• Report: #14725

Complaint Review: ARCADIA FINANCIAL LTD.

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  • Submitted: Thu, February 21, 2002
  • Updated: Mon, September 23, 2002

  • Reported By:whitewater wi
ARCADIA FINANCIAL LTD.
P.O.BOX 4367 CAROL STREAM, Illinois U.S.A.

ARCADIA/OLYMPIC FINANCIAL RIP-OFF

*UPDATE Employee: Credit Report Scam

*Consumer Suggestion: SUE THE BASTARDS!!

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IN JULY OF 1996, MY HUSBAND PURCHASED A TRUCK AND HAD IT FINANCED THROUGH OLYMPIC FINANCIAL.(THE COMPANY NEVER NOTIFIED US THAT THEY HAD CHANGED THEIR NAME TO ARCADIA.)

MY HUSBAND WAS INVOLVED IN A SERIOUS ACCIDENT IN APRIL OF 1997 AND COULDN'T WORK FOR A YEAR. HE HAD INSURANCE TO COVER THE PAYMENTS , BUT THEY STARTED TO PAY TOO LATE.ARCADIA CLAIMED THAT THEY DIDN'T RECEIVE THE PAYMENTS AND THEY WANTED THE TRUCK OR ALL OF THE BACK PAYMENTS NOW.

(THIS WAS JAN. OF 1998) THEY WERE THE RUDEST LOWLIFE'S I HAVE EVER HAD TO DEAL WITH. THEY DIDN'T CARE THAT THE PAYMENTS WERE ON THEIR WAY, ALL THEY CARED ABOUT IS THAT THEY WEREN'T THERE ALREADY.THEY REPOSSESSED THE TRUCK, THEN THEY HAD ENOUGH NERVE TO CALL A FEW DAYS LATER AND OFFER THE TRUCK BACK TO US, THEY "FOUND" THE MISSING PAYMENTS "UNDER A STACK OF PAPERS" ON SO-AND-SO'S DESK.

WE SAID TO BRING US THE TRUCK BACK, THEY THEN TOLD US WE HAD TO PAY AN EXCESSIVE AMOUNT (MORE THEN WE COULD AFFORD TO GIVE THEM AT THAT TIME) OF MONEY TO HAVE IT "SENT" BACK TO US (DELIVERY,TRANSPORTATION, & MILAGE CHARGES TO US SOUNDED LIKE THEY WERE "TRIPLE" BILLING US.)

THEN TO ADD SALT TO A FRESH WOUND THEY NOT ONLY PUT 1 REPO. ON OUR CREDIT, BUT THEY PUT 1 ON FOR "OLYMPIC"; & 2 ON FOR THEMSELVES. THREE REPOS., 1 TRUCK...HOW'S THAT FOR "SCREW-YOU-OVER"????

SIGNED: SCREWED UP CREDIT FOR LIFE
CHRISTINE
WHITEWATER, WISCONSIN

This report was posted on Ripoff Report on 02/21/2002 12:00 AM and is a permanent record located here: http://www.ripoffreport.com/r/ARCADIA-FINANCIAL-LTD/CAROL-STREAM-Illinois-60197/ARCADIAOLYMPIC-FINANCIAL-RIP-OFF-14725. 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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REBUTTALS & REPLIES:
0Author 2Consumer 0Employee/Owner
Updates & Rebuttals

#1 UPDATE Employee

Credit Report Scam

AUTHOR: bocaj - ()

Because the company name changed, and a acct is being reported to the credit bureau, in most instances the credit bureau (Eqifax, TRW & trans union-we report to all 3) will take this as a seperate account it is simply a coding error. All you have to do is disput the double or triple posted acct with your credit bureau. Don't be a moron. Your real problem was with insurance and not being able to get them to process the checks in time. Whate do you excpect a company to do? You signed a collateral loan, and payments were not being received, so no pay no car. Pretty simple huh?
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#2 Consumer Suggestion

SUE THE BASTARDS!!

AUTHOR: John - ()

These assholes have violated Federal Law by reporting three repo's on one vehicle. Sue them for all monies that you or your insurance provider paid these scumbags and for punitive damages as well. Don't know if you will have any recourse in getting the repo removed from your credit file but, it MUST be removed after 7 years unless the creditor reinstates it.

Find yourself a legbiter (lawyer) that will work on a contingency basis ONLY. In other words, if he doesn't win, you don't pay. If you can document what you are saying here, you should not have any problem winning a judgement against these thieves. Good luck and keep us posted!!

Larry
Tampa, FL
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