• Report: #60511

Complaint Review: Arcadia Financial Transsouth

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  • Submitted: Thu, June 12, 2003
  • Updated: Fri, June 13, 2003

  • Reported By:columbia South Carolina
Arcadia Financial Transsouth
P.o. Box 600 Carol Stream, Illinois U.S.A.

Arcadia Financial Transsouth ripoff Charged 24.1% Apr taken advantage of because first time buyers Finance company who from the begining gave us nothing but problems. Carol Stream Illinois

*Consumer Suggestion: A wise man wins with facts and not by arguing the mistake.

*Consumer Suggestion: Nakia auto insider info your dealer would not want me to tell you.

*Consumer Suggestion: Nakia auto insider info your dealer would not want me to tell you.

*Consumer Suggestion: Nakia auto insider info your dealer would not want me to tell you.

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My wife and I bought a car from Galeana Chrysler car dealership in Columbia, SC. The dealership set us up with this particular finance company who from the begining gave us nothing but problems.

They charged us 24.1% for financing. This is higher than the national average even for first time buyers. They have had a report done on them by the local tv station. Buyers beware.

Nakia
columbia, South Carolina
U.S.A.

This report was posted on Ripoff Report on 06/12/2003 03:22 PM and is a permanent record located here: http://www.ripoffreport.com/r/Arcadia-Financial-Transsouth/Carol-Stream-Illinois-60197-6001/Arcadia-Financial-Transsouth-ripoff-Charged-241-Apr-taken-advantage-of-because-first-tim-60511. 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 4Consumer 0Employee/Owner
Updates & Rebuttals

#1 Consumer Suggestion

A wise man wins with facts and not by arguing the mistake.

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

The more I read about this company the more I feel bad for them to finance cars to people like you.

Why do you complain about your interest rate?

Let me give you 2 answers to this question:

1) You wanted the car and did not care about anything else at the moment including signing a 24.1% APR.

2) You dont know how to read.

If you do not like the terms and conditions of something then you should be wise and don't get them under any circumstances. The interest rate you have is not Arcadias fault or the dealer. It is your fault.

About the other person saying it was the dealer I would have to agree that they get a percentage of the loan, however if you do not like the rate why did you not apply online for a car loan avoiding the middleman? If you were able to find this site you should be well aware of a few million websites that can approve you for any type of credit.

Last thing, when you finance a car all you have to do is to pay them back, what other services do you expect that you say that from day one are giving you problems? You choose the dealer, you choose the car, you get your copy of the contract at the dealer, you receive a copy of all documents you signed and I believe you even get the license plates at the dealer or in the mail. What do you expect?

A wise man wins with facts and not by arguing the mistake.
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#2 Consumer Suggestion

Nakia auto insider info your dealer would not want me to tell you.

AUTHOR: The Great Thorn - Rip-off Report Consumer Advocate - (U.S.A.)

Nakia The dealer bluffed you into signing a 24.1% car loan. I am sure that the dealer got you approved for a lower rate.

They bluff you into signing the high loan rate. Then after you went home, the dealer got the bank to give what is called a "Buy Rate" that is lower then what is printed on your contract.

In short, you agree to a high rate and the dealer gets you bought and a lower rate. Then the dealer scoops the difference.

This is done all of the time nation wide. If you want to see how dirty a car dealer can be, call up your lender and ask for copies of all documentation that your dealer sent to the bank.

Make sure that the bank sends you a copy of the credit application that you filled out at the dealer when you bought the car. Car dealers lie to banks all of the time.

Now if you want to learn more about the auto industry go to the following web sites. Ask yourself one question after you check out the following web sites. The question you need to ask yourself is this.

What product or service do they all sell to car dealers?

Here is the list, Go to them ALL, OK?

www.probac.com
www.nationalautotraining.com
www.appliedconcepts.net
www.grantcardone.com
www.davidlewis.com
www.jeffsacksandassociates.com
www.stukertraining.com
www.paulcummings.com
www.tewart.com
www.joeverde.com

www.biggross.com

www.nationalautotraining.com
www.fandiprofit.com
www.carsalestraining.co.uk/preview.html
www.autoscreeningtraining.com
www.autosalestraining.com
www.wwcsonline.com
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#3 Consumer Suggestion

Nakia auto insider info your dealer would not want me to tell you.

AUTHOR: The Great Thorn - Rip-off Report Consumer Advocate - (U.S.A.)

Nakia The dealer bluffed you into signing a 24.1% car loan. I am sure that the dealer got you approved for a lower rate.

They bluff you into signing the high loan rate. Then after you went home, the dealer got the bank to give what is called a "Buy Rate" that is lower then what is printed on your contract.

In short, you agree to a high rate and the dealer gets you bought and a lower rate. Then the dealer scoops the difference.

This is done all of the time nation wide. If you want to see how dirty a car dealer can be, call up your lender and ask for copies of all documentation that your dealer sent to the bank.

Make sure that the bank sends you a copy of the credit application that you filled out at the dealer when you bought the car. Car dealers lie to banks all of the time.

Now if you want to learn more about the auto industry go to the following web sites. Ask yourself one question after you check out the following web sites. The question you need to ask yourself is this.

What product or service do they all sell to car dealers?

Here is the list, Go to them ALL, OK?

www.probac.com
www.nationalautotraining.com
www.appliedconcepts.net
www.grantcardone.com
www.davidlewis.com
www.jeffsacksandassociates.com
www.stukertraining.com
www.paulcummings.com
www.tewart.com
www.joeverde.com

www.biggross.com

www.nationalautotraining.com
www.fandiprofit.com
www.carsalestraining.co.uk/preview.html
www.autoscreeningtraining.com
www.autosalestraining.com
www.wwcsonline.com
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#4 Consumer Suggestion

Nakia auto insider info your dealer would not want me to tell you.

AUTHOR: The Great Thorn - Rip-off Report Consumer Advocate - (U.S.A.)

Nakia The dealer bluffed you into signing a 24.1% car loan. I am sure that the dealer got you approved for a lower rate.

They bluff you into signing the high loan rate. Then after you went home, the dealer got the bank to give what is called a "Buy Rate" that is lower then what is printed on your contract.

In short, you agree to a high rate and the dealer gets you bought and a lower rate. Then the dealer scoops the difference.

This is done all of the time nation wide. If you want to see how dirty a car dealer can be, call up your lender and ask for copies of all documentation that your dealer sent to the bank.

Make sure that the bank sends you a copy of the credit application that you filled out at the dealer when you bought the car. Car dealers lie to banks all of the time.

Now if you want to learn more about the auto industry go to the following web sites. Ask yourself one question after you check out the following web sites. The question you need to ask yourself is this.

What product or service do they all sell to car dealers?

Here is the list, Go to them ALL, OK?

www.probac.com
www.nationalautotraining.com
www.appliedconcepts.net
www.grantcardone.com
www.davidlewis.com
www.jeffsacksandassociates.com
www.stukertraining.com
www.paulcummings.com
www.tewart.com
www.joeverde.com

www.biggross.com

www.nationalautotraining.com
www.fandiprofit.com
www.carsalestraining.co.uk/preview.html
www.autoscreeningtraining.com
www.autosalestraining.com
www.wwcsonline.com
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