CNH Capital problems AGAIN (A Warning to All)

[thcri]

On the two tractors that I bought through New Holland Credit I had no problems. Everything went like clock work.


murph

 

[rayh76]

On the two tractors that I bought through New Holland Credit I had no problems. Everything went like clock work.


murph

Murph, I hope you are right. I just received my first bill and my payment will be in the mail tomorrow. Did you ever try to use Online Bill pay? Seems like this could be the issue. I wrote a check this first time but would like to switch to online bill pay soon. Stamps are getting expensive!

 

[RollingsFarms]

1. This thread is about CNH Capital, not their tractors.
2. There are LOTS of people who borrowed from CNH and had NO problems, ever, with payments. I'm one of them. From the first payment until I paid the loan off early, I had ZERO issues.

If you'd not consider NH because of one thread on TBN by one person who had problems......

the company's immage reflects the tractors overall image. im not buying a tractor that its going to be a hassle every month to pay for. from what i understand, several people have experienced issues with CNH payment downfalls not just one. read back through the thread and you will see. i belive they dont even have a way to pay online like most other major companies of today do. would make things alot easier as snail mail is slowly becoming redicoulous to send($$$$).

 

[dynasim]

"I believe" are the operative words. You don't "know".

It is interesting that people who own others company's tractors, and who don't have any first hand experience with an issue, will summarize and conclude based upon scant evidence.

There was clearly an issue, but whether the systematic issue has been worked out has not been determined. I have a large family who has purchased several items through cnh, and have been happy with the service. I have asked.

I don't have time to question whether cnh has online bill paying capability, but to make such a statement, one ought to have direct proof. Anything else is just making up brand bashing for the sake of your tractor comapny. I don't have the time or interest to look it up.

It is good to know that there is a creditor in this country who has handled its creditees perfectly, everytime. That is what you are implying about your company with your "information".

My FIL has devices from the perfect one. The company, and the devices, are not nearly perfect.

Chris

 

[MikePA]

would make things alot easier as snail mail is slowly becoming redicoulous to send($$$$).

Oh come on, 37 cents once a month is going to be a deal breaker? Jeez.

There are some bills I will not pay via online banking, and I've been using online banking since Managing Your Money came out well over 10 years ago. I also used CheckFree when it first came out. Car payments, tractor payments are 2 examples. Nor will I allow companies to automatically pull money out of my checking account unless it's a local company, e.g., my credit union, where I can go visit them if there are issues.

Any company can have payment problems. As I, and others have stated, I never had a problem sending in the coupon and a check. And to decide on a tractor based on whether their finance arm offer online payment is ridiculous. You'll use a tractor for a lot more years than you'll pay for it.

 

[Bird]

In 1999, I financed a B2710 with Kubota Credit and as of 2002 they still did not have online payment ability; still had to mail a check every month. That certainly wasn't a deal breaker, but it was a bit of an annoyance. I almost never write a check anymore. In fact, I've written exactly two checks this year, each of which was to the county tax collector to renew the registration on our minivan and pickup

 

[Robert_in_NY]

I will toss my experience in here. I started out with New Holland Credit, then bought another item thru Case Credit and another item via CNH Credit. Now they are all merged under CNH Credit. Even with the different company names and such and the different accounts being merged I have never had a problem. I can honestly say the people I deal with at CNH credit are some of the best people I have ever dealt with as far as credit companies go. They are friendly and are very helpful. I have not met any rude people so far and do not expect to as my accounts are handled by two people and only two people so I know who I am calling if I have a question.CNH Capital does have an online payment option but I do not know if CNH Credit does yet.
I forgot to add, when I bought the TN I financed thru New Holland credit and paid it off without any problem so I have had 4 different dealings with CNH credit with no problems as of yet.

 

[sanzania]

I just bought my NH and have yet to make my first payment. Is it possible to just call them and give a debit card # over the phone? They could then give you an authorization# and the payment would always be on time. Right now the only 2 bills I have I don't pay online is trash pickup and propane delivery (because they do not have the option) I had a mortgage w/ WAMU at one time and they were notorious for applying payments late, f'd up my credit a few years back.

 

[thcri]

I almost never write a check anymore. In fact, I've written exactly two checks this year, each of which was to the county tax collector to renew the registration on our minivan and pickup

Bird if you miss writing checks I can send you my address and you practice writing checks with my name on them I promise I will put them to good use.


murph

 

[RollingsFarms]

"I believe" are the operative words. You don't "know".

It is interesting that people who own others company's tractors, and who don't have any first hand experience with an issue, will summarize and conclude based upon scant evidence.

There was clearly an issue, but whether the systematic issue has been worked out has not been determined. I have a large family who has purchased several items through cnh, and have been happy with the service. I have asked.

I don't have time to question whether cnh has online bill paying capability, but to make such a statement, one ought to have direct proof. Anything else is just making up brand bashing for the sake of your tractor comapny. I don't have the time or interest to look it up.

It is good to know that there is a creditor in this country who has handled its creditees perfectly, everytime. That is what you are implying about your company with your "information".

My FIL has devices from the perfect one. The company, and the devices, are not nearly perfect.

Chris

you are correct, i don't know firsthand of CNH payment procedures. i was just reading the same post as many others read on this topic. was it the only reason i decided to not consider CNH in my next tractor purchase? certainley not. but it is one factor i have considered long before that post was ever written. ive talked to several fellow farmers in my area and there are some that own NH and are happy with them and then there are some that are not. this is the case with ALL owners of every brand, not just NH. i also was clearly not favoring the brand of tractor i own over anyone elses. i own a John Deere but its not superior to any other make. ive also never bashed the NH line, they are good tractors. no creditor is perfect.