“The car was flagged for repossession by the credit union because her payments were short by 66 cents each month.”
Lakeland, FL – 19 May 2020 – A $3B in asset sized Florida Credit Union received undesired national press attention this week for repossessing a nurse’s car after offering her a loan modification and reneging after discovering that her loan was late as the result of a $0.66 shortage in monthly payments over several months.
Repossess – Repossession – Repossession Agency – Repossessor
More Stories
Gunman Kills One in Rampage over $2,556 Citibank Credit Card Debt
NCUA Plans $4.3 Million AI Push to Detect Fraud
Fake Loans and Dead Members’ Accounts: NCUA Bans Two Former Credit Union Employees
CCUCC Honors Industry Leaders at Record-Setting Anaheim Conference
Stupid Stuff Fraudsters Buy: The $250 Million Pool Shark
Ally Keeps Growing as Auto Loan Delinquencies and Losses Edge Higher