When I purchased my vehicle using the financing via Prestige Financial Services, I was told by their personnel only that the loan was a "zero grace period" loan.
I asked for clarification and they told me that this means that they can repo the car if it is one-day late. I accepted those terms. However, when I did get behind a couple of times, their phone calls became very unfair and unethical.
I requested that they just go ahead and pickup the car, but each time they refused. They just kept playing games and psychological tricks on the phone and then proceeded to tell me that they would get all of their money out of me somehow by not only repossessing the car, but also by garnishing my wages! One time they even threatened to send over the police!
Needless to say, they scared and threatened me so much that I suffered a lot of mental and physical anguish.in addition, I have been stuck with a predatory high interest rate of 20% from the beginning and my payment is outrageous.
I have since been on-time with my payments and I still have about 3 years on the note. Once I have paid the note off in full, I have NO intention of ever doing business with this company again. Buyer BEWARE!!!
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