I was alerted from a car owner that her vehicle was towed away even when she has been making her timely payments, she was told her loan was sold from Mitsubishi to another lender but this was not Wells Fargo (to make this clear). She never received any notice of the loan having been transferred out of Mitsubishi Motors and is inquiring as to who the new lien holder is. Now, she has to pay to get her vehicle out of the tow yard! RIDICULOUS!
Which prompted me to do some research and came into this video below. It’s not only homes they are repossessing without any liens, no loan outstanding.
Wells Fargo tows car with no loan
She has proof she has NO NOTE, paid car off
She shows police she has no loan and provides them her “clear” title
Police ignore and proceed to remove her car
It’s not only homes they are taking with no note and “clear” title.
“We’ve been hearing of similar cases in the area” Jesse Jones -K5News
What does Car Insurance and Credit Scores have in common? DISCRIMINATION!
If the government does not step up with a plan to make sure this does not continue, other crisis will begin to brew.
AMERICA will take the roads uninsured because they cannot afford the rates and they still need to get to work and shop for food!
Once our survival instincts kick in nothing else matters but food, clothes and shelter. Get my point?
So this being said and with the high rate of foreclosures out there. Who is going to have stellar credit for car insurance?
The same goes with Employers and Home Insurance!
Enough is Enough…We are suppose to be the Land of The Free not The Controlled and Abused!
THIS NEEDS TO BE EVALUATED IMMEDIATELY! THIS AFFECTS EVERYONE!
Arkansas and Oregon Lead the Way
The attorneys general of Arkansas and Oregon have both filed suits against a leading car insurance company for failing to disclose “adverse actions” taken against customers based on their credit. Five other states have joined them in seeking national clarification on the matter. But this begs the question, “Why would car insurance companies not tell you that your credit was impacting your rates?”
The answer is simple: Every car insurance company treats its customers’ credit differently. A study by Consumer Reports showed a nearly forty percent difference between how two car insurance companies viewed the same bad-credit customer. And that’s two car insurance companies that actually use credit reports – some don’t. In that case, you could save up to forty-seven percent on your car insurance rates!