Fireside Bank Settlement Checks to Be Sent September 11
Fireside Bank Settlement Class Members who paid money to Fireside after their cars were repossessed were scheduled to receive refund checks next week. However, as I mentioned in my last post, Fireside had not provided accurate records of payments it collected in 2009. Less than three weeks ago, Fireside finally provided new collection information to the Settlement Administrator regarding Settlement Class Members' 2009 payments. The Settlement Administrator had to input and process that new information. As a result, settlement checks will be delayed for two weeks. They are now scheduled to be mailed on September 11.
This delay does not affect Fireside's obligation to instruct the credit reporting agencies to delete Fireside's tradeline, regardless of whether you paid money to Fireside after your vehicle was repossessed. Nor does this affect Fireside's obligation to reduce the amount you owe to Fireside to zero. Fireside was required to take those steps by August 8, 2009.
Check your credit report in mid-September or so to be sure Fireside's tradeline has been deleted from your credit report. If you need help with a credit problem due to Fireside's tradeline remaining on your credit report, you can call me at 415-861-2265 or email me at carol@kaboblaw.com.
