keeps calling

After I returned the truck (surrendered) ford contacted me and they had placed the vehicle on auction. It sold for x dollars. (a reduced rate I feel since it was flawed) they reduced what I owed on the contract minus x dollars. this amount was 12k ...If the truck was not returned it would have surely autioned for more.

 

[chuckL]

I dont have the actual numbers in front of me but the actual loan amount was something like 25k ...

 

[chuckL]

the name of the collection firm that keeps calling me is Hosto , Buchan, Prater and Lawrece. I understand they are from arkansas and Dallas, ever heard of them and what kind of reputation do they have? I know what the blog says but I was thinking you may know of their reputation?...ChuckL

 

[msiron]

Pay the money you owe.

 

[chuckL]

When I signed up for this forum I assumed that I would be answered by a lawyer or a representative to a Law firm. Your response to my question makes me think you are somekind of skateboarder or its equal in the intellegence level.
Or does anyone get to respond , the same as the fishing forum I visit from time to time. Your responce does not take into consideration that they did not offer me some kind of deal where I could trade it in to replace it with a safe truck...Does not consider the devalued amount the truck sold at the auction...simply because they sold me a lemon...
please hold your response if you cant have a little value added response.

 

[Zigner]

When I signed up for this forum I assumed that I would be answered by a lawyer or a representative to a Law firm. Your response to my question makes me think you are somekind of skateboarder or its equal in the intellegence level.
Or does anyone get to respond , the same as the fishing forum I visit from time to time. Your responce does not take into consideration that they did not offer me some kind of deal where I could trade it in to replace it with a safe truck...Does not consider the devalued amount the truck sold at the auction...simply because they sold me a lemon...
please hold your response if you cant have a little value added response.

Sounds to me like you didn't follow your state's lemon law guidelines.

Bummer dude...

 

[chuckL]

I did not even know there was a set of lemon Laws. This really took be blindsided. It is the 10th ford that I had purchased. I tried to google the lemon Law and it was so confusing I could not make heads or tails of it..I brought the vehicle in to Ford thre e times and had it checked out. They could not find anything wrong. So, are you a Lawyer or do you speak from experience? Please tell me straight cause I want to get this off my back....Ok?

 

[chuckL]

Well I suppose the old addage of "Free advice is usually worth about what you pay for it" might apply in this case....You are worthless!

 

[justalayman]

Well I suppose the old addage of "Free advice is usually worth about what you pay for it" might apply in this case....You are worthless!

well, that blew any chance of anybody here helping. The folks that post here do so because they want to help. There is no pay. There are a few attorneys that post but the bulk are simply laymen that try to help using their knowledge. We are not on a schedule so we post when we want.

best of luck to ya.

 

[chuckL]

So now you open up huh? Read back and read the previous replys. Now read your last posting. Thats all I was asking for! Zinker (sp) only gave me one sentence answers. I was just asking for an opinion and hoped I could get an honest reply. Thanks you anyway for your time. I will go elsewhere for a professional opinion! Hoped I could have done it here, Chuckl

 

[LeeHarveyBlotto]

Unless you have something in writing that takes you off the hook for the difference between the loan balance and what the vehicle brought at auction, you owe the money.

 

[chuckL]

...and once a collection agency starts calling does that mean they will sue for the balance? or does that mean they may sue? Can the amount be compounded with interest? It would behoove me to get with ford and see if I can agree on a lesser amount!! Are these Guys a reputable collection agency? (if there is one)
I agree I owe them for the balance, I have never ducked out on a contract ever in my life before, then this has never happened to me before either (bought a lemon) .
What type of Lawyer should I get to help me communicate with these guys. (I tried to talk to them but they were very abnotious...Truely rude) worse than me by far!
Thank you for the help, chuckl

 

[msiron]

They will likely sue for that amount.
+++++++++++++++

In September 2006 I bought a new ford f 150 pickup. I drove it 3000 miles and it began to take off uncontrollably when I accelerated and would not stop until I would hit the brakes. I brought it back to dealer where I bought it and they kept it a week and told me they could not find anything wrong..I took it and less than a week later it did it again,,,and again. I brought it back to them and they could not find a problem. they installed a monitor and told me if it did it again to push this button...it did it three times and I mashed the button all three times. I brought it to them and they said it did not show anything.
I would not drive this thing because it was going to kill me or someone else...I voluntarily surrendered the vehicle. stopped payment.

You have a vehicle covered under warranty because it was BRAND NEW, right? And you didn't get satisfaction after numerous attempts at one dealer.... why did you not contact your local Ford zone rep? Why did you not try another dealer? Why did you not look at your states lemon laws?

After a while i started getting calls from a collection agent saying I owed them 12000.00..They still call me daily.

Hello you owe the money!

They (ford ) have my trade in on that deal,,they have the truck in question and they have money I put down on deal... My question is, can I be sewed by this collection agency? Can they stack up interest on the original amount?

FORD doesn't have anything, the dealer has it. They are 2 separate entities and the Ford dealership could be an independent meaning it is NOT owned by Ford. YES you can and probably will be sued.

I don't care what happens too my credit since I am older, retired with a disability retirement. I just don't want to give Ford anymore money since I was ripped on the deal.

If they take it to court you will likely be paying what you owe.