American General Finance - Springleaf showed up at my house to demand payment when my loan was only 13 days late
We financed our car with American General, which is now Springleaf Auto Finance. My payment is due the 27th of each month.
Since I am a teacher and only get paid the last day of each month, my payment is always a few days late. The day I paid my bills this month, I could not contact anyone at Springleaf (phone would ring then go to a busy signal), so I hadn't paid them yet but was planning on doing so in the next couple of days. Yesterday, a representative from Springleaf came by my house demanding payment and gave us a letter saying the car would be repossessed if payment wasn't received by the 19th. Bear in mind, this payment was only 13 days late!
I have never heard of such a thing.
Is it even legal to repo a car that is less than 30 days late? We made a payment, but I strongly urge others to NOT do business with these loan sharks!
Product or Service Mentioned: American General Finance Loan.