It's a sad day.... - TwoWheelForum: Motorcycle and Sportbike forums
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post #1 of 25 (permalink) Old 08-12-2006, 04:08 PM Thread Starter
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It's a sad day....

Well, after a messy screw up with the bank (their fault), I am forced to sell the Gixxer. My credit score has dropped about 200 points and I am just blah right now.

It's a sad day. I washed the Gixxer this morning and parked in the garage for it's final resting until the next owner rides her off.

It was a good ride while it lasted (4 months). I won't be able to buy another bike for a couple years or better. Next time I'll go for somethin different like an RC51 or XB12R. Something V-twin.

Well, thought I'd pass on the news. I'll still hang around though. I'm still a motorcycle enthusiest but for a while I'll be one without the motorcycle.

-Peace
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post #2 of 25 (permalink) Old 08-12-2006, 04:41 PM
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Wow, do you not want to tell the rest of the story?

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Well, thought I'd pass on the news. I'll still hang around though. I'm still a motorcycle enthusiest but for a while I'll be one without the motorcycle.
Yes, stick around, we can help make your time without a bike, unnessicarily difficult.

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post #3 of 25 (permalink) Old 08-12-2006, 04:47 PM Thread Starter
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Basically, the bank did not update my address info and their automated phone system would not let me talk to a human being. The phone number kept asking for an account number but I didn't have that because I didn't get any statements. finally, I got through to my dealer's sales manager, he gave me the "back door" number to the bank and I talked to a person but it was too late. My account was already sold to collections. So, after a lot of stress, I was able to co-sign a loan through my credit union with my dad to pay off the collectors and keep a repo off my credit. My credit WAS perfect. And I mean PERFECT. My score was almost an 800 and now it's a 542. It's gonna take a while to build it back up but in order to stay afloat, I need to sell the bike.
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post #4 of 25 (permalink) Old 08-12-2006, 04:54 PM
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ouch man, hope everything turns out alright. Good Luck! and stick around

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post #5 of 25 (permalink) Old 08-12-2006, 04:56 PM
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wow that sucks. Good luck getting that all straightened out.

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post #6 of 25 (permalink) Old 08-12-2006, 04:57 PM
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That seriously SUCKS. and is the reason I always try to pay in cash upfront. Sorry to hear this kind of stupid crap happened because they use that automated CRAP. I pick up a phone to talk to a PERSON NOT A MACHINE!

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post #7 of 25 (permalink) Old 08-12-2006, 05:04 PM Thread Starter
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Originally Posted by King Bob
That seriously SUCKS. and is the reason I always try to pay in cash upfront. Sorry to hear this kind of stupid crap happened because they use that automated CRAP. I pick up a phone to talk to a PERSON NOT A MACHINE!
I agree. Once I found out who had financed my bike, I alomst crapped myself and realized why I was going through all this trouble. Household Bank. Almost everyone I have told that to has said to me, "Crap dude. If I'd have known that it was Household, I'd have told you to RUN!" Yea, I would have had I gotten a flippin statement. Oh well. The damage is done. There's more I could have done as well, like I could been more dillegent in contacting the sales manager at my dealer to get that "back door" dealer number.

I I've got 3 loans that I'm working on now and should have paid off in about a year and a half, that should boost me back up to the upper 600's which is considered "good," not great but good.
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post #8 of 25 (permalink) Old 08-12-2006, 07:21 PM
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ouch audio.... thats why i do most of my financing through a credit union, they arent so quick to pull the trigger and you can walk in and yell at actual human beings when things arent right.

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post #9 of 25 (permalink) Old 08-12-2006, 07:26 PM Thread Starter
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Originally Posted by JK_DILLA
ouch audio.... thats why i do most of my financing through a credit union, they arent so quick to pull the trigger and you can walk in and yell at actual human beings when things arent right.
Yup. That's what my loan officer at the credit union at the credit union said. I've learned my lesson. Next time I'm pullin an unsecured loan at the credit union and walkin into the dealership with the cash. Cash is a better bargaining tool anyway.
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post #10 of 25 (permalink) Old 08-13-2006, 12:01 AM
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Quote:
Originally Posted by Audiomechanic
Yup. That's what my loan officer at the credit union at the credit union said. I've learned my lesson. Next time I'm pullin an unsecured loan at the credit union and walkin into the dealership with the cash. Cash is a better bargaining tool anyway.
The only thing better is cash from an account. No loans at all. Hope things work out for you soon.

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post #11 of 25 (permalink) Old 08-13-2006, 01:43 AM
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i feel for you man.. but make sure you stick around it is rare to find a great group of people like those on he TWF... and yes

REMBER THOSE WHO ARE NO LONGER WITH US AND KEEP THEM IN YOUR THOUGHTS AND YOUR HEARTS.
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post #12 of 25 (permalink) Old 08-13-2006, 07:44 AM
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so are you saying that you owned a bike for 4 months and never made a payment on it? if so, didn't that strike you as a bit odd 3 months ago, when you never got the first statement?

when you turn your bike on, does it return the favor?



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post #13 of 25 (permalink) Old 08-13-2006, 08:50 AM Thread Starter
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Originally Posted by itgirl25
so are you saying that you owned a bike for 4 months and never made a payment on it? if so, didn't that strike you as a bit odd 3 months ago, when you never got the first statement?
Yup. That's why I tried calling the bank several times. I also called the dealer and they kept telling me that I had recieved some promotional "delayed payment" thing and to not worry about it. Looks like I should have worried more!

