First I got ripped off by Century III chevy in West Mifflin PA, with a pressure forced sell of a vehicle. The dealer told me it was so difficult to get me financed, because of my credit history. I admit my credit is not fantastic, but shows I always pay my vehicle payments.
Needless to say I was so fortunate to get financed by Americredit. After calling them to find out where to mail my payments, because I had not received a bill two months after the vehicle was purchased, I talked to a very polite customer service agent who agreed she would have never signed a loan for that high of an interest rate. Then she proceeded to tell me everyday I'm late I get charged 6$ on my principal. Of course I was never told of this at the time of signing.
But situations arise in peoples lives that puts them betwen a rock and a hardplace. Needless to say Americredit is there to keep people between those rocks, and if possible put them in even further. I am now probably going to have to take a major loss by getting rid of this vehicle, and again making my credit rating even worse because of this.
I blame the dealers, and this rip off finance co. To take full advantage of people in a time of difficulty.
I would have rather been denied the loan then to have to pay these rates.
Please if someone would like to start a class action lawsuit against this co. Please contact me. I think these kind of finance companies give credit unions and others who try to help people out of a bad credit history, instead of putting them further behind!
John
Pittsburgh, Pennsylvania
0 comments