PHILADELPHIA – A finance company is seeking to recoup outstanding payments from the purchase of a Nissan Maxima automobile, an agreement which they say went into default last year.
Hann Financial Services Corporation of Jamesburg, N.J. filed suit in the Philadelphia County Court of Common Pleas on July 20 versus Cheryl Wells, of Philadelphia.
On or about Oct. 18, 2014, the defendant sought to finance the purchase of a 2011 Nissan Maxima. After the execution of a contract, the loan was assigned to Susquehanna Bank – who received installment payments on the vehicle prior to its merger with BB&T Bank, who succeeded Susquehanna Bank as the recipient for said payments.
According to the terms of the contract, the defendant was slated to pay $475.45 per month for 71 months, then a final payment of $4,780.00 by Nov. 2, 2020. The defendant made the final payment on the vehicle on April 12, 2016, then failed to make any subsequent payments, leading to default and repossession of the vehicle on June 9, 2016.
“Plaintiff incurred costs totaling $1,979.16 to repossess, advertise, store, transport, repair and sell the vehicle. Based upon defendant’s default on the contract, there was a total due of $29,134.81 on the loan. On or about Oct. 24, 2016, the vehicle was sued for $9,000.00, thereby reducing the balance owed to $20,134.81. On or about Nov. 2, 2016, plaintiff sent the notice of deficiency to the defendant, which notice gave defendant the breakdown of the total balance due after credits were applied. Although demand was made upon defendant to pay the sum of $20,134.81, defendant failed to pay all or any part thereof,” the suit said.
For default and breach of contract, the plaintiff is seeking damages of $20,134.81, plus costs of the action.
The plaintiff is represented by Derek C. Blasker and Andrew Sklar of Sklar Law, in Voorhees, N.J.
Philadelphia County Court of Common Pleas case 170701969
From the Pennsylvania Record: Reach Courts Reporter Nicholas Malfitano at email@example.com