Wescom Credit

we have a car loan fund Wescom and for the last year, they send us think they have not demonstrated good ins. coverage. then in the same opinion, they offer auto ins. Is not very weapons?
What should we do?
proponents. they offer is more expensive. As we have done business with them for 7 years we think we should be treated better. never in arrears.
Has anyone experienced this predatory and Wescom?

They are not strong arm you. They have a risk of loss if you do not carry the proper safeguards to protect the vehicle.

You'll need to make comprehensive and collision coverage. You may think that the responsibility of any asset is enough, perhaps.

You do not explain what type of coverage you have and the limits, so you may think you are good when in fact you can not meet the requirements of the lender.

Just because you send them your "proof" of insurance, it may still not meet the requirements of the loan.

I would not put with it.

You can not make this .... but credit unions are mutually owned financial institutions. This means that as long as the account holder, if you have some money in a deposit account, you are a co-owner of the fund.

If you think you have been mistreated in the insurance of your relationship with them ...... you as the owner of the institution, should call the president of the Credit Union and tell him you feel abused and ask that they stop sending notice of failure to provide proof of insurance, when you have, in fact, had a lot of confidence.

Yes, they asked my proof ins and I've done 3 loans through them when they ask for proof of my policy expired and my insurance does not automatically send it to them, and of course they have to offer insurance to cover their assets in case you decided not to continue to have ins lol Report Abuse

if u suck and take your 02, also because they are a good company
Cordially
WESCOM CEO Report Abuse

I think if you really have no "right" type of insurance, the credit union has the right to "buy" an insurance policy for you and make you pay for it, and you can be sure it will be much more expensive. The key is, if you do or you do not have adequate insurance for the car. You'd better read your loan documents and get your side for if it needs attention.

This is a contractual requirement to have car insurance if someone else owns your car. Because you will not give them proof of insurance, they offer their supply staff. I bet if you send them proof, as they need, they will leave you alone.

A better question is, why do not you have sent proof of insurance for the car?

Have you wondered what was wrong on your current coverage? Perhaps one of the limits is too high? I would call and see what the problem and ask that you stop sending these statements.

Good luck!