A certain finance company

[Maha]

Some of you may remember the crap handed out to me by a Finance Company I was financing a couple of years ago? Had to do with a final settlement payment I asked for and got, I payed it and then they want a $3.5+ more about a month later?
Well they contacted me yesterday (and the day day before but I ignored them) so I rang then back.
It has something to do with my account (which no longer exsists) so off I went and started my whole story all over again with someone who knew nothing of it. I thought, fuck here we go again!
But no, seems I have overpaid them by a large sum of money and they want to pay it back!!!!
I just need proof of payment by way my bank statements of a few months in 08'.
They now have those statements.....
Shall wait and see.....:yes:

[Mully]

If it's the Certain Finance Company I think it is, don't hold your breath waiting for them to process it.

[Maha]

If it's the Certain Finance Company I think it is, don't hold your breath waiting for them to process it.

I had such a shit time with trying to get this all sorted two years ago...
The people involved then are (I think) no longer with the company.

They (at the time) denied knowledge of my request for a settlement figure. My phone records showed I had indeed called them when I said I did, but they had no records to match. Seems I never called them, ever!

This new person seems ligit and concerned abotu the whole thing and the amount is substantial, which Anne and I always suspected.

Like I said, I shall wait and see.

[MSTRS]

So there *might* be a new bike in your shed soon?

[Maha]

So there *might* be a new bike in your shed soon?

I said substantial not horrendous.....:rolleyes:

No, no new bike.

[sinfull]

I said substantial not horrendous.....:rolleyes:

No, no new bike.
New paint job perhaps ?

[MSTRS]

:(:weep:
Go on - you know know you want to

[Maha]

New paint job perhaps ?

Probably, but Mom will more than likely tell me to pull my head in.
I wont rest easy about it till the money is in my bank, until then, my fingers and everything else that can be crossed, is!

[Mully]

I had such a shit time with trying to get this all sorted two years ago...
The people involved then are (I think) no longer with the company.

They (at the time) denied knowledge of my request for a settlement figure. My phone records showed I had indeed called them when I said I did, but they had no records to match. Seems I never called them, ever!

This new person seems ligit and concerned abotu the whole thing and the amount is substantial, which Anne and I always suspected.

Like I said, I shall wait and see.

Oh bless. You poor little scamp.....

They managed to loose $10k that Mrs Mully had put in their bank - then sent abusive letters saying it was overdue.

She got a bank statement and took it to their office as proof - Rang the guy she had given it to an hour later and he denied ever seeing her. It took weeks for them to find the money ("Oh look, there it is. In our fucking bank account") and then they tried to charge her interest (for the time they'd lost it) and penalties (for it being overdue).

We refuse to use "A Certain Finance Company" (tm) now.

[Maha]

I wont ever need them again, I only returned the call to say ''dont fuckin ring me again''.
The settlement figure I asked for and was told and then paid into thier settlement account, was apparently not banked at all, and was simply put onto my account.

Two years down the track, new people at the helm and it seems there might have been some anomaly funds directing going on.

[Mully]

Two years down the track, new people at the helm and it seems there might have been some anomaly funds directing going on.

What was their interest rate to you? Tell them you want 15% interest for two years (compounded daily) on your money.

(If that works, I want commission)

[fire eyes]

thats great news maha .. hope it all works out!

[Maha]

:(:weep:
Go on - you know know you want to

Na na, but if it turns out for the best, there may be a road trip slipped in before winter, if you know what I mean.

[MSTRS]

And there may be a warm welcome available

[yungatart]

Fingers crossed for you, Maha. I do hope it all pans out.....

[Maha]

Fingers crossed for you, Maha. I do hope it all pans out.....

Me too, I may even spring for pizzas in the Bay......:Punk:

[yungatart]

Well, if you will spring for pizzas as well, then I will even cross my legs too...if you know what I mean....

[Mom]

Me too, I may even spring for pizzas in the Bay......:Punk:

Will you re-register the BB too so I can ride? Well maybe not, but perhaps I can wing it?


