- Report: #42870
Report - Rebuttal - Arbitrate
Complaint Review: Conseco Finance
Conseco FinanceP.O. Box 6172 Rapid City, South Dakota U.S.A.
Conseco Finance ripoff business should not be allowed to go bankrupt Rapid City South Dakota
*Consumer Comment: Conseco Finance Billing policies ..I have decided not to pay them another cent
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This never shows up on your payment statement. Call and ask for them to send you a copy of your full payment schedule and you will be amazed what you see. Now, you pay an extra $50.00 a month on principal thinking you can pay it off faster. Wrong!!! Your extra principal payment goes toward the ENC (Encurred Interest) for that month and then some. You are always in the hole. But you do not know this unless you know to ask for a copy of your history of payments. This is I have been told against the law.
A lender can not use your principal payment to pay interest owed. I am now filing a complant with of Department of Finance against Conseco.
I think every one that knows how to e-mail web pages should send this wonderful site to the Federal Trade Commission, their state Department of Finace, Bill O'Rilley, etc. Get the word out! I sent an e-mail to the bankruptcy court expression my opinion that Conseco should not be allowed to file bankrupt. My $26,000 mobile home is now worth nothing! I tried selling it but with all the dealers buying the repoed mobile homes for penny's on the dollar my mobile home is worthless.
Thanks for letting me vent....
This report was posted on Ripoff Report on 01/26/2003 01:25 PM and is a permanent record located here: http://www.ripoffreport.com/r/Conseco-Finance/Rapid-City-South-Dakota/Conseco-Finance-ripoff-business-should-not-be-allowed-to-go-bankrupt-Rapid-City-South-Dako-42870. 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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