- Report: #451941
Report - Rebuttal - Arbitrate
Complaint Review: Americredit
AmericreditAmericredit, Ft Worth Ft. Worth, Texas U.S.A.
Americredit - Comes Out Ahead AGain Ft. Worth Texas
*Consumer Comment: Astounding!
*Consumer Comment: This is untrue
My situation is that my credit score is now at a very good level.
What bothers me is I am not permitted to refinance the car because of the mileage and because mostly interest has been paid thus far, I'm significantly upside down on the vehicle. I have paid $22K and still have a pay off of $23K and the vehicle sticker price was only 20.5K. My other vehicle is financed at 6%. each time I make a payment to Americredit for this car it kills me. Granted they provided me with what I needed when I needed it but it's not an excuse to operate the way they do. What I am battling now is do I continue to pay this car because I have to pay for my mistakes or inadequecies in the past or do I go and buy another vehicle, at a 5% interest rate and just hand this other vehicle back to Americredit and deal with 7 years of a repo on my record along with daily harrassment. For ethical reasons I was hesitant to just give the car up but after anayzing it and looking deeply into how companies like Americredit work, it's not even a question anymore. They've MADE their money off of me. I am now very well established financially and my credit score can afford to take a repo hit and still be strong. additionally, my husband and I have discussed it and both agree the wisest thing to do is let it go, suffer a hit for a couple of years, rely on his credit if we need to and move on.
Sometimes you just have to go this route. yes there are those of you who would argue how unethical this is and how if we didn't live beyond our means we wouldn't get into messes like this and that its not the responsibility of companies like Americredit to bail us out of our situations. The bottom line is that assessing our current economic situation and the companies that got us into this mess in teh first place, the stupidest thing I could do is continue paying to a company that is only getting what it deserves. I don't feel a BIT bad for screwing Americredit over, they did it to me long enough and they have and WILL still come out ahead. I can handle 8 calls a day if it means I don't have to pay another penny to them.
This report was posted on Ripoff Report on 05/14/2009 03:13 PM and is a permanent record located here: http://www.ripoffreport.com/r/Americredit/Ft-Worth-Texas/Americredit-Comes-Out-Ahead-AGain-Ft-Worth-Texas-451941. 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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