- Report: #553162
Complaint Review: C.N.A.C. / JD BYRIDER
| C.N.A.C. / JD BYRIDER 1107 Oliver Road
Monroe, Louisiana United States of America |
|
C.N.A.C. / JD BYRIDER CNAC This Company will RUIN you Monroe, Louisiana
*General Comment: Is it really worth a felony?
*Consumer Comment: Read your contract.
*Consumer Suggestion: Not sure what you are complaining about...
*Consumer Suggestion: Know your situation
Does your business have a bad reputation?
Fix it the right way.
Corporate Advocacy Program™
This report was posted on Ripoff Report on 01/12/2010 12:50 PM and is a permanent record located here: http://www.ripoffreport.com/r/CNAC-JD-BYRIDER/Monroe-Louisiana-71203/CNAC-JD-BYRIDER-CNAC-This-Company-will-RUIN-you-Monroe-Louisiana-553162. 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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Search Tips#1 General Comment
Is it really worth a felony?
AUTHOR: chadro_6963 - (United States of America)
SUBMITTED: Sunday, September 18, 2011
Ive seen finance mangers acually jailed for this. This is called fraudulent conversion of a motor vehicle. There is no balance because you took possession of a vehicle. You waived your rights to payment becasue the car is being resold on the lot. Two contracts cant exist on the same VIN number. Also depending on the state you can be charged with VIN fraud. You voided the contract when you repo'ed. Ask any judge. The original poster can find out who owns the vehicle, track them down and give a copy of their contract to the police. Take a photo of the car on thier selling lot if it hasnt been resold. Then submitt that to the local police department. Write up a complaint saying they are writing multiple contracts on the same good. They can charge the company with a 3rd degree felony plus identity fraud. If this isnt English yet for you, 2 people cant pay on the same goods and services. Its called conversion theft and you will go to jail. Ask your self this? Is a repossession really worth going to jail for?
"How exactly were you ripped off? "
You have a serious issue on your hands and I would not treat it as a joke. Not only you charged them 3 times a price of a car, you didnt stand behind your end of the agreement, which is an insult becasue the borrow payed above and beyond.
"You were the one who borrowed money and never repaid it." And you never performed your end of the obligations. Which actually occured first!
"Maybe CNAC should file a Ripoff Report on YOU!"
Grow up. Your suppose to represent an organization. The posters complaint is completely legit and your counter is not it actually exposed you to some felony charges.
#2 Consumer Comment
Read your contract.
AUTHOR: Elizabeth - (United States of America)
SUBMITTED: Thursday, February 04, 2010
#3 Consumer Suggestion
Not sure what you are complaining about...
AUTHOR: June bug - (U.S.A.)
SUBMITTED: Thursday, January 14, 2010
#4 Consumer Suggestion
Know your situation
AUTHOR: FinanceNinja - (USA)
SUBMITTED: Thursday, January 21, 2010
The key bit of information that you have to consider when dealing with any "finance" company is knowing your own situation. CNAC has a very strict payment policy for a reason. They deal in a very bad "sub-prime" consumer market. That means that 85%, or more, of their customer base can not get approved financing from another lender. They finance people with bad credit and bankruptcy. They have to protect themselves by ensuring they have a very strict payment policy. I see all the time that people complain about buying a car from a company and they were overcharged. Well, if you knew your buying power, then you would never be over charged. If you have to go to a car dealership that does self financing then maybe you should get all of your other affairs in order (i.e. credit) before purchasing a vehicle. If you "need" a car and have to go to a "self financing" car dealership, then you just have to deal with the policies. Now, obviously, they shouldn't be taking items from your vehicle or holding your house keys for a weekend, but you signed the contract. It states they have no tolerance for late payments. You have to deal with it. Prioritize your life and become a better money manager, that's the key to success consumer purchases. Oh, and in regards to it being open on your credit report, if you still owe them a balance, even if it was charged off, it is still going to show on your credit report as open. Good luck.

