I had heard many radio ads about this company for a long time. Eventually found myself in a desperate situation trying to put myself through college on top of everything else. So, I took out a loan against my car title, and being a bit naive, did not fully read the agreement. The principal amount was $3400, monthly payments at $450. Again, being in a very desperate situation I agreed to it. I made the first few payments with no problems but then, life happened. I was out of work and hospitalized for a short time due to an illness and was two weeks late on a payment. Little did I know that after just 14 days, they send your file out for collections.
Well, my first day back to work I received a call from someone identifying himself as 'Investigator Daniels' and he was calling to work with me to arrange a time that they could come get my car as a voluntary repossession and I can talk to the finance company about getting it back, or if I try to hide from them they will find me because they will get the Sheriff's office involved as an attempt to defraud a finance group and make my life a living h*ll. So in believing him, I was willing to do what I needed to do, pay the rest of the loan off and get my car back. That's when the nightmare actually started.
This company got away with so much extra money it should be a crime against them. Not only did I have to pay the initial principal of $3400, I also had to pay $450 for the payment that was missed, another $260 for interest on late fees, and a b.s. charge of $22.50 for postage, for a grand total of $4200. Not to mention another $600 just to get my car out from the storage yard. SO, this company made about $2000 in monthly payments that I made, on top of the $800 they charged over what I initially borrowed to begin with. And they got their money back.
Companies that do things like this should not be allowed to do business with their intent to scam consumers instead of actually helping them with their financial needs. This company is crap. At the end of the day, I have learned many lessons from this experience but only hope that they soon get what they deserve for ripping people off the way they do.