This whole thing was just one big mess. It's the bank's fault for not updating my info but it's mine as well for not following up dilegently enough. I learned my lesson.

And yes, Jeeps, no loans is the best way to go but if I'm gonna get a loan, I know where to go now. At least now I'm smart enough to know that I'm not even gonna try to get a loan until some of my other debt is paid off. I wouldn't have been over whelmed by the bike payments but it would have been tight for a while. Perhaps it's for the best.
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post #14 of 25 (permalink) Old 08-13-2006, 02:14 PM
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[QUOTE=Audiomechanic]Yup. That's why I tried calling the bank several times. I also called the dealer and they kept telling me that I had recieved some promotional "delayed payment" thing and to not worry about it. Looks like I should have worried more!

This whole thing was just one big mess. It's the bank's fault for not updating my info but it's mine as well for not following up dilegently enough. I learned my lesson. QUOTE]

this is a very unfortunate incident, i feel badly for you. you did learn a very valuable lesson though. it is a shame we hafta keep on top of stuff like this. i had this happen to me once with my cel phone company. they just started sending my bills to a different address for no apparent reason, so i wasn't getting them. after 2 months of this, i realized i wasn't getting my bill and called them. they were nearly gonna shut off my service until i strightened it out. i don't know why this happened, i didn't authorize any change of address. just a fluke, i guess.

anyways, you are not totally at fault here. the only thing you shoulda done was check into it sooner. but i knwo we only have control over so much when it comes to this stuff. you'll bounce back, it'll just take some time. with it all.

when you turn your bike on, does it return the favor?



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post #15 of 25 (permalink) Old 08-13-2006, 03:59 PM Thread Starter
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Originally Posted by itgirl25
this is a very unfortunate incident, i feel badly for you. you did learn a very valuable lesson though. it is a shame we hafta keep on top of stuff like this. i had this happen to me once with my cel phone company. they just started sending my bills to a different address for no apparent reason, so i wasn't getting them. after 2 months of this, i realized i wasn't getting my bill and called them. they were nearly gonna shut off my service until i strightened it out. i don't know why this happened, i didn't authorize any change of address. just a fluke, i guess.

anyways, you are not totally at fault here. the only thing you shoulda done was check into it sooner. but i knwo we only have control over so much when it comes to this stuff. you'll bounce back, it'll just take some time. with it all.
Yea, I definately learned that. I still can't believe that I had to call the bank using a "dealership only" number to get to a stinking person. Oh, well. The damage is done. All I can do is pay off this credit union loan and a couple others (truck and student) and hope my credit score goes somewhat back to what it was. What irritates me the most is that before this, I had perfect credit. And I mean PERFECT! Not even so much as a late payment! Things happen for a reason though and even though I am loosing a very nice machine, I am at peace with it. I'll get another one eventually and perhaps the next one I get will suit me even better!

Thanks for the moral support guys (and gal)! I will fo sho be stickin around.
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post #16 of 25 (permalink) Old 08-13-2006, 05:40 PM
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There is still something you can do...contact all three major credit bureaus and explain the situation. They have to change false or incorrect information. If you have proof the bank dropped the ball, you can regain some of your rating...There are always several sides to each story, but if you feel you were wronged, you have options
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post #17 of 25 (permalink) Old 08-13-2006, 06:32 PM Thread Starter
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Originally Posted by bumblebee
There is still something you can do...contact all three major credit bureaus and explain the situation. They have to change false or incorrect information. If you have proof the bank dropped the ball, you can regain some of your rating...There are always several sides to each story, but if you feel you were wronged, you have options
That's a pretty good idea! I don't know if I have proof though. The only way I found out that the bank had my wrong address, was when I called them. They asked for my current address so it's changed and current now (not that it matters anymore). All I have is verbal confirmation of the wrong address. Is there a way I can get physical proof?
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post #18 of 25 (permalink) Old 08-13-2006, 09:33 PM
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Originally Posted by Audiomechanic
That's a pretty good idea! I don't know if I have proof though. The only way I found out that the bank had my wrong address, was when I called them. They asked for my current address so it's changed and current now (not that it matters anymore). All I have is verbal confirmation of the wrong address. Is there a way I can get physical proof?
Doubtful that the USPS keeps records that specific (ie. mail that was delivered for you to a different address, or returned mail)...

Do a reverse phone number lookup based on your old address to contact the current resident... Maybe they remember getting things postmarked for you, from the bank... or better yet, maybe they still have one of the unopened statements... Even if they just remember getting it and you can get them to sign a sworn affidavit stating so, that's better than nothing...

Obviously this is an enormous longshot, but at least it's a place to start...
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post #19 of 25 (permalink) Old 08-13-2006, 09:57 PM Thread Starter
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Originally Posted by onesickpsycho
Doubtful that the USPS keeps records that specific (ie. mail that was delivered for you to a different address, or returned mail)...

Do a reverse phone number lookup based on your old address to contact the current resident... Maybe they remember getting things postmarked for you, from the bank... or better yet, maybe they still have one of the unopened statements... Even if they just remember getting it and you can get them to sign a sworn affidavit stating so, that's better than nothing...

Obviously this is an enormous longshot, but at least it's a place to start...
True. It's good advice. Thank you.
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post #20 of 25 (permalink) Old 08-13-2006, 10:25 PM
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