Santander Consumer USA Hurt My Credit

Santander Consumer USA Hurt My Credit

They gave me a loan in 2019 in which put me at high rick for failure. Had a very high interest rate, and did not require income verification. I had a 550 credit score and got a $40,000 vehicle loan through them. I defaulted on the payments due to cover 19 and the repossessed my truck. Now I am going to loss my income again because it is a major work nessecessity for me. I live in Colorado however so I need to know how to fight them as IM not on the list for the class action lawsuit.

What would you like the company to do to fix the problem?
Deficiency Waivers: Santander is required to forgive the remaining balance on certain loans. Santander will also request that the loans be removed from consumers’ credit reports. As with Restitution, consumers who qualify for this relief will have to have a certain internal score. Consumers will NOT know their own internal score. Consumers who qualify for this relief will receive notice. We will update this website when we know of an anticipated timeline for said notice. At a minimum, to qualify for this relief, you must meet the following:

a. You got your loan between January 1, 2013 and December 31, 2019; and

b. Your car was repossessed or your account was charged off by Santander within the first 12 months after you got the loan. Making a late payment or missing payments does not qualify you for a Deficiency Waiver; and

c. You had a certain internal score. Consumers will NOT know their own internal score. Additionally, states do not know consumers’ internal scores.

Submitted by: Anonymous in Colorado | Read more Santander Consumer USA complaints


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