payoff deceiption

[05modracer]

Looking for a avenue to take. I traded in my motorcycle to a dealer for a new one. The dealer listed the payoff at $3350, the actuall payoff was $600more. When I called the dealer, he told me that $3350 was the amount the loan company gave them. The loan company said the dealer asked for the amount that would release the lein not the payoff. now their telling me I'm responsible for the $600 that the dealer didn't pay. The dealer also has the title in hand. If anyone has any options they would be greatly appreciated Thanks for your time

 

[Theresagail]

The Loan Company is NUTS. You are still responsible until that loan is a zero balance but I would be talking to the CEO ASAP about them giving a incorrect pay off and releasing the title leaving you with a 600.00 signature loan, That is really messed up, they should have been looking out for your interest as well as there's when they gave that pay off to the dealer