Well, if you will spring for pizzas as well, then I will even cross my legs too...if you know what I mean....

Dont cross your legs Tarty, spring for wine.

Seems we have the proof that the original caller wanted. No breath holding here for now, but OMG the compensation wheels are spinning and calculating :blip:

[Maha]

Seems as though the money I paid into my then account with this company was not logged against my account.
It was the money I got for my YZF600 back in 06'.
What that money could do for shoulders right about now!

[yungatart]

Will you re-register the BB too so I can ride? Well maybe not, but perhaps I can wing it?



Dont cross your legs Tarty, spring for wine.

Seems we have the proof that the original caller wanted. No breath holding here for now, but OMG the compensation wheels are spinning and calculating :blip:
That goes without saying.....
If it all pans out, you must get BB regoed too!
If all you get out of it is a trip to ours, wine, pizzas and a rego, its still a bonus!

[Maha]

That goes without saying.....
If it all pans out, you must get BB regoed too!
If all you get out of it is a trip to ours, wine, pizzas and a rego, its still a bonus!

Doubt it, it want the money honey....:shifty:
Yes BB will be current in time, may even spring for a new battery?
Its as dead as a dead thing when it it really really dead.

We have the proof they asked for, the exact amount they want to pay is what was paid out to them in 06'.
The only thing that will hold up proceedings is how long they want to drag it our for?

[yungatart]

Can you charge them interest for use of moneys?
Or, can you threaten to charge it....?

[Bald Eagle]

Some of you may remember the crap handed out to me by a Finance Company I was financing a couple of years ago? Had to do with a final settlement payment I asked for and got, I payed it and then they want a $3.5+ more about a month later?
Well they contacted me yesterday (and the day day before but I ignored them) so I rang then back.
It has something to do with my account (which no longer exsists) so off I went and started my whole story all over again with someone who knew nothing of it. I thought, fuck here we go again!
But no, seems I have overpaid them by a large sum of money and they want to pay it back!!!!
I just need proof of payment by way my bank statements of a few months in 08'.
They now have those statements.....
Shall wait and see.....:yes:

When you have the money in your hand can we be put out of our curiosity as to which of the leech businesses it is

[Maha]

Can you charge them interest for use of moneys?
Or, can you threaten to charge it....?

That very scenario was raised yesterday, the interest I was paying for probably three years?
But I will be happy with however much comes my way, the figure they are talking about is will probably stagger you (if you dont already know that is)
The other thing is, what happened with this first lot of money also happened when I sold the Triumph.

[Maha]

When you have the money in your hand can we be put out of our curiosity as to which of the leech businesses it is

More than likely, I swore that I would never have anything to do this company (and I wont) once I paid my account out in full two years ago or so.
They were very good to me when I first started dealing with them, but It got nasty when I wanted to settle my account.

[yungatart]

That very scenario was raised yesterday, the interest I was paying for probably three years?
But I will be happy with however much comes my way, the figure they are talking about is will probably stagger you (if you dont already know that is)
The other thing is, what happened with this first lot of money also happened when I sold the Triumph.

I have no idea of the amount you are talking of, but, it looks as though it may be twice that, huh? Looks like you are worth knowing after all, darling.....

[Maha]

You dont have to bat ya eye-lids at me......:love:

[chanceyy]

Fingers crossed it is settled quickly :yes:

[JimO]

When you have the money in your hand can we be put out of our curiosity as to which of the leech businesses it is

the initials G and F come to mind

[ynot slow]

the initials G and F come to mind

Grande Fuckers me thinks.And when you've finished paying the loan,on time but they say you owe another 2 payments,wtf last I looked a 12 month contract was for 12 monthly payments,not 14,and demand you pay,then realise oooops we fucked up,no apology or explanation,they offer you access to finance should you want it.

[yungatart]

That's a shit load of cash Maha!
i can't eat that many pizzas......
F***en bastards! I wonder how many others have been ripped off the same way....

