Americredit is a ripoff company that abuses that there is little protection against them. I consider myself tremendously stupid, I presently have a second loan with them. I pre-paid my first loan by two years since I was sick and tired of hearing my phone ring all day long begging for my payments. One day I just decided to pay it off. At that time I finally learned that for two entire years I paid 240.00 in interest and only 15.00 to principal and at the time of pay off I had to pay more than the cost of the car when I first bought it. Three years later I applied for a car loan and the first company to award the loan was Americredit, I was extremely hesitant to buy the car, I explained to "Nancy" from Coleman Chevrolet that I had a very bad experience with Americredit and I did not want to buy a car through them. For two days "Nancy" called me several times and she assured me that this time the loan was going to be different to which she assured me that she had spoken to a supervisor at Americredit.
I was a fool and believed her and sign the papers. Gave a down payment and left with the car. I made several payments but I had lost my job and moved to another state, I got behind two months, they called, called, called and called but I could not get a straight answer until a few days ago that directly I spoke to a supervisor who told me that my pay off, after had paid $4,000.00 in one year is exactly what my loan was for, she told me that I pay $10.00 in late fees PER DAY!!!
I am going to file with the better business bureau a complaint, this is a rip-off and the car dealership money hungry got me in all this trouble since the contract I signed with them does not specify anything about late payments. These companies should be deeply investigated!!
0 comments