• Report: #447471

Complaint Review: Americredit

  • Submitted: Wed, April 29, 2009
  • Updated: Wed, April 29, 2009

  • Reported By:Dickson Tennessee
Americredit
P.O. Box 78143 Arlington, Texas U.S.A.
  • Phone: 800-284-2271
  • Web:
  • Category: Banks

Americredit will not work with anyone to keep your vechile Arlington Texas

*Consumer Comment: Don't expect much from subprime lenders

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I have fallen behind on my payments and tried to work something out to refinance or defer a payment, they are not willing to do that. I have paid 2 yrs. on a 2006 upland and have paid more insterst then principal. Last month
I paid $265 dollars on principal & $190 on interest. The month before I caught up my payment and I paid $373 on principal &523 on interest. They are not willing to work with me to get my payments where they r not late. This is not much of a company if you ask me.

Tracy
Dickson, Tennessee
U.S.A.

This report was posted on Ripoff Report on 04/29/2009 11:32 AM and is a permanent record located here: http://www.ripoffreport.com/r/Americredit/Arlington-Texas-76096/Americredit-will-not-work-with-anyone-to-keep-your-vechile-Arlington-Texas-447471. 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

Don't expect much from subprime lenders

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

Americredit is a subprime lender. That means when you took out the loan, you probably had bad or no credit (and payed a hefty interest rate for the privilege). Subprime lenders are the "last chance" lenders of the auto industry. Since the loan is considered a high-risk from the start, they expect you to pay on time, every time. A borrower with a poor history is unlikely to get a break with this kind of lender. In their eyes, you already had a few strikes against you when they gave you the loan.
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