pocahontas1944 wrote:
Under no circumstances deal with this company. We placed our Coach with them with the understanding the payments are guaranteed. The people who had our coach got behind and I contacted Tom Kennedy the owner to get the payments caught up immediately. He gave me the run around for months. Before I could recover our Coach the Bank repo'd it. We now have no coach and owe the bank a ton of money. Thank you. I hope you get to read this before it's to late.
Believe it or not, you are lucky. At least the bank found the rig to repossess it. If they hadn't, they would have sued you for the entire balance. If you have some money, you can usually negotiate a settlement on the deficiency balance However, your credit is now ruined for the next 7 plus years unless you have a very understanding banker and they are willing to remove the repossession in exchange for quick repayment of the deficiency. It is at least worth asking. The moral of the story is there is no one who is going to bail you out of a bad situation and if someone says they will, they are lying and you are only going to go deeper into the hole.
