• Report: #348124

Complaint Review: Peak 5 AKA Centrix Financial

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  • Submitted: Mon, July 07, 2008
  • Updated: Mon, July 07, 2008

  • Reported By:Hickory North Carolina
Peak 5 AKA Centrix Financial
6782 S. Potomac St. Centennial, Colorado U.S.A.

Peak 5 AKA Centrix Financial Peak5 Old name name Centrix financial is owed by Robert Sutton Fraud Centennial Colorado

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Centrix Financial LLC, Was Run by CEO Robert Sutton, This business is nothing but a bunch of crooks. They serviced auto loan contracts for about 250 credit unions, Centrix would receive your payments on time but hold them and apply them after your due date so they could incur a late fee and extra interest.

If you have a contract with them you need to use a loan calulator put in the amount, along with the down payment, and also enter the interest rate than calulate. It will tell you how much you monthy payment will be, and the interest you pay back.

I bet if you do this your payment will be less than what they have on the contract, If it is you can legally sue them for VIOLATION OF THE TRUTH AND LENDING LAWS OF THE CONTRACT AND WIN.

Check with your state to see if it has a Dept Of Finance Agency, If so file a complaint with them and seen them your findings they will investigate.
Also file a complaint with your states attorney generals office.

Also I ADVISE ANYONE WITH A COMPLAINT AGAINST PEAK5 OR THE CREDIT UNION INVOLVED TOO PLEASE PLEASE FILE A COMPLAINT ONLINE WITH THE FTC THERE WEB ADDRESS IS www.ftc.gov

If they receive enough complaints THEY WILL INVESTIGATE. Any federal agency who investigates such complaints will WIN before anyone else.

Centrix Financial LLC got into legal trouble a few years ago, They were using the credit unions money and investing that money into ROBERT SUTTON'S RACING TEAM AND VENTURES. He was hiding the earning statements financial records etc So the credit unions would not find out, But they wised up when they were getting the returns they were suppose too.

Three major finance companies also wised up when Centrix would not pay them back the 3.1 million dollars. When Robert Sutton found out the major finance company one of which was Wells Fargo was going to sue him and his company, He file chapter 11.

During the chapter 11 Robert Sutton and his crooked partners bought the business and named it Peak 5, The credit unions pulled out.

I had a loan with united credit union which the contract was serviced through Centrix, I paid on the loan for four years. I ask them what the paid off was and they said $12,000. I told them I only paid 12,945 with I bought the vehicle back in 2002.

I called the credit union who said the payoff was $5000. I offer $5000 to peak 5, They refused that offer. They first sent me a notice for 10,500 if You don't pay this amount we are going to repo.
the next month that amount ballooned to 12,500.

They repo the vehicle than I got a notice that they only got $1400 at the action. Repo charges 735.00, remarketing charges, 250.00. etc total balance you owe 10,234.

They already wrote this off on there taxes as a business lost.

They will try to collect the remaining balance, I bet they don't report that to the IRS. Also they suppose to have an insurance policy in place to recover any lost they don't get from the sale.

They will charge late fee's even when they receive on time payments. Also added on interest. Ask them for an certfied copy of your itemized payment history I bet they don't know what that is. I also bet if they do they will not send you one.

Do a search on www.google.com search Robert Sutton or centrix financial I bet you will find out all you need to know about these crooks.

HOW COME THE GOVERNMENT LETS PEOPLE LIKE ROBERT SUTTON OR BUSINESSES OWED BY PEOPLE LIKE HIM CONTINUE TO OWN OR RUN BUSINESSES IN THE ILLEGAL MANNER HE DOES ?

Hope this helps, Oh and also if they repo a car you have financed with them BEWARE THEY WILL GIVE OUT YOUR PERSONAL INFORMATION TOO THIRD PARTIES REGARDING YOUR ACCOUNTS.

AND IF THEY CANNOT FIND YOUR VEHICLE, THEY WILL HIRE A COMPANY CALLED REMARKETING SOLUTIONS OUT OF TENNESSEE, AND SOMEONE FROM THAT COMPANY NAME BARBARA BAXTER WILL CALL AND SAY SHE'S INVESTIGATOR BAXTER AND THAT IF YOU DO NOT CALL HER BACK BY 5PM SHE WILL HAVE THE POLICE COME TO YOUR HOME AND ARREST YOU.

I FILED A COMPLAINT ABOUT HER WITH THE ATTORNEY GENERALS OFFICE, AND SOME MAN FROM THAT COMPANY SENT A LETTER WHICH HE LIED AND SAID WE WOULD NEVER DO SUCH WRONG, FUNNY IT WAS ON MY ANSWERING MACHINE, EXPLAIN THAT ?

Also they will call people who live in your town that you don't even know and offer them $250.00 if you know or can locate the vehicle BY LAW THEY AREN;T SUPPOSE TO CALL CAN GIVE OUT THIRD PARTY INFORMATION, IF THEY DO SO YOU CAN SUE THEM FOR THE AMOUNT THEY CLAIM YOU OWE THEM PLUS DOUBLE THAT AMOUNT PLYS ATTORNEY FEE'S AND WHATEVER ELSE THE JUDGE FINDS JUST AND PROPER.

Jenny
Hickory, North Carolina
U.S.A.

This report was posted on Ripoff Report on 07/07/2008 05:15 AM and is a permanent record located here: http://www.ripoffreport.com/r/Peak-5-AKA-Centrix-Financial/Centennial-Colorado-80112/Peak-5-AKA-Centrix-Financial-Peak5-Old-name-name-Centrix-financial-is-owed-by-Robert-Sutto-348124. 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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