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1.0

This company is legally corrupt. In the year 2015 I got into an auto accident and was only insured with liability.

Nevertheless, my car got sent to an auto shop called ABM Auto Body who then contacted my lienholder which is Flagship Credit Acceptance; without my knowledge and my lienholder made the decision to abandon my vehicle and give over my title without my knowledge. No one made the effort to contact me and inform me of this decision nor inform me of the prices and damages of my car to make that decision and turn my title over. Yet and still, I'm paying for a car not for a car that is not in my possession. I have given this company an estimate of $7,600 for I car I don't have.

I also tried to reach out for the legal documentation as to why they made the decision to abandon my vehicle. This company is unethical and holds me financially liable for a car I no longer obtain.

Reason of review: Return, Exchange or Cancellation Policy.

Monetary Loss: $7620.

Location: 3 Christy Dr # 203, Chadds Ford, PA 19317, USA

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Guest

Why not file a class action lawsuit?

Guest
reply icon Replying to comment of Guest-1314527

There is nothing to sue for. Its a legally binding contract for a loan amount. there are no "Flagship" dealers.

The company can take legal actions for any unpaid balance.

Guest

TYPICAL BLAMEGAME COMPLAINER!

The huge vast majority of complainers of subprime lenders is done by people who bring the consequences upon themselves, then come here to cry and whine over what THEY did! As was pointed out...you were REQUIRED to carry full coverage insurance with the lender as the lie holder.

That stipulation is STANDARD with ALL lenders. As such, YOU defaulted on the contract.

Since that car was security for the loan, they will no doubt sue you for the rest of the contractual amount and then some! You can blame them all you wish and say whatever you want to defame them but the bottom line is YOU defaulted on the contract and now YOU will face the consequences YOU brought upon yourself!!

Guest

When you have an open loan on a vehicle, you're supposed to have full coverage on it so if anything like this happens, the car can be paid off. The cost to fix was probably more then what the car was worth, so they bailed.

If you're still making payments on something you do not have, you need to stop making the payments.

The car is gone, you had no insurance....lesson learned move on. Next car that is financed, get full coverage, and get a loan from a reputable company.

Guest
reply icon Replying to comment of Guest-1312245

Bad advice. The car was just equity towards the loan.

You took out a loan not a car. You should have had full coverage insurance and I am sure it states this in your contract. As for making payment and not having a car, again you took out a loan. Its the same it they would have repoed the car and when they sold it at auction, as all companies do, if there is any deficient balance you are fulling and legally liable for that amount.

The finance company can and will, depending on the amount sue you to obtain a judgement for the unpaid loan balance.

The best advice is to try to make a settlement agreement with them for a lower amount. If they do get a judgement then you will have it on your credit and they can take actions such as levies and garnishments, depending of the state you live in.

Good luck.

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