E-Loan was a pleasure
Written: Dec 19 '00
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My experience with buying a car via E-loan was relatively pleasant. I had tried to get one from PeopleFirst and even with perfect credit, I got rejected flat out (presumably because I was asking for too large a loan in relation to my salary). So, I tried E-Loan for a little bit smaller loan and got approved for a little less than what I asked for, but still plenty to make the deal. The car dealer was cool with the transaction and everything seemed okay.
The only repercussion I'm having is that now I'm getting nasty letters from some company called FDI Collateral Management saying something about needing to "provide evidence that a lien in favor of E-Loan has been perfected" on my new car. Well, the lien is in NationsBank/Bank of America's name and is, consequently, in their hands, because that's who E-Loan used for the loan. I've sent e-mail and left messages for the man listed as my contact at this FDI company asking how to handle this because I have no clue what to do, but have heard nothing and got a second letter yesterday threatening basically to take my car away if I don't do something. So, while my initial dealings with E-loan were ideal, I'm more than a little wound up about this. I really love my new 4Runner (but that's a topic for another Epinion, eh?) and I don't like threats on my possession of her! Grrr!
Anyway, if you're like me and you prefer to deal in a more faceless manner on stuff like this (haggling, embarrassment of rejection, etc.) I do recommend E-Loan.
Recommended:
Yes
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