• Report: #103420

Complaint Review: Arcadia Financial LTD,

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  • Submitted: Thu, August 12, 2004
  • Updated: Thu, August 12, 2004

  • Reported By:Rochelle Park New Jersey
Arcadia Financial LTD,
5457 Twin Knolls Road, Ste 210, Columbia, Maryland U.S.A.

Arcadia Financial LTD Violating Federal Laws to force consumers into car loans Columbia Maryland

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From dch honda dealer at route 4 in paramus new jersey, through arcadia financial as lender I sign a car purchase with a trade in. they told me to tell that I make more money so it will be aproved.

they told me that my credit was -600 when is 678, and for that reason they will choose for me better bank. I was told the rate after I sign the papers,then i discovered that the rate was higher

and I complaint to the dealer the treat me like garbage, so I call the bank and told them what happen and that it was impossible for me to pay them.

the bank told me that I wasn't aproved, and two hours later they say they I had being aproved, even do that I told them that I did not want the car nor the deal with that interest being

so high. the bank manager told my friend that he was a very close friend of the people at the dealer. somebody from the bank told me that my loan can't be aproved for many conditions including that i can't prove income and even that the manager did it.

I did many calls to the bank and told them that I couldn't pay the car but they did not listen to me, they are violating state and federal laws, I which someone stop them soon, or help me to solve the problem, because they trying to ruin my credit

Luis
Rochelle Park, New Jersey
U.S.A.

This report was posted on Ripoff Report on 08/12/2004 08:08 PM and is a permanent record located here: http://www.ripoffreport.com/r/Arcadia-Financial-LTD/Columbia-Maryland-21045/Arcadia-Financial-LTD-Violating-Federal-Laws-to-force-consumers-into-car-loans-Columbia-Ma-103420. 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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