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I took out a personal loan from Citi Financial (now One Main Financial) 4 1/2 yrs ago. For 4 yrs I paid faithfully every month.

I noticed my balance was not going down much (orig loan was $6k). Due to personal issues I missed 3 payments beginning of the year. I rcvd a civil complaint filed by them & I showed up at the hearing to fight it. While waiting for hearing date - Over the next 5 months I repeatedly asked for copy of my original loan forms payment info..

NEVER rcvd.. At the hearing the lender never showed! And to top it off according to the paperwork my balance is over $6400.. WHAT?!?

How when I was on my final yr of payments. So the Judge ruled in my favor & said I do not owe anything else, .e wiped it clean.

My question is, will the original loan be removed or marked paid on my credit report? How does this judgement in my favor affect my credit?

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Guest

"My question is, will the original loan be removed or marked paid on my credit report?How does this judgement in my favor affect my credit?

Let me get this straight you're happy that you don't have to honor your signature not because they did wrong but because someone couldn't find a piece a paper.

What has happened to America??

Dead beats don't want to pay back money they borrowed and cry about it..

This is why this kind of money is so expensive for people really need it and will do their best to pay if off.

Guest
reply icon Replying to comment of Guest-1395660

Your an idiot

Guest

Same thing is happening to me. My balance has not reduced in years.

Guest
reply icon Replying to comment of Guest-1393718

Anytime you pay late, you run up extra interest and fees.

Guest
reply icon Replying to comment of Guest-1394547

Youโ€™re a *** idiot saying when people pay late the amounts never go down. An amortization calculator should show my balance at $3400 and some change.

Instead they claim I still owe $3600 and some change. Theyโ€™re liars.

Theyโ€™re thiefโ€™s. Walk, donโ€™t run.

Guest
reply icon Replying to comment of Guest-1464435

I canโ€™t believe I fell for this scam company.

Guest
reply icon Replying to comment of Guest-1393718

Wow...it reduces by $10.00 each month.....

Guest

I am refinancing my loan through my jobs credit union. I was always suspicious about my loan from one main bcse statements were very vague.

I even filed a complaint w consumer protection which was pointless bcse I wanted my statement to have detailed info. All it shows is the amount of my loan once it's paid off 5 yrs. I borrowed $9300 and it shows final loan only of $16000. The truth reared it's ugly head when I called for my payoff and now I know why the statement provides no info.

I have paid about $2000 in pmts so far. They gave me a payoff of $2 less then my original loan. Basically its an interest only loan. Once the $7000 in interest is paid then you pay your principal.

There is no way to pay it off early to save $$$. I will that $16k regardless. People who was yapping abt how horrible ppl are w money and how they paid it off early you're still not good w $$$. Now if I refinance I would be giving them $2000 after only having the loan for only 6 months.

This is their scheme. No different then the predatory lending practices that caused our economy to crash.

Guest

I am having the same issues. They are claiming that 80% interest has to be paid up front.

I borrowed about $6k and made a $3k payment to try to pay it off quicker, only to learn that the payoff was more than $6 because my $3k payment went to interest first. I was never told this about the "80/20" rule, and I do not know whose rule it is.

I was led to believe that I could pay off early.

Can someone in the legal arena help start a class action lawsuit?

Guest

You should be able to send a copy of the judgement to the three major credit bureaus with a note that the account should be updated to closed. The credit bureau will contact the business and, if the business cannot show a reason why the account shouldn't be updated, the account will be updated as closed.

Guest

Judge's judgment can be filed with credit bureau's.

Guest

DEPENDING ON STATE LAW FOR YOUR STATE= IF THEY DIDN'T SHOW THE JUDGE MOST LIKELY DISMISSED THE CASE. THEY WILL HAVE THE OPTION TO REFILE AT THEIR EXPENSE IF THEY CHOOSE, UNLESS YOU SHOW PROOF THE LOAN IS PAID IN FULL

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