I bought a 2003 Ford Expedition on February 14, 2012 from an individual. My lender sent his lender a check by certified mail for me to buy this vehicle. The check got to the lender holding the title on a Saturday. This lender did not go to the post office to get this letter, thus, it was returned to my lender. My lender overnight FedEx the letter back to Lendmark Financial. Lendmark is holding the title for 15 days and will not release it until March 12, 2012 supposedly due to company policy. By law, I have to have some type of a registration on this vehicle within seven days. How do I register this vehicle without the title? It is now past the 30 days time period and now I will have to pay a penalty to properly register the vehicle I bought. I do not feel that I should be penalized because of somebody else's incompetence, arrogance or stupidity. I feel that my lender has followed the necessary procedures. I have done what I was necessary but Lendmark has deliberately put me in a bind on this vehicle. I can't even drive it without proper registration and now I have a payment due on a vehicle I can't drive.
Consumer Complaints & Reviews
Lendmark Financial told me that they would defer my mortgage payment, and then they started foreclosure on my property. I would never believe anything they say again. Now I'm loosing my home after 15 years, this is the worst company. They are liars. They will have to give an account for what they did.
Lendmark placed a deliquent status on my credit report for 200.00. This amount is what they say I owe after I filed bankruptcy. The bankruptcy was filed in 2000 and discharged in 2005. All amounts were paid. According to bankruptcy law, they cannot add anything negative about this account to my credit report because the bankruptcy law protects me from this. I have tried to explain this to them and I have also spoke with my attorney who stated that I am right they cannot do this. They will not remove this.
I was not allowed to refinance my home because of this account lowering my credit score. Their negative marks have also force me to get higher percentages on other accounts. I am in danger of loosing my home because of them.
