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Posted in Auto Loans
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Question By
medely

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I WISH TO DISPUTE GM FINACIAL MISSED PAYMENTS.
principle was paid both times and then catchup with total interest missed for two months paid . monies was sent not missed payments.

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Top Contributor
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To dispute any items, you should send your dispute directly to the credit bureau with supporting documentation.  They will contact the creditor and make a determination.  However, based on you inquiry, it would appear that you had missed payments.  When you said "interest missed was paid" would indicate that you sent less then the minimal amount.  When you send a lower amount then agreed upon, it is usually only an interest payment as they take the interest portion directly off the top of any payment and apply the remainder to the principle.   Anytime you send less than the agreed amount, it is a missed payment, even if it was a partial payment.   Always contact the creditor when you need to make adjustments to work it out with them.  If they make agreement, "in writing", then you would be fulfilling your contract and be timely.   If you pay under or pay late on your own without working it out with them, it would be a missed payment.

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