[Search for users] [Overall Top Noters] [List of all Conferences] [Download this site]

Conference 7.286::dcu

Title:	DCU
Notice:	1996 BoD Election results in 1004
Moderator:	CPEEDY::BRADLEY

Created:	Sat Feb 07 1987
Last Modified:	Fri Jun 06 1997
Last Successful Update:	Fri Jun 06 1997
Number of topics:	1041
Total number of notes:	18759

882.0. "just a little curious" by PCBUOA::SWANEY (Escape is never the safest path) Fri Sep 30 1994 15:49

    
    
    I purchased a car using a DCU AUTO loan this summer.
    The new title arrived at my home a few weeks later
    which I thought odd since the bank usually keeps it 
    I thought. Well a couple of days later the bank sent a 
    letter saying that they hadn't recieved the title yet and if 
    I get it please stop by a DCU and drop it off. So I did.
    a week or so later they send me another letter and tell me 
    to send the registry $25 and have their name put on the title
    also?
    
    is this standard procedure? isn't the fact they have the title enough?
    if not why should I pay the $25 ? if they want the title changed 
    shouldn't they foot the bill?
    
    also they've sent 2 letters already requesting I do this and I still
    haven't? what can they do?
    
    thanks
    Bill

T.R	Title	User	Personal Name	Date	Lines
882.1		WLDBIL::KILGORE	How about those DCU 3Gs!!	`Fri Sep 30 1994 16:18`	8
	Sounds like the dealer screwed up the documentation. They should have listed DCU as a lienholder on the title application, which would put the title in DCU's name and get it sent to them. You probably paid the dealer to get this documentation done. Tell the dealer to do it right.
882.2		WLDBIL::KILGORE	How about those DCU 3Gs!!	`Fri Sep 30 1994 16:20`	6
	BTW... If this was one of those special "pre-approved" loan deals between DCU and the car dealer, tell them to settle it among themselves.
882.3		PCBUOA::SWANEY	Escape is never the safest path	`Sat Oct 01 1994 02:52`	10
	Well I did pay Bernardi's $90 for admin cost which included the title ???special pre-approved? well they preapporved me XXXX amount of dollars ahead of time? Bill
882.4		WLDBIL::KILGORE	How about those DCU 3Gs!!	`Mon Oct 03 1994 09:00`	3
	Bernardi's screwed up. They should eat the cost to make it right.
882.5		AWECIM::WALKER	Eric Walker DTN 225-6550	`Mon Oct 03 1994 09:36`	5
	This happened to me with 128 Mazda. I called them up, spoke to the document prep person, sent her back the title by registered mail, and received confirmation a few days later that a corrected title had been applied for at the resistry. If your sales agreement identified the lienholder, and the checks as well, then there should be no argument - the dealer screwed up.
882.6	Maybe its the Registry	BUMP::HONER	Go Ahead	`Mon Oct 03 1994 10:05`	4
	I recently purchased a car from a dealer. The paperwork was filled out correctly. The problem was the Registry. They screwed up. Ken
882.7		PCBUOA::SWANEY	Escape is never the safest path	`Mon Oct 03 1994 15:24`	9
	thanks, I'll call Bernardi's Bill
882.8		CSC32::J_OPPELT	Oracle-bound	`Mon Oct 03 1994 19:50`	2
	And what if you simply do nothing? What can/will the DCU do? (Assuming you continue to make all your payments on time...)
882.9		NOVA::FISHER	Tay-unned, rey-usted, rey-ady	`Tue Oct 04 1994 08:10`	1
	repo?
882.10		WAYLAY::GORDON	You're not Schmendiman!	`Tue Oct 04 1994 12:53`	4
	Call the loan actually. It's effectively unsecured at this point. --Doug
882.11		CSC32::J_OPPELT	Oracle-bound	`Sat Oct 15 1994 13:01`	4
	re .-1 OK. So then you rewrite the loan and get the title issues corrected at that time.