• Report: #778505

Complaint Review: consumer portfolio

  • Submitted: Mon, September 19, 2011
  • Updated: Mon, September 19, 2011

  • Reported By: steve — enola Pennsylvania United States of America
consumer portfolio
po box 57071 Internet United States of America

consumer portfolio CPS super high interest you call them and they tell you they are a recovery company.. Internet

*Consumer Comment: A few comments.

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been paying this car off for 5 years still not paid .. more and more charges and super high interest  very very rude phone calls every month any time of day or night..  high interest then a 12.00 charge to pay your bill ?? every paymentif this is for lower income com and bad credit why do we have to pay more if we make less?? hello obamma .. help

This report was posted on Ripoff Report on 09/19/2011 10:26 AM and is a permanent record located here: http://www.ripoffreport.com/r/consumer-portfolio/internet/consumer-portfolio-CPS-super-high-interest-you-call-them-and-they-tell-you-they-are-a-reco-778505. 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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#1 Consumer Comment

A few comments.

AUTHOR: Flynrider - (USA)

"more and more charges and super high interest  "

Of course it's super high.  This is a subprime loan company.  They lend to people who have demonstrated a lack of responsibility in their finances.  Their higher risk means you pay higher interest.

"very very rude phone calls every month any time of day or night.."

 They don't call you because they're lonely.  They call because your payments have not been showing up on time. 

"every paymentif this is for lower income com and bad credit why do we have to pay more if we make less?? "

 I'll try to explain this simply.   You don't pay more because you make less.  You pay more because you have a history of not paying what you owe (i.e. bad credit).    Do you think you should be rewarded for that with a lower interest rate?  

hello obamma .. help "

 Do you really think any politician cares about this?   If anything, they care a lot more about finance companies that send them large contributions.   Those contributions are converted to political advertisements and PR which give you the impression that they give a hoot about your problems.   Wake up and smell the coffee.
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