"Danny Paid Off Linda's Car"

Payment History Under Bank's Old System

High Resolution Copies

If you want to read the background of this issue, how Dr. Walt Thompson made the claim that Danny Shelton had "paid off the remaining debt on [Linda's] new car," see our low resolution web page.

Payments from January 2003 Through January 2005

We know from the automobile title that Linda's Toyota Sequoia was purchased on December 30, 2002. While the automobile is titled in Linda's name only, the loan is in both their names.

This first sheet shows a start date for the loan of January 3, 2003. January 27, 2003, is the first payment, and consists of $453.50 principal and $134.89 interest, or in other words, a total payment of $588.39.

No payoff on this sheet is shown.

Payments from January 2005 Through April 2005

No payoff of the loan shown here either. As of April 2005, the principal of the loan is down to $18,383.32.

Payment History Since Bank's New System in Place

Payments from August 2005 Through November 2005

Somehow with the transition from the old system to the new system, we did not receive any records for the period of time between April 13, 2005, and August 25, 2005. The principal still due declined in that time period from $18,383.32 to $15,878.64, and the first August 25, 2005, payment reduced the balance down by $489.37 to $15,389.27. The monthly payment is clearly $588.39, exactly what it was back in January 2003.

Payments from November 2005 Through August 2006

On June 13, 2006, the date of Dr. Thompson's email, there remained a balance of $10,095.41.

Payments from August 2006 Through January 2007

This sheet shows a remaining balance of $5,723.24.

If there is an explanation for this discrepancy, we would be extremely glad to hear what it is.