• Report: #89109

Complaint Review: Americredit Financial Svcs

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  • Submitted: Mon, April 26, 2004
  • Updated: Tue, July 27, 2004

  • Reported By:Spokane Washington
Americredit Financial Svcs
Po Box 183593 Arlington, Texas 76096-3593 Arlington, Texas U.S.A.

Americredit Financial Svcs AKA ALLIED CREDIT COMPANIES AKA CAVALRY PORTFOLIO SERVICES ripoff I HOPE THEY DO GO DOWN SO NO ONE ELSE CAN BE HARASSED OR DAMAGED BY THEIR LACK OF ETHICS ANYMORE. Arlington Texas

*Consumer Comment: wake up Mark

*UPDATE Employee: ok..

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I AM PUTTING IN THIS REPORT BECAUSE I USED AMERICREDIT AND GOT TAKEN ADVANTAGE OF TOO. BESIDES THE HIGH INTEREST RATES THEY CHARGED, I AM ALSO NOT PLEASED WITH THEIR BILLING PRACTICES.

MY EXPERIENCE WITH THEM IS THEY ARE TENACIOUS IN MAKING SURE THAT NO ONE WILL LOOK AT YOUR CREDIT. I WAS INJURED ON THE JOB AND TO MAKE A LONG STORY SHORT MY CAR GOT REPOSESSED THAT WAS ALL GOOD. THEN I WENT TO BUY A CAR A COUPLE YEARS LATER AND DEALERSHIPS LOOKED AT ME FUNNY AND I DIDN'T UNDERSTAND WHY. TIL I WENT TO HONDA AND THEY ASKED ME WHERE THE CAR WAS I HAD, I WAS TAKEN BY SURPRISE AND SAID WHAT CAR. THE DODGE, I SAID WELL THEY TOOK IT A COUPLE YEARS AGO.

THE DEALERSHIP SAID WELL THAT IS NOT HOW IT APPEARS ON YOUR REPORT. THEY WERE INQUIRING EVERY MONTH TO MAKE IT LOOK LIKE I STILL HAD THE CAR AND WHEN I CHALLENGED THIS ON MY CREDIT REPORT FROM EQUIFAX THEY HAD IT REMOVED BECAUSE THE COMPANY DID NOT RESPOND. THAT WAS OVER A YEAR AGO.

I WENT IN TO APPLY FOR A HOME MORTGAGE AND THEY HAD THE SAME THING ON THE REPORT WITH THE OTHER TWO CREDIT BUREAUS AND I WAS REALLY SURPRISED ABOUT THAT. THE MORTGAGE COMPANY ASKED ME WHAT HAPPENED AND I SAID WELL I HAD IT REMOVED FROM MY REPORT AND THEY COULD SEE THAT BUT THEY ARE SAYING IT LOOKS AS IF IT WAS CHARGED OFF YOUR ACCOUNT THIS JANUARY AND I SAID THERE IS NO WAY THAT CAN BE ACCURATE. FOR ONE WHEN THEY TAKE A CAR THEY RESELL IT SO YOU SHOULD HAVE SOME CREDIT TO YOUR ACCOUNT IF NOT ALL OF IT. BUT NOT THEM; THEY HARASS YOUR CREDIT TIL NO ONE WILL LOOK AT YOU AND MAKE FALSE STATEMENTS ON IT. THAT IS MY EXPERIENCE AND I AM PUTTING IN ANOTHER REPORT TO DEAL WITH THEM AS WE SPEAK.

AS FOR AMERICREDIT I HOPE THEY DO GO DOWN SO NO ONE ELSE CAN BE HARASSED OR DAMAGED BY THEIR LACK OF ETHICS ANYMORE.

Vicki
Spokane, Washington
U.S.A.

This report was posted on Ripoff Report on 04/26/2004 10:54 PM and is a permanent record located here: http://www.ripoffreport.com/r/Americredit-Financial-Svcs/Arlington-Texas-76093-3593/Americredit-Financial-Svcs-AKA-ALLIED-CREDIT-COMPANIES-AKA-CAVALRY-PORTFOLIO-SERVICES-ripo-89109. 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 Consumer Comment

wake up Mark

AUTHOR: Joe - (U.S.A.)

Americredit and companies like them are nothing but predatory loan sharks. They claim to be helping people reastablish their credit.

I think there is something your missing Mark, and its a company that can't be trusted. They stall you they pressure you and they don't take responsibility for their actions

Mark all you have to do is read on and you will see just how upset and fustrated people are with the underhanded tactics of Americredit

When this company can't account for their own paper work and file it under someone else's accounts or worst, how can anyone trust doing business with them

Worst of all they are in violation of civil laws and it is on the record. Employees in their own company have been breaking the law

The employees Americredit pays to harass customers who fall behind in their payments are breaking the law by harassing customers at their place of employment when they are asked not to

Also when you try to intimidate a customer with threats and tell them getting Attorney's will only make things worst is unprofessional and civil courts handle those cases.

Also there will be an investigation sooner or later into the practices of reporting to credit bureaus which it appears there are many consumer complaints against Americredit and companies like them.

So Mark you can defend them all you want but the day may come when you hook up with the wrong company and they are sticking it too you, maybe you won't be so sure of yourself then!

You see Mark in the real world people have real problems which affect the way they can purchase cars or homes. This then becomes the feeding ground for these predatory companies like Americredit! Hope it never happens to you!
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#2 UPDATE Employee

ok..

AUTHOR: Mark - (U.S.A.)

I am confused. What violation is our company supposed to have committed?

You are upset because your car got repo'd.

You are upset because the interest was high. You are further upset because the sheriff's auction did not settle the debt completely.

You are upset because the debt was reported accurately and legally as a chargeoff. You are further upset because an agency called you regarding this debt. What would your ideal situation be? You can no longer afford the car, they come and get it and you're even? This would be nice, but cannot be done in a situation like this.

The company did not violate any laws, so I would like you to clarify a little bit.
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