[Maha]

It is alot of money yes, I am staggered (yet very pleased) that they have dicovered this mistake and are prepeared to right the wrong.

[MadDuck]

i can't eat that many pizzas......

Bet you can!

[Bikemad]

i cant believe what im readin............a finance company..... giving someone their money back.........wtf...........unheard of in recent times.........oh hang on..........its gotta be a wind up.....good one Maha...........ya had us goin there for a while mate

[piston broke]

hmmm,
sounds like bbeers at your place soon eh?
:psst:will it also be a bb bburning bbash?:stoogie:

[Maha]

Bet you can!
Its the after effects that worry me.

i cant believe what im readin............a finance company..... giving someone their money back.........wtf...........unheard of in recent times.........oh hang on..........its gotta be a wind up.....good one Maha...........ya had us goin there for a while mate
I'll believe it myself when the bank balance looks like its loved.

hmmm,
sounds like bbeers at your place soon eh?
:psst:will it also be a bb bburning bbash?:stoogie:
More than likely PB, good to see ya the other day, cool to see ya posting again!

[yungatart]

Bet you can!
Probably true...but it could take a while!


Its the after effects that worry me.



Roses, mate, roses :yes:

[Maha]

Well blow my cone, I just got off the phone with the Finance Company after reading the email they sent through today.
They wanted my postal address!

Yes indeed, the cheque will be posted out in 2-3 weeks, hell I can wait that long.

[The Stranger]

If it's the Certain Finance Company I think it is, don't hold your breath waiting for them to process it.

They're based in Nigeria, I'm sure it's all kosha.

[Mom]

Can you charge them interest for use of moneys?
Or, can you threaten to charge it....?

I did some sums yesterday Tart. Um, they have effectively charged Maha interest for borrowing his own money back. SO, not only has he borrowed his own money back at usury rates, but he has not received one red cent in positive interest from this finance company for the use of his money.

SO, he needs to be re-imbursed for the interest they charged him to borrow his own money, then, they need to pay him for the interest they should have if he had invested with them. The refund is paltry by comparison. Lets just see the colour of the money forst. But there will be no threats, they simply will have to pay.

We attempted to get Fair Go on board over the settlement debacle. I talked to the finance company this time when they first came to us about it, she said to me, lets just get this one issue sorted out, then we can investigate the settlement. I am watching this space carefully, but put it this way, it is not over by a long shot.

[yungatart]

You go, girl!
That is just heinous...how dare they? And, how many others have they done it to?
Don't let it rest...go international if you have to :whistle:

[Maha]

The Money turned up today, a big fat $7,000 cheque will be banked this very afternoon.....:wari:

They demanded the amount I got for my Yamaha when I sold it, and I paid them $7,000 in May of 2006. That money was never credited against my borrowings.

It is now termed as an Over Payment.

[yungatart]

Fantastic, Mark! That will be a godsend for you guys ATM...
Now to get the interest....

[Maha]

Already talked about.....:shifty:
Four years of interest?...mmmmmmmmm :yes:

Im very happy with the money received so far but will take advice of further proceedings.

[chanceyy]

congrats mark finally some awesome news .. yes 4 yrs of interest at their rate or higher .. another nice sum will be expected :)

[Maha]

I was on a higher rate than normal.

[Mom]

I love the wording of the letter tha came with the cheque.

"We are pleased to enclose a refund cheque of $7000.00 for reimbursement of the credit balance made on your loan account" It goes on to thank mark for his custom and emplor him to borrow more money.

What actually fires me up is the fact that effectively Mark was made to borrow his own money at 28.75%! Now I need to sit and do some maths here but, the next loan he had with them was two years in duration, so $7000 x 28.75% x 2years = ??????? OH, and of course had Mark actually invested that money with GE he would be entitled to whatever the going rate of interest was on an investment with them. Lets see $7000 x 7% x 4 years = ????????

Pay they will :yes:

[Mully]

the next loan he had with them was two years in duration, so $7000 x 28.75% x 2years = ??????

Pro tip; Compound the interest daily when you're calculating the amount.

