• Report: #252568

Complaint Review: National Credit Acceptance

Thank You

Read how Ripoff Report saves consumers millions.

  • Submitted: Tue, June 05, 2007
  • Updated: Thu, April 14, 2011

  • Reported By:Near Sacramento California
National Credit Acceptance
1731 Howe Avenue #254 Sacramento, California U.S.A.

National Credit Acceptance NCA 173 legal loop holes to rip you off Sacramento California

*Author of original report: how can this be

What's this?
What's this?
What's this?
Is this
Ripoff Report
About you?
Ripoff Report
A business' first
line of defense
on the Internet.
If your business is
willing to make a
commitment to
customer satisfaction
Click here now..

Does your business have a bad reputation?
Fix it the right way.
Corporate Advocacy Program™

SEO Reputation Management at its best!

Despite an arrangement I had to pay off MBNA with interest free payments, they sold my debt to NCA. NCA contacted me and demanded payment. I was losing my house, unemployed due to a dramatic economic downturn in Silicon Valley and frantically looking for work. After articulating my situation and desire to retire my debt, NCA threatened to sue.

I told them that I was not disputing the debt, simply unable to commit until I had an income stream. Well, they sued and got a judgment. I don't recall being served, receiving any documentation and as a result, missed my court date. NCA was awarded over twice the face value of the debt. Assuming they paid 1.5% of the face value of the debt of $4,400 and received a judgment for $10,000, their profit on my misfortune was 1,500%. They levied my bank account for $4,000 which was an advance on proceeds to prepare the house for sale.

I have made four requests for a line list of charges from NCA, legal fees, interest and so forth which have been promised but not delivered. There seems to be a common theme here regarding hollow promises from NCA. NCA has turned my life up-side-down and I desire to help others victimized by their marginal legal practices.

Depending on the response, I will host a website specific to NCA complaints in hopes we can collectively demonstrate a pattern of unethical business practice. I will also work on retaining an attorney to seek punitive damages for unpaid balances they owe. They should pay no less than the same interest on money they owe as they charge for money they feel is owed them. If you have had a bad experience with NCA I want to here from you. I also want to let merchants selling their debt know the way their clients were treated. On the basis of my experience with NCA, I will never do business with MBNA again.

Don
Near Sacramento, California
U.S.A.

This report was posted on Ripoff Report on 06/05/2007 08:58 PM and is a permanent record located here: http://www.ripoffreport.com/r/National-Credit-Acceptance/Sacramento-California-95825/National-Credit-Acceptance-NCA-173-legal-loop-holes-to-rip-you-off-Sacramento-California-252568. 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.

Ripoff Report has an exclusive license to this report. It may not be copied without the written permission of Ripoff Report.

Click Here to read other Ripoff Reports on National Credit Acceptance

Search for additional reports

If you would like to see more Rip-off Reports on this company/individual, search here:

Search Tips
Report & Rebuttal
Respond to this report!
What's this?
Also a victim?
What's this?
Repair Your Reputation!
What's this?
REBUTTALS & REPLIES:
1Author 0Consumer 0Employee/Owner
Updates & Rebuttals

#1 Author of original report

how can this be

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

If at first you don't succeed at stealing and cheating, get a lawyer to give you a second or third chance.
Respond to this report!
What's this?
Report & Rebuttal
Respond to this report!
What's this?
Also a victim?
What's this?
Repair Your Reputation!
What's this?

Advertisers above have met our
strict standards for business conduct.



Ripoff Report Legal Directory