In June 1999 I bought a new house and needed a new car, so I got an affordable 1997 model car for $10,500. Since I purchased a house two weeks earlier not too many people wanted to finance me, along comes Arcadia to the rescue. They offer me a great rate of 18% (sarcasm), so I took it. It was a 5 year loan.
Now after 4 and a half years I still owe 5,000 on it. How? I have made 50 payments of 268.00 shouldnt the loan be almost paid off? My payments are due on the first, as are ALL of my bills. If I don't pay by the 5th they call me at home, at work (which is illegal) and if I don't pay by the 15th they call everyone who I put down as a reference, they lie about conversations, and refuse payments on occasion saying it's too late to make a payment and I must double up if I want them to take them. If anyone ever offers to finance you through Arcadia turn them down and get a tin cup to pan-handle, you'll be better off.
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