• Report: #1065520

Complaint Review: 90210 INVESTMENT GROUP

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  • Submitted: Tue, July 09, 2013
  • Updated: Tue, July 09, 2013

  • Reported By: Stacey — Spring Texas
90210 INVESTMENT GROUP
9107 Wilshire Blvd, Suite 450 Beverly HIlls, CA Beverly Hills, California USA

90210 INVESTMENT GROUP PERMISSIVE USER FRAUD, WONT RETURN MY VEHICLE, WITHOLDING NAME AND LOCATION OF USER AND VEHICLE, STOPPED MAKING PAYMENTS Beverly Hills California

*Consumer Comment: Suggested Next Steps

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I advertised my car on Swap-A-Lease and was contacted by Mikalea from 90210 Investment Group shortly after.  We went back and forth on the phone from almost a month.  She made claims that although the service they offered was a little unusual it was all completely legal and claimed the attorneys whom owned the company had just found a way to help people like myself who needed and or wanted out of an auto lease. 

After much consideration and probably alot of wishful thinking I decided to go against my gut and give them the benefit of dougbt.  This was my biggest mistake.  I was not on hard financial times, they were not saving me from repossession, I simply realized after a year of driving the Infiniti that the car was not practicle for me and my lifestyle and that if I kept it I would likey do more damage to it than anything.  I had started traveling alot and had a large and aging dog that needed transporting more often.  I just needed a more practicle vehicle and 90210 provided me that opportunity, so I though.

I took the car to have the oil changed, had it cleaned, supplied both sets of keys.  I was thankful they had given me this opportunity so I wanted to repay that by doing everything I could to make the transaction easy.  HAHAHA what a dumb ass I was.  They must have been laughing at me the enitre time. 

Once the car shipped it didn't take but a couple weeks and they had someone in it.  And that is when the trouble started.  Phone calls became less, payments started being late, and Mikalea was gone.  Now I was dealing with another girl.  This one not so nice.  Even had the balls to tell me they had done me a favor and that they never promised to make payments 10 days in advance.  Not the first lie I'd been told and certainly not the last. 

From this point forward it was late payment after late payemnt for almost 9 months then back in March of '13 the payments stopped.  So I made the March note, the did make one last payment on April 26 and that was it.  I tried contacting them by email and phone and got little to no response.  Finally I recieved an email from them that stated they could no longer manage my vehicle due to a list of illeged things I had done to defauly on the contract and that I still had a contract with the "User" and they would send me that info.  This was 3 weeks ago and not only have they not done this, they won't even return a email or phone call, put me on hold never to return, send me to a full voice mailbox and when I call back wont answer. 

This company is a scam, they are illegal, immoral, liars, cheats and thieves.  I am now in debt to the bank on this car for $32000, I have no car to turn in, no car for the bank to even repossess, I cant report it stolen, and I cant reposses it myself because i am not the legal owner.  Not to mention I have no idea who is driving the car or where it actually is and 90210 is witholding all of that information from me. 

I spoke to an investigator in Calfornia and was informed that I basically have no legal rights to the vehicle and that this company all the ones like them know this and this is how they get away with this. 

SOMEBODY HAS GOT TO SHUT THESE PEOPLE DOWN.

 


This report was posted on Ripoff Report on 07/09/2013 08:52 AM and is a permanent record located here: http://www.ripoffreport.com/r/90210-INVESTMENT-GROUP/Beverly-Hills-California/90210-INVESTMENT-GROUP-PERMISSIVE-USER-FRAUD-WONT-RETURN-MY-VEHICLE-WITHOLDING-NAME-AND-1065520. The posting time indicated is Arizona local time. Arizona does not observe daylight savings so the post time may be Mountain or Pacific depending on the time of year.

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#1 Consumer Comment

Suggested Next Steps

AUTHOR: Dan G - ()

Hi,

I'm in the same boat as you are with these very unethical people.  But there may be some things you can do...not sure what the laws in your state allow or what the particulars are in your situation, however.

90210 IGs whole premise is that they do not sub-lease, meaning that none of the ownership or rights of the car are transfered to the new User.  The car legally belongs to you and the lendor still.

Hopefully you received copies of the signed contracts that at least provide the name of the User.  And hopefully, you also obtained a copy of the insurance policy from the new user, which would have their address on it.

Assuming you have this information, you can hire a Repo Agent to repossess the car back for you.  However, you will need to find a repo agent that does "private party repossessions." They will attempt to do a "skip trace" to try and locate the individual and vehicle.

To hire the Repo Agent, you generally will need a copy of the registration, a copy of the title (you can request this from the lendor with no problem) and a copy of your driver's license.

If the repo agent is not able to locate the vehicle through their skip trace methods, consider hiring a private investigator who has more access to private records (i.e., utility bills, employer, DMV records, etc.).  

The costs for these services may not be cheap, but they will sure be cheaper than the $32,000 you owe the bank.

One more thing, look for local repo agents that service the market where the car is.  Avoid National Repo Companies that contract with local companies.  I came across a few and read reviews about them.  In some cases, they do not provide a cost upfront as to their services, then after they get the car, they give the person who paid to repossess the car some crazy-large bill.  And until the bill is paid, the don't provide the location of where you vehicle is. And to top it off, they only take cash.

Good luck with your situation and keep spreading the word about this horrible company and their services.  Hopefully we'll be able to prevent more people from falling prey and put these scammers out of business and on the street.

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