• Report: #45719
Complaint Review:

Arcadia Financial LTD

  • Submitted: Mon, February 17, 2003
  • Updated: Mon, February 17, 2003

  • Reported By:CINCINNATI Indiana
Arcadia Financial LTD
P.O. Box4367 Carol Stream, Illinois U.S.A.
  • Phone: 888-350-9059
  • Web:
  • Category: Loans

Arcadia Financial LTD ripoff Carol Stream Illinois

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I was ripped off with Arcadia. I had a car that was valued at $10,000.00 financed with Arcadia. It was totaled. When I called to get the pay-off I was told that I was paying 20.2% interest rate for 72 months on a $10,000.00 car.

I was very mis-informed of how much they were charging for interest.I was told that this was a 48 month contract.

After the insurance paid off the "blue book value" of this car, I still owed $3,000.00 to clear the loan. I think that they should have took the pay-off as payment in full considering the 20.2% interest rate they charged.

I would have paid $19,370.00 for a vehicle worth $10,000.00
This should be againest the law.

Lawrenceburg, Indiana

This report was posted on Ripoff Report on 02/17/2003 12:26 PM and is a permanent record located here: http://www.ripoffreport.com/reports/arcadia-financial-ltd/carol-stream-illinois-60197/arcadia-financial-ltd-ripoff-carol-stream-illinois-45719. 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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