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An Update to the Car Crisis

capesandwhips added an update to the crisis of the repossessed car early this morning:

Posted on September 11, 2015 by Capes and Whips

I meant to do this last night (Wednesday night) but quite frankly it was late and I was exhausted. And I'm only more exhausted now. People have been amazingly kind and generous and really pulled, so - thank you so so much to everyone for donating and signal boosting. We're honestly kind of painfully alone in trying to survive and in having support to survive so I wasn't holding out much hope, especially once the car got repossessed without warning. However, because the goal which we just hit last night was formulated pre-eviction notice (and thus pre daily late charges, plus a $20 charge for the piece of paper the notice was printed on) and I simply tacked an estimate onto it once the car was repo-ed ... the goal amount is not actually enough. Even if everything transferred over by tomorrow (Friday the 11), there would not be enough in my bank account to get the car back. Whoever the loan holder is working with now is charging a daily storage fee and if we went to get it tomorrow, their part of the amount due would be $510 (that's the actual amount, not what would need to be raised to compensate for processor fees), and if we could somehow rally enough and get it transferred incredibly fast, on Monday the amount to them would be $630. That's on top of the flat amount which is due to the loan holder themselves and which I need to visit the bank to get, since they want a certified check and the storage/repo people want cash. Plus, the car was in need of a fill-up when it was repo-ed (it should be fairly obvious we were focused on trying to make the rent and putting off gas and eating until after we'd secured housing for another month) and we also need to be able to get to the bank, then to the auto loan office, then to wherever the car is being held (which information the auto loan holder will 'not' tell us until after we've paid and they've made phone calls and maybe gone on a lunch break), and then to wherever the license plate and the car's contents are being held, and then back home. Those last two steps can be covered by hitting a gas station (I'm estimating $30 since we may not be able to find our grocery store chain's gas station in that area and b/c we were too busy starving to earn gas points in august) but the first two need transit. And transit that accommodates the fact that it's 100+ degrees outside, the number of stops and the fact that we won't know some of them ahead of time (and that they're liable to be in areas without even what passes for bus service here), and the fact that I, even without a need for solidarity and to keep an eye on untrustworthy loan office people, need to come along because I'm the only one with a working bank account and phone. And I, even before the whole reaching the end stages of starvation thing, couldn't walk as far as the nearest bus stop, tolerate the heat and standing involved, and the walking to get to the actual destinations and other bus stops. Plus the ... not particularly safe areas I'd be doing that in and while carrying a very large cashier's check and a large amount of cash. So, basically, honestly, we probably will also need to be calling a taxi or taxis, especially given that the places involved tend towards limited hours (and also appointments, which we can't make ahead of time because the loan company won't tell us who's actually holding the car) and trying to bus it, besides endangering health and safety and exhausting people who are already worn to the bone, could very well leave us only halfway done with getting the car back by the time everything closes. I'm honestly extremely distraught and agitated now that I've double-checked the math, tried to make an estimate of what to raise the goal to (even knowing that it still won't include continuing food, gas, my minimum credit card payment or the utility bills), and written this all out instead of trying to calm down and/or sleep but - I'll try to hang in just a bit longer and see what happens with this. I'm adding $450 onto the goal, which covers how much more we'd need if we were able to un-repo the car Monday, the cost of the tank of gas it would need, and an estimated $100 (plus payment processor fees on all of it) for taxi costs and to hopefully leave my bank account still technically open, even if only with a few dollars in it. However, even that amount (the size of which really just pushes me back towards wanting to off myself instead of waiting to starve to death and/or get evicted 'next' month and/or have the utilities cut off) still depends on getting the funds donated asap and having them transfer over by Monday. Which ... just does not tend to happen with PayPal, which is the processor for the fundraiser. Venmo (www.venmo.com/capesandwhips) has next day turn around but I know it is also U.S.-only and not as familiar as donating through a donation site or via PayPal directly. So, I'm going to try to calm back down and then try to go to sleep and hope this picks back up and we can somehow make it. Thank you again everyone and fingers crossed.

Visit her YouCaring Fundraiser HERE to help out and donate! Thanks!

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Alternatively, you can donate to capesandwhips Venmo Account HERE (U.S. service only), or through her PayPal access address: [email protected]

#Emergency Help #Repossessed Car

Repossessed cars scam

There have been reports of a new scam circulating involving repossessed cars being reported as stolen. It is not yet clear if insurance companies have caught on to this or even if all of them are aware of it.

During these last few years, drivers and car owners have been left feeling the pinch after inflation soared and the country entered into the worst recession ever in history. The majority of people getting to work or even doing weekly grocery shopping rely on their cars for transport. When many car manufacturers went bankrupt or were taken over by other companies, many people thought that this was the time to snap up a bargain. Whilst many people got a good deal on the motors, many had to take out a loan either with a bank, loan company or car dealer/manufacturer. When many of these new car owners or their partners were made redundant, they couldn’t keep up with the finance loan on the cars, so in turn they were repossessed legally by the financier.

How the scam works for repossessed cars? When the finance company has had enough of excuses and months of defaulted payments, they will send round people from a company that specialises in repossessions (anything from cars to personal items in the home) to recover their loss. When the debtors arrive to take away the car, some cheeky chaps have decided to start the scam where they call the police to report the car was stolen. After receiving the police crime number, the car insurance provider is notified. In this case, the car insurance company should carry out checks to make sure that there is no outstanding finance on it and it costs no more than £5 for this service. Instead, after waiting a while to see if the police find the car, the insurance company pays out for the current value of the car.

What is not clear is if the driver of the vehicle trying to scam the insurers doesn’t work out what happens next? I suppose they could get charged with fraud for trying to get money for a vehicle that isn’t actually theirs to begin with. This is another reason as to why insurance premiums are rising; all of these new fraud scams involving car insurance has a knock on effect. In this case, it means that car insurance companies are losing more money each year to due fraud so have to put up their prices to recover losses. If you suspect anyone of carrying out such scams, then report them as soon as possible as this sort of behaviour is not acceptable.

#repossessed car #scam #fancyacar #fraud