• Report: #412077

Complaint Review: Security National Automotive Acceptance Corporation (SNAAC)

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  • Submitted: Wed, January 14, 2009
  • Updated: Tue, February 24, 2009

  • Reported By:fayetteville North Carolina
Security National Automotive Acceptance Corporation (SNAAC)
6951 Cintas Boulevard Mason, Ohio U.S.A.

Security National Automotive Acceptance Corporation SNAAC, SNAAC is a finance company that takes advantage of young U.S. Soldiers just entering the military!!! Mason Ohio

*UPDATE Employee: SNAAC rebuttal

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SNAAC is destroying my life. I am a soldier in the US Army stationed at FT. Bragg and because of Security national I cant pay my bills. I was a new, single Soldier and I had never bought a car before and they told me that I was getting a great deal on a car. I needed a car and I believed them. They told me that My rate was very low and that I was getting a great deal. I bought a small 2 door car with 26,000 miles on it for $21,000.

By the time that I am done paying the car off I will have paid over $10,000 in interest alone and even though I have made every $700 payment on time for 2 1/2 years now, they still refuse to refinance me for a lower rate and lower payment. I have heard of several other people that were told that they were getting a good deal and are now having problems paying their bills because of the rediculously high monthly payments.

I am no longer a single soldier, but a married soldier with 2 kids that I have to support and the $700 a month car payments are making it almost impossible to pay my bills. Not to mention the fact the car now has over 100,000 miles on it and needs repairs every other month. I still have about 2 years left before the car is paid off and by then it will probably be in a junk yard somewhere.

Something has to be done before more innocent soldiers fall victim to this company. I was told that i was getting a fair and reasonable rate and if I am paying half of the cost of the car in interest then I would not call that fair.

Armylife
fayetteville, North Carolina
U.S.A.

This report was posted on Ripoff Report on 01/14/2009 02:53 PM and is a permanent record located here: http://www.ripoffreport.com/r/Security-National-Automotive-Acceptance-Corporation-SNAAC/Mason-Ohio-45040/Security-National-Automotive-Acceptance-Corporation-SNAAC-SNAAC-is-a-finance-company-tha-412077. 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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REBUTTALS & REPLIES:
0Author 1Consumer 0Employee/Owner
Updates & Rebuttals

#1 UPDATE Employee

SNAAC rebuttal

AUTHOR: Snaac - (U.S.A.)

Security National is one of the most respected auto finance companies in the industry. We regret any situation in which one of our customers is unsatisfied with their car buying and financing experience. Many of the challenging experiences our customers may complain about relate to the selling auto dealership, which we can not resolve. Please note that many inaccuracies may exist in the comments made on this site. This site does not confirm the accuracy of any of the information posted. Likewise, anyone, including Security National competitors may post fictitious complaints. We encourage our customers to visit http://www.snaac.com/ripoffreport.aspx to utilize our dispute resolution process or to better understand our role in their credit transactions.
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