Auto One Acceptance
Ripoff

I like many other recent college grads, did not have great credit and I did not have enough credit to get a car loan. Auto one gave me a loan and that is something that I wish I did not get. I was late one month due to being laid off, and I called and explained this to them and Auto one said just to keep making payments until I could get that one payment caught up.

Well I went from making 33,000$ a year plus commission back to waiting tables so I was struggling just to make each monthly payment more less getting caught up. So after about a year of being behind one payment I got a call from a woman saying I could refinance my loan with them, get a lower interest rate and lower my payments. She said I had been making my payment every month and was only behind a payment and a half so she would just tack that payment on to the end of my loan.

So my payments went down 100$. I was making my payments, consistantly and lost another job due to a company closing. I was unable to send in a whole payment, but I still sent them money. I finally got a good job as a probation officer and not have to worry about being laid off. I have been making payments every month, then I get a call from the collection department asking where they can come and pick up my car. He said that I was behind 4 payments because I had not been making full payments for a year. I told him that my loan was refinanced and my payments went down 100$. I had to fax him verification that my loan had been refinanced, he said that was not good enough, that I could settle for 6800$ and be able to keep the car. I ask him to send my a copy of my payment history so I could see where I missed the payments and he said that he did not have to do that because my car is now in collections.

Since my payments were 250 a month I told him I would send the 1000$ to get caught up on my car and continue my loan. He said that that was not an option, that I had to pay the 7000$ (yes the amount somehow changed) or give up the car. I told him that he had just told my 6800$ and he said ok, I will take that. My loan was for 11000 and I paid them a total of $7200 and they said I still owe 10,000 on my loan. After I called my parents embarrassed and crying, they told me to just give up the car it was not worth the trouble, and they would give me their truck to drive until I could afford a car.

I cant even get another car loan because of how bad this loan affected my credit. But I am to the point where if I can't pay for it in full, I am not getting the money from a loan company because they are worse criminals and crooks they make the people on my caseload (remember I am a Probation Officer) look like saints. What every you do, DO NOT TAKE A LOAN FROM THIS COMPANY. If there is a class action law suit, please let me know, I will join in.

P*ssed off consume

Company: Auto One Acceptance
Country: USA
State: Texas
City: Dallas
Site: www.autoone.com

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