• Report: #104547

Complaint Review: Arcadia Transouth Financial

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  • Submitted: Thu, August 19, 2004
  • Updated: Thu, August 19, 2004

  • Reported By:Marion Iowa
Arcadia Transouth Financial
P.O. Box 8021 South Hackensack, New Jersey U.S.A.

Arcadia Trans South Financial ripoff more than 80% of auto payment going to Interest alone South Hackensack New Jersey

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Ripoff more than 80% of auto payment going to Interest alone. Since I have been making payments for over a year, my balance has not budged one little bit, my original car loan was just over 10,000.00 my balance now is 10,134.69. Yes I had a few late payments where I didn't pay the overage, but how could my balance not go down? Out of a payment of 301.00 / mo, 215.00 goes to interest. NOT RIGHT! They scam you into thinking that you can get a loan now, good credit, bad credit, sure they'll give you a car if you are willing to pay the extra hidden fees and not ever expecting to get out of you loan. Very unpolite people work here too, not very professional, I have been hung up on twice when working with these people to try and lower my interest rate. SCAM!!! RIPOFF!!! NOT GOOD!!!!!

Mary
Marion, Iowa
U.S.A.

This report was posted on Ripoff Report on 08/19/2004 10:11 PM and is a permanent record located here: http://www.ripoffreport.com/r/Arcadia-Transouth-Financial/South-Hackensack-New-Jersey-07606/Arcadia-Trans-South-Financial-ripoff-more-than-80-of-auto-payment-going-to-Interest-alone-104547. 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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