Prestige Financial Mike, Sabina Pedatory lendor/Scarr and intimidation pratice, Internet

Let's see, out of the clear blue sky the lender starts making collections calls and for absolutely no reason they repo your car because somebody within the company wants it! 

Again, where do you sorry people come from???

They made collections calls because YOU were late with YOUR payments.  They contacted references because YOU weren't responsive.  They did a repo of YOUR car because YOU did not live up to YOUR end of the contract YOU signed to make each and every payment on time!

This is nothing more than another case of some sorry subprime thinking welfare type blaming the lender because the sorry welfare type did not make payments on time.

And no, I don't work for them.

So, having an open chapter 13 does NOT automatically infer a low credit score.  I was approved for a loan by Prestige (I had to find out on my own, since the dealer did not tell me; I logged into Equifax and checked), but refused to sign because of the research I read by others who had been ripped off. I can see (not literally) the Prestige employees in disguise refuting the rebuttals as plain as the nose on my face, and they and also the complainants have convinced me thoroughly that I made the right choice by NOT signing with them, nor will I ever.

Thank you, complainants, for having the courage to tell your story and spare me the troubles you went through.  May you and I both make better decisions in the future and avoid predatory lenders like Prestige at all costs!

Wow, it feels good to live life without a car payment!  Thank God for BK protection!  I am going to use the card I've been dealt and play it well and count my blessings!

I'm having a hard time with this one. We had no trouble for the year we were with them.



We as well as anyone else who's real only option is prestige finance had a low credit score due to a chapter 13 filing. Of course it is high interest rates- ours was around 17.25% starting out. If you want a car and have to finance it and you can't get credit by any other means, and you CHOSE this option you have to deal with it. We understood that.



What you are forgetting to mention is if you keep insurance and make your payments on time they reduce the interest as much as .50% every 3 months until it hits around 12% which is still high but much lower than 17-24% reducing your total balance. It really does help. Plus they report your payment history every month boosting your credit score and giving you positve credit. Of course if you don't make your payments it will not be good credit nor help your score and you won't get rate reduction, but this was a great program to begin rebuilding our credit after a Chapter 13.



While yes I admit if your payment is due on the 9th and they don't have it on the 8th you will get a "reminder call" and that was annoying and if they don't have it on the 9th yes you might get more calls and so on. They deal in HIGH RISK loans. When we traded in our car they called us on the 10th wanting the payment and we told them we traded it in and they said the debt was still our responsibility. So YES they are a little demanding for their money but they did not cross the line with us. Apparently they got their payoff on the 12th because they closed my account and I could not access it online but we got no calls after the 10th.



You are absolutely right, they have no compassion. You lost your job they don't care they want their money. We had a death had to travel asked for a defferal and were told no. But then again they are in the business to make money and they don't want our problems to become their problems. Fair or unfair it is what is is- business. Sadly people take advantage of things when they find out people work with you and next thing you know no one works or helps anyone anymore.



Michael was our "account manager" and he was in Utah so unless you live there I can't see how he would show up at your work and threaten, now perhaps it was the repo man doing that claiming to be them because repo men are not always honest and will do just about anything to get a car. Yes that is still the finance companies responsibility in my opinion because they hired them. I would definately look into that. File charges for the threats!



We only paid on our vehicle for a year and then traded it off and got a vehicle financed with Wells Fargo at a lower interest rate. I'm not crazy about Wells Fargo but we are saving a little money and I got a new car, so maybe in another year I will refinance this with a different bank. Maybe you could have tried that or file for chapter 13. It protects your assests and you can pay a little back to your debtors over time with no interst. If you lost your job you may need some kind of help anyway and at least that would help reduce your stress level.



Also, your right they won't refinance the loan because they would lose all that money in interest. Maybe you could try a credit union or something. It's so silly because they do loan money and you would think they would want to help the customer.



But they can't repossess legally unless you have not made your payments and there is a whole process to go through. Your balance is high if they do repossess because they sell you a car they know you need at a higher price, then you have to pay a lot more in bank fees/ fianance charges and usually around 125% or more (over book value) by the time you walk out PLUS finance charges, so even if you make a lot of payments you still owe a lot of money. That is why the term is longer. When they auction it off, no one is going to pay over book value for it and it is usually sold to wholesalers who pay 75% of BLACK book value or less (which is way lower). It's a sucky process I know but until your credit score improves you are stuck and it's not fair, i've been there- no one will work with you or give you a chance and stuff keeps happening.