Navigation top

BayHouse Real Estate, Finance, Credit and FICO Credit Scoring
 BayHouse HOMEFAQ Services Forum
Credit Reports   CreditFactors   Credit Cards    Recommend this page

Left Navigation Bar

Credit
CCCS & Debt Negotiators
Credit after Bankruptcy
Mortgage Credit
AirTel Cellular Extortion

Credit Reports

CreditFactors  Resource & Reference Forum

FICO Credit Scoring
FICO Credit Scoring
FICO is FRAUD!
FICO Score Factor Codes
Fair Isaac NextGen Score Factor Codes
Increasing your Scores
Pesonalized Recommendations

CreditFactors Resource & Reference Forum
Mortgage
Shopping for a Loan
PURCHASE Quote Request
REFI Quote Request
A Wholesale Rate Sheet

Real Estate
Commissions
Lease Options
Auctions
Expensive Mistakes

Special Reports
Transamerica's $15K "Error"

My 2001 law suit against ARM Computer

GTE Wireless Billing FRAUD

Real Estate and Mortgage Definitions and Organizations

1996 BayHouse Moron of the Year

BayHouse Services

"About me"

Privacy Policy
Search


Copyright 1995 - 2005
All rights reserved.
Christine Baker
BayHouse.com

 

 

Transamerica Financial Services Accounting Records

In her letter dated January 25, 1995, Cynthia Long, Attorney for Transamerica, states:

"As for your concern regarding the legibility of the accounting statement, you were provided with a copy of the accounting record maintained in the ordinary course of business by Transamerica Financial Services."

Transamerica Accounting page 1

Transamerica Accounting page 2

Transamerica Accounting page 3

On May 1, 1995 we finally received a letter from Gerald Lax, Senior Counsel, admitting to a $15,096.90 error.

    "The branch made an error and did not give you full credit for this principal reduction upon the close of the sale."

He included this Procedures Department - Recasting Worksheet

Transamerica Recast Statement

We never got an accounting statement for the entire loan.

The worksheet starts with $9,415.93 accrued on 9/22/93. That number jumps to $15,709.11 on 12/1/93. On 3/17/94 we have 2 transactions, and mysteriously the accrued figure changes from $20,272.23 to $11,763.25.

I have no clue what they are doing. I believe, they also have no clue. Gerald Lax:

    "If the past due payments set forth above are paid on or about May 1, 1995, they will be applied first to unpaid and accrued interest, which would leave a total of approximately $11,500.00 in unpaid and accrued interest provided these payments are paid within the next several days."

      Approximately?

If the past due payments are paid, how could there be $11,500 in unpaid and accrued interest?

What do YOU think about the Transamerica Accounting Standards?

Can anyone figure out how Transamerica came up with their figures?  Please POST! 

Navigation bottom

Top of Page   Recommend this pageCredit Reports   CreditFactors   Credit Cards
 BayHouse HOMEFAQ Services Forum