• Report: #1123433

Complaint Review: A-L FINANCIAL CORP

  • Submitted: Thu, February 13, 2014
  • Updated: Thu, February 13, 2014

  • Reported By: Andrew — Santa Rosa California
A-L FINANCIAL CORP
675 north 1st street ste 200 San Jose , California USA
  • Phone:
  • Web:
  • Category: Banks

A-L FINANCIAL CORP ILLEGAL PRACTICES, PLEASE CALL xxx-xxx-xxxx  TO JOIN OUR LAWSUIT San Jose California

*Author of original report: Recession took my 3 businesses

*Author of original report: Right to suit for monies paid toward interest

*Author of original report: SEE U IN COURT

*Author of original report: Not operating by state guidelines

*Consumer Comment: OK

*Author of original report: Consumer rights , illegal practices

*Consumer Comment: I don't know what the laws are you claim they are breaking...

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 First of all, I am rich and I make enough to pay 15 of these car payments a month, so be known that I can afford it. This company practices illegal practices. When I bought the car, I accepted the high interest rate on one condition, that I be able to make payments toward the principal , to get out of some of the interest. The. Company agreed. But when I tried to make extra payments to go along with the interest , they would not allow me to. I tried and tried, offering extra monies per month but they refused to accept or apply it to the top of the loan. When I asked that it be done they just gave me the runaround and they used trick conversation to try and put me at ease. But bottom line us they would not accept principal payments, which are payments that come off the top of the loan. And not towards the monthly. These are extra payments to reduce the payoff and allow the loan to collect less interest than previously computed, because the loan is being payed off early. But thus company will to let you do this. This company practices illegal practices in order to obtain maximum profit and this is illegal. If this company has done something similar to you, or anything at all that you feel wrong, please CONTACT ME AT (((REDACTED))) TO GET A LAWSUIT GOING. LETS BATTLE THIS COMPANY IN COURT AND MAKE THEM CHANGE FOR THE BETTER . CALL (((REDACTED)))  ask for Andrew


This report was posted on Ripoff Report on 02/13/2014 04:33 PM and is a permanent record located here: http://www.ripoffreport.com/r/A-L-FINANCIAL-CORP/San-Jose-California-95112/A-L-FINANCIAL-CORP-ILLEGAL-PRACTICES-PLEASE-CALL-xxx-xxx-xxxxnbsp-TO-JOIN-OUR-LAWSUIT-S-1123433. 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:
5Author 2Consumer 0Employee/Owner
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#1 Author of original report

Recession took my 3 businesses

AUTHOR: Andrew - ()

Recession took my 3 businesses, but I soon recovered, unfortunately with bad credit, but still the skill to overcome. I wanted to get a loan on this Lexus gx470 to help rebuild my credit, but on a normal loan, a loan that operates on state guidelines, of which this company is not. 

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#2 Author of original report

Right to suit for monies paid toward interest

AUTHOR: Andrew - ()

I have the right to suit for interest incurred , that is the jist of it, and so are other people who have been affected by their illegal practices. So this could be a retroactive lawsuit affecting them in the millions. 

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#3 Author of original report

SEE U IN COURT

AUTHOR: Andrew - ()

We will see what the judge says. GOOD DAY. FINAL COMMENTS.  The state guidelines on retail installment contracts have been broken because they deliberately Barr me of my right as a consumer to pay toward the top of the loan. To an attorney it is clear what I'm saying, as it is to me because I have a high I.q. , but apparently you mr. Argumentative consumer , who is probably really the accused, obviously does not. Good day. Final COMMENTS . SEE YOU IN COURT. 

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#4 Author of original report

Not operating by state guidelines

AUTHOR: Andrew - ()

In the state of California , the retail contract guidelines in place sTate that unless specified in the contract, that principal payment May not be made, then payments toward the principal MAY BE MADE.   Therefore this company is in violation of breaking state guidelines. While this may not be a criminal violation, it is definitely one that can be pursuit in civil court. 

There's no telling how many others this company has violated in tHis manner, or in another manner. this company should be held accountable for taking advantage of its customers like this. There should be an attorney generals investigation, a class action lawsuit and they should have to pay all of their customers retroactively for the past 5 years

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#5 Consumer Comment

OK

AUTHOR: Stacey - ()

 You are rich but you took out a high interest loan for a car.  Hummmm - I find that hard to believe.  And as for your "legal team" good luck on that.  Sounds like a load of crap to me.

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#6 Author of original report

Consumer rights , illegal practices

AUTHOR: Andrew - ()

They are performing illegal practices by not allowing their clients to pay toward the principal. 

You see, I have a legal team working on this right now. 

And in the state of California, unless specified in the contract, (of which it is not) that no principal payments can be made toward the loan, then principal payments MAY be made. 

Since this is how the law reads on retail installment contracts in the state, then they must abide by that statute. 

Therefore, by not allowing me my right as a consumer, they have broken the law.

it may not be a criminal case, but definitely one that I will pursuit in civil court. 

 

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#7 Consumer Comment

I don't know what the laws are you claim they are breaking...

AUTHOR: Ken - ()

Could you cite the SPECIFIC laws you will be suing them for breaking? Just wanting them to do differently doesn't indicate they're breaking laws.  What will your lawsuit state is unlawful..remember, SPECIFICALLY.

Most loans allow an extra amount to be added to a payment which will pay the loan off sooner and save interest.

" I accepted the high interest rate on one condition, that I be able to make payments toward the principal , to get out of some of the interest. The. Company agreed"

Hope that's in the WRITTEN contract you signed, because if it isn't, you haven't a prayer.  The WRITTEN contract applies in EVERY case over what someone told you.  That's why it's called a contract. It binds both parties to the agreed to terms.

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