Oh, and gizza loan, Annie.....

[EJK]

If skidmark hears about this he'll shit brix

[jim.cox]

Pay they will :yes:

Holding my breath I'm not

Good luck with stage II of the recovery

[Maha]

If skidmark hears about this he'll shit brix

He has millions though dont he?

[Mom]

Pro tip; Compound the interest daily when you're calculating the amount.

Oh, and gizza loan, Annie.....

Oh for sure, for sure Mully, infact every dirty trick they played on Maha will have to be factored in, compilsory loan protection insurance premiums, life insurance premiums etc, etc, he did not actually have to borrow any money when he sold the Yammy - utter wankers.


Holding my breath I'm not

Good luck with stage II of the recovery

Thanks, and no breath holding required. I have a sneaky suspicion that they will listen to a reasonable request for compensation from Maha given the back ground that I suspect warrented the audit that picked this up. Lets just say I have a very suspicious mind and the woman from GE I spoke to about my suspicions told me to hold off going further with my concerns until this issue was resolved.

That plus the fact that FairGo were in the loop when Maha originally had issues with GE 2 years ago, they will be very interested in the fact that after demanding MORE money in settlement of his loan than the figure they had quoted and he had paid, they actually had $7K of his money for 4 years interest free while charging him more than market rate to borrow his own money.

What is it about revenge - best served cold :D

[Edbear]

Oh for sure, for sure Mully, infact every dirty trick they played on Maha will have to be factored in, compilsory loan protection insurance premiums, life insurance premiums etc, etc, he did not actually have to borrow any money when he sold the Yammy - utter wankers.

Thanks, and no breath holding required. I have a sneaky suspicion that they will listen to a reasonable request for compensation from Maha given the back ground that I suspect warrented the audit that picked this up. Lets just say I have a very suspicious mind and the woman from GE I spoke to about my suspicions told me to hold off going further with my concerns until this issue was resolved.

That plus the fact that FairGo were in the loop when Maha originally had issues with GE 2 years ago, they will be very interested in the fact that after demanding MORE money in settlement of his loan than the figure they had quoted and he had paid, they actually had $7K of his money for 4 years interest free while charging him more than market rate to borrow his own money.

What is it about revenge - best served cold :D

Remind me to stay on Mom's good side... :innocent:

[Max Preload]

The Money turned up today, a big fat $7,000 cheque will be banked this very afternoon.....:wari:

They demanded the amount I got for my Yamaha when I sold it, and I paid them $7,000 in May of 2006. That money was never credited against my borrowings.

It is now termed as an Over Payment.

I can't believe you paid the second time! :gob:

Want to borrow some money from me? :shifty:

[Maha]

I can't believe you paid the second time! :gob:

Want to borrow some money from me? :shifty:

The initial loan was taken out in 04'...I kept wanting to upgrade my bikes and they wanted the money from each sale to go onto my loan, three bikes later and a settelment figure was metioned, I paid that...it gets complicated from here on suffice to say, im pretty happy with the outcome so far. And no, I need not borrow money any more from anyone.

[MSTRS]

And no, I need not borrow money any more from anyone.

Go on...where's your sense of adventure?

[crazyhorse]

Some of you may remember the crap handed out to me by a Finance Company I was financing a couple of years ago? Had to do with a final settlement payment I asked for and got, I payed it and then they want a $3.5+ more about a month later?
Well they contacted me yesterday (and the day day before but I ignored them) so I rang then back.
It has something to do with my account (which no longer exsists) so off I went and started my whole story all over again with someone who knew nothing of it. I thought, fuck here we go again!
But no, seems I have overpaid them by a large sum of money and they want to pay it back!!!!
I just need proof of payment by way my bank statements of a few months in 08'.
They now have those statements.....
Shall wait and see.....:yes:

All the best for the result :yes:

[HenryDorsetCase]

Oh bless. You poor little scamp.....

They managed to loose $10k that Mrs Mully had put in their bank - then sent abusive letters saying it was overdue.

