APS and SST Companies –Auto Loan Company went bankrupt (Peak 5) . Now what?

Wednesday, January 28th, 2009 at 03:37

Lito asked:

I have an auto loan through a company called Peak 5. I found out this evening that the company has gone out of business. I wasn't notified in any way...i only happened to find out because i attempted to call them to get a balance on the remainder of the loan.

After some digging, i found out there are two companies supposedly taking over some (but not all) of the loans - SST and APS.

I honestly don't know what to do. I feel like i should attempt to contact these companies, but yet i don't want to give all my account info to a company i have never heard of, and get scammed.

So....

Where do i go from here? I have been told i should just wait until i am contacted by whatever company picks up my loan. However, my payment is due in early August. i am close to paying the car off, and don't want to have any late fees slapped on... OR (God forbid) a visit from the repo man.

Advice please.

Reply:

If you got this loan through a dealer, call them up, and ask them, where you should send your payment. I googled it and found this site, which may have some info for you.
http://www.complaintsboard.com/complaint…

Finance your car here onsite if you need help buying one of these beauties :)