I was suckered into purchasing a car from JD Byrider in April. I was reminded repeatedly how they could help 'rebuild my credit with a good payment history.' NOT ONLY was the vehicle overpriced, I have put a few thousand dollars into repairs.
The loan company that began my loan, CNAC was not hard to deal with, however—within a few months, the car lot 'closed its doors', and then a new finance company began contacting me about 'facilitating the old JD Byrider accounts purchased from CNAC.'
MVP Finance first of all, cannot keep records&as I am repeatedly having to 'catch my account up'—no matter how many payments I have on record—I always seem to owe more. Whenever I call for a payoff balance on the account, its more than the time before. Yet, they have the audacity to threaten taking my vehicle away.
I dont understand their tactics, but I am sure that with all the loopholes out there—they can find a way to tell you what they are doing is legal. I have already paid three times more than the book value on this vehicle, and according to them, I still have 13 months more to pay.
If you ever even consider purchasing a vehicle form this place—PLEASE think again. Dont get caught in what I and so many others have been suckered into.
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