She got a bank statement and took it to their office as proof - Rang the guy she had given it to an hour later and he denied ever seeing her. It took weeks for them to find the money ("Oh look, there it is. In our fucking bank account") and then they tried to charge her interest (for the time they'd lost it) and penalties (for it being overdue).

We refuse to use "A Certain Finance Company" (tm) now.

This is GE Finance, correct?

Never EVER ring them. EMAIL or write them a proper letter. I get responses because I use my work letterhead and am writing about client matters. I am well past using a finance company for anything.

[HenryDorsetCase]

I love the wording of the letter tha came with the cheque.

"We are pleased to enclose a refund cheque of $7000.00 for reimbursement of the credit balance made on your loan account" It goes on to thank mark for his custom and emplor him to borrow more money.

What actually fires me up is the fact that effectively Mark was made to borrow his own money at 28.75%! Now I need to sit and do some maths here but, the next loan he had with them was two years in duration, so $7000 x 28.75% x 2years = ??????? OH, and of course had Mark actually invested that money with GE he would be entitled to whatever the going rate of interest was on an investment with them. Lets see $7000 x 7% x 4 years = ????????

Pay they will :yes:

Thats the spirit. Plus you are within the expanded disputes tribunal limits. So if they dont, trot off to the DT, get an order, when they dont comply, then you can conceivably wind up GE Finance. And not giving him interest on HIS money while they had it is appalling. Even the Judicature Act rate (from memory 9% currently: anyone know?) would be better than nothing.

[Maha]

All the best for the result :yes:

Result is in! (the bank that is):Punk:

This is GE Finance, correct?

Never EVER ring them. EMAIL or write them a proper letter. I get responses because I use my work letterhead and am writing about client matters. I am well past using a finance company for anything.

Yes GE. :yes:

[Max Preload]

Lets see $7000 x 7% x 4 years = ????????

Calculated daily, credited monthly, compounding... about $2250.

[crazyhorse]

Result is in! (the bank that is):Punk:


Yes GE. :yes:


Yaaay - it's your shout...........:rockon:

[Mom]

This is GE Finance, correct?

Never EVER ring them. EMAIL or write them a proper letter. I get responses because I use my work letterhead and am writing about client matters. I am well past using a finance company for anything.

Funny you should say that, I have a raft of copied emails and letters we wrote to GE 2 years ago, they dont go away really. Yeah, like I said I think they will be in a hurry to settle to stop us going to the media as I doubt we are the only ones afected by certain things at a certain branch. May pick your brains as we go along though if you are open to that of course.


Calculated daily, credited monthly, compounding... about $2250.

Calculated daily, credited fortnightly, compounding... about $5200.

How about calculated daily, paid weekly :D OH yeah! These guys are the master of making money out of their clients.

[Max Preload]

I made a mistake on that second one and deleted it when I realised. It actually makes negligible difference.

[Mom]

Yaaay - it's your shout...........:rockon:

I got some new sheepskin slippers today...

They are soft and fluffy and very warm :love:

[Mully]

This is GE Finance, correct?

Never EVER ring them. EMAIL or write them a proper letter. I get responses because I use my work letterhead and am writing about client matters. I am well past using a finance company for anything.

Yes, well we know that now.

It's quite fortunate that Mrs Mully works for a large media organisation. Sending an e-mail from her work account works wonders (with a lot of people)

[crazyhorse]

I got some new sheepskin slippers today...

They are soft and fluffy and very warm :love:

The penny has just dropped! I hope Maha will do more than just buy you warm fluffy slippers :innocent: Tis definitely good news alright. I like hearing things like this - goes to show there are still some honest folk in the work place :wari:

[Tink]

I had a nightmare time with GE.... NEVER EVER EVER again. They are poisenous (sp).... saving your pennies if ya can is much safer.. ! :)

[Mom]

Yes, well we know that now.

It's quite fortunate that Mrs Mully works for a large media organisation. Sending an e-mail from her work account works wonders (with a lot of people)

OH I forgot that :doh: