72 payments at 347.40 is $25012.80, which is roughly a car valued at $18,200 with no trade in, no down payment, ~9% interest loan, and the 6% PA sales tax factored in.

My experience is that banks typically don't like to loan money for 6 years, it's a long duration and a lot can change in 6 years. And if you total the car in a couple years, the bank has nothing to repo which means they have to waste time and money coming after the person's other assets....an all around loss for the bank. This is one of the reasons typical car loans are 1-3 years, with the unusual long loans being up to 5.

Hence, banks typically won't loan that kind of money out without some serious tangible collateral backing it. I would make damned sure your house or other personal vehicles and assets haven't been used as a guarantee for the loan. Where I live, a state title search (which is a royal PITA to obtain sometimes) will show if an asset has been used as backing for a loan of any type. I would see if Ohio has anything similar.

Good luck man, hope you come out of this one better than you went into it.




Cornrow: I'm pretty sure they would just put you away for Attempted Murder First :-)
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dont be surprised too scott if this wasnt a inside job between the thief and car salesman.

down here in south florida we were having peoples credit card info (along with other personal info from fast food joints and stores with skimmers) and they would in turn sell all the info to the scammers. those scammers would in turn give the info to people they knew who worked at other stores who would open up lines of credit and run up the bill within 24 hours before the victim even knew what hit them.

another problem was people taking the elderly info from the mail at nursing homes and using that with people on the inside of banks to open lines of credit or withdraw all the money from savings.

again good luck brother and if you need anything contact me!!!!
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Sorry for your troubles, Scott. Love your upbeat attitude with everything that seems to hit you. Wish I had half of that attitude.
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I hope the thief gets burned for doing this. Good luck!:-)
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Gerard, Lisa signed us up for LifeLock. It was a toss-up between them and Identity Guard. LifeLock is the outfit that ran around with the guy's social security number on the side of the van. I remembered thinking that was pretty cool when I saw it.
I checked all the Consumer Reviews and those two companies were neck and neck. There are four of those types of outfits that are all pretty equal but the top two are the ones I mentioned.
They're about $100-$250 a year, which is a bit painful, but they'll provide us with all the credit reports we need and will monitor our names, address, ssn, everything from here on out.
It can't undo the damage that's been done, but it will halt anything that happend from here on. There's $1,000,000 identity theft insurance included and all sorts of other benefits, too. It's a tremendous service and a real Godsend for us right now.
I can't thank you enough for just mentioning it, it's really gone miles toward putting us at ease. :-)
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So Sorry To Hear This, Scott. Thoughts & Prayers Sent For A Quick Resolution, Brother!:-)
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Sorry to hear Scott, that kinda makes my little compromised CC seem like small fries brother.
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Sorry to hear about that Scott. I hope you and Lisa get it rectified swiftly!
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Scott,

Sorry to hear, glad you caught it though...

Funny thing about lifelong, you can do everything they do for free, it just takes some work......oh, and the founder had his identity stolen after plastering his SSN all over the place




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It's funny you mentioned all this. Lisa crunched the numbers herself while she was at the cop shop. With her excellent credit, the interest would be much lower and a 72 month loan is cake to get around here (and in PA, as well).
We figure our benefactor is driving around in a brand new car valued at right around $20,000 or a little better. That's not a bad day's work.
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Sorry to hear about his Scott. Sounds like Weezy has this locked and loaded. Positive thoughts for a very swift outcome.
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I went and looked up about the LifeLock guy. He had his identity stolen 13 times. :-)
They also got fined $12,000,000 by the FCC for deceptive business practices, and news surfaced that the co-founder once stole his own father's identity in order to get an American Express card, so he resigned.
Honest to God, this world is screwed up.
Fortunately it'll still feed us the info we need in one easy place. Weeze doesn't have time to chase this thing all day every day. It'll allow her to keep an eye on what's happening, so it's still worth the price.
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That is a fact.
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I was thinking on this for a minute.
In my lifetime I've had my truck stolen from my driveway (never recovered), my house robbed twice, my credit card info stolen and used, my credit cards stolen and the theif tried to use them, and I've had my car broken into and robbed twice.
I also had money stolen by a babysitter a number of times until I finally caught her, a friend stole my medication, and one time someone stole my handgun but returned it later and then told me he did it. I also had my safe broken into at my house once.
Now this. I can't count this because it happened to Lisa directly, but we're a unit, so I suppose I can count it.
Those are just the things I could think of right off the top of my head, too. I must be charmed.
Maybe this is the last one. :-)
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Holy crap I thought I had some issues. I hope that everything works out Scott. Sounds like you and Lisa will get this taken care of.
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Scott, hope this service works out for you. My wife (also a Lisa :-)) sounds as tenacious about banking records, paperwork, etc., as your Lisa. Her employer enrolled everyone in Experian

http://www.experian.com/consumer-pro...rotection.html

I don't know much about these kinds of services because up until now, we haven't felt the need to use one.
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The car has probably already been chopped, too. It's not much good to drive around in.
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Today's Update...
It appears that it's not a malicious thing at all.
Somehow the retards at Great Lakes Hyundai, where we bought Lisa's car last February, transposed a bunch of information.
Some lady whose name happens to be Lisa M. Smith bought a car from them recently. My Lisa used to be Lisa L. Smith. We were already married and she has my name, so how these retards managed to transpose all this info and bill us was beyond me until I did some thinking.
(Funny thing is, I was just there today looking at cars, I need a new one.
The other funny thing is that last night I told Lisa that I pretty much guarantee that this problem came from Great Lakes Hyundai.)
Anyways, we realized that we began shopping there BEFORE she changed her name. They took a photocopy of Lisa's licensce for test-drive purposes. Last night we only realized that she had her new license when we bought the car.
So they managed to use my wife's photocopy of her old license from almost a year ago to bill the car to us and make a mess of Lisa's perfect credit.
Guess who will be paying to fix all this?
Now that I realize the extent of stupidity and piss-poor lacsidaisical work performance that's caused us this grief, the good folks at Great Lakes Hyundai are in for a heaping helping of shilala charm. :-)
May God have mercy on them, because I certainly won't. :-)
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Glad you found out the problem, wow what negligence. Let em' have it Scott! :-)
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This is still preliminary, Bill. The lady from PNC bank called and that's how we figured out Great Lakes was where the problem started. We'll have proof of that in the coming days.
In the meantime the bank is fixing their end and sending Lisa an affidavit she has to fill out. The LifeLock thing should allow us to see what's happened to Lisa's credit and make sure nothing else is at play here.
Once I have all the info, then we'll decide together what we do and how bad I hammer Great Lakes. So far it's been a minimal investment of time and money, but we're not paying a dime for their mistakes. We don't mind the time so much because we understand people do make mistakes, but had I ever made an error of this proportion in my career, I'd certainly expect to be looking for a job. I don't want to see someone get fired, but I will insist that I speak to them directly.
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