Way back in 2002, I went on line and was approved for a loan from RoadLoans,com (Owned by Triad Financial at the time) and all though the interest was a little high, I got a great deal on a 1999 Ford Pickup truck. After the first 30 days of a sweet deal, a nightmare creeped in and has never left after 9 long years.
I have read all of the complaints against RoadLoans.com and I can believe all of them. I made payments and got behind, so my business partners wife sent in a check for the 2 payments that I was behind. One month they would say that the check had been applied and then the next it had not been applied, BUT they sure did cash the check. In 2006, they still wanted those additional payments, so I advised them to send me a full account of all payments received and applied to the loan. They said they would but never did. They still continued to call wanting money and threating to repo the truck. I finally told them I would not make any further payments untill I received the requested information and if they wanted the truck to come and get it.
A couple of weeks later a man named "Rocky" (talked like he was from Boston) called me and said he had an order to pickup the truck. I told him fine and he picked up the truck on March 16, 2007. I called him on March 17, 2007 and he said he had the truck and it would be sold at acution.
About six months later I got a letter from Triad stating that they had sold the truck for all but $370.00 of what I owed them. When I asked if they had applied the missing funds they said they had not. Ever since then the loan keeps getting sold to different collection agency and every 2 or 3 months some other Repo person calls me wanting to pick up the vehicle. Traid could not come up with the truck or the title when I agreed to pay off the $370.00 and they report that I owe them over $9800.00 on my credit report. They go to my ex-wifes house that I have not been married to since 1992 and even call her work.
If we as citizens ran our business as they have, we'd be in JAIL! Some Attorney should get a class action suit against them, but triad has sold Road Loans to Santander in Tx and according to some of the other complaints the same practices are still going on.