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Report: #634461

Complaint Review: Americredit - Arlington Texas

  • Submitted:
  • Updated:
  • Reported By: energybill — Barrington Illinois United States of America
  • Author Not Confirmed What's this?
  • Why?
  • Americredit 4000 Embarcadero Dr Arlington, Texas United States of America
  • Phone: 8002842271
  • Web:
  • Category: Loans

Americredit Usurious Fees Arlington, Texas

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Just got off the phone with The Texas State Attorney's Office Greg Abbott 214-969-5310 extension 8825 Joanne. They are close to launching an investigation of this company but would like some more complaints to do so. You can easily file a complaint online at http://www.oag.state.tx.us/consumer/complain.shtml or send it by USPS Below is a letter which describes my complaint

I have recently made the final payment on my 2004 Mercury Grand Marquis and was amazed to find out that besides the $179.56 in late fees and $39.28 interest due there was a usurious fee of $3,782,31 added on. This is of course absurd as that would make the total payoff over 60 months $31,406.32 on a $17,264.74 loan (81.9%!!!) instead of the agreed on $27,624.00. The $3,782.31 is a fictional fee that cant be explained by any accounting method. This is neither an amortized amount nor straight line interest. Your term for it is extension fee I have paid the $218.84 in late fees and interest and will pay the 4 installments of $1,005.02 by the 27th of each month as agreed with your employee James. However please be advised that if the full $3,782.31 is not forgiven by Tuesday August 10, 2010 I will notify the Attorney General Greg Abbott of Texas in regards to the usurious charges.

This report was posted on Ripoff Report on 08/25/2010 01:29 PM and is a permanent record located here: https://www.ripoffreport.com/reports/americredit/arlington-texas-76014/americredit-usurious-fees-arlington-texas-634461. 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. READ: Foreign websites steal our content

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