Consumer complaint received 2025-01-14 00:00:00
Product: Vehicle loan or lease — Lease
Issue: Repossession — Loan balance remaining after the vehicle is repossessed and sold
Company: FORD MOTOR CREDIT CO.
State: MI

Complaint narrative:
Ford motor company had a court hearing today and nothing has changed had made serval reports on here and nothing has changed. At this time this debt is well over seven years old yet they still keep paying the court and judges to rule in there favor, they failed to nofity me of the tax holding this year and last year; is there no such thing as a time statue?? They said in court they are charging a 1.7 intrest rate and can charge more how and why, why am i being charged and having to pay interest on a car loan that is over eight years. 


I got no real answers to when they will stop taking my taxes? This is causing actual damage, hardship, I am XXXX on XXXX why do they get to keep taking my taxing for years and the price is not going down??? Why are they charing intrest on a debt that is eight years old? how are they allowed to charge intrest on a debt that is eight years old? How long can they keep taxing my taxes they said forever today is court this doesnt seem legal. Why is the still on my credit reports as a charge off and it is over seven years? I am not i agreement of this debt, How much was the car sold for in when? It was over eight years ago, it was sold under market value, the car was brand new, this need to be removed completely from my credit report, this is harrasement I get calls daily for car insurance, for this car because they way the debt is being reported. 


What happened to all the packages I had on the car and paid for, Ive received nothing and they keep taking my taxes nothing is going towards the cost of the debt, cant get on a payment plan and was informed attend court could hurt and stretch the debt out for more years to come, it is a lose, lost situation this is a unfair and illegal practice, this needs to be removed from credit and they need to stop taking my taxes, they sold the car, and got paid by gap, paid by the lost department and still coming after me ten years later they had got the money back and have took no loses at this point, only me when will it stop, there are severals reports and law suits agaist this company and there practices, they are overly aggresive practices, i have reported the non stops calls when I had the lease and the car was stolen, they purposy send mail to the wrong addresses, they didnt ever give me a change to get the lease back or tell me where it would be auctioned at, all the rebates, az plan, tire package, Gap, and other things i had never recieved anything or the correct charges, nothing is owed at this time, yet they said the debt can last forever and they is thngs they can keep doing to keep making the debt last stick forever and keep taking my taxing, what can be done to stop this debt, stop the intrest from accruing on a debt that well over time staute. At some point this has to stop I will not stop trying i know this is illegal no way they can just do whatever they what charge whatever, making your life a living XXXX for your whole life and take your taxes for your whole there has to be a end point there has to be a stoping point, my questions never get answered, they know it is a risk and are insured why keep taking my money for years on end. CFPB what can I do to stop this

Company response to consumer: Closed with explanation