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Report: #490121

Complaint Review: Auto Loan Finders, Inc - Hal Ross - KENNESAW Georgia

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  • Reported By: UpsideDownInGA — Jonesboro Georgia USA
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  • Auto Loan Finders, Inc - Hal Ross 1690 Robers Blvd. NW # 101 KENNESAW, Georgia United States of America

Auto Loan Finders, Inc - Hal Ross THIS COMPANY IS A SCAM! WON'T DELIVER WHAT WAS PROMISED & ALWAYS SELL YOUR LOAN TO ANOTHER COMPANY! WAS TOLD WE COULD HAVE THE CAR FOR 12-18MNTHS THEN WHEN CALLED TO TRADE IN WAS TOLD WE ARE UPSIDE DOWN.! KENNESAW, Georgia

* : Auto Loan Finders

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I am very disappointed with the service I have gotten with this Company.  There are too many businesses out here that are profiting off of bad service.  There are people that do struggle with credit issues for what ever reason & they try to help themselves but always seem to get caught up with such companies as Auto Loan Finders Inc.

We went there to purchase a second hand vehicle and were told that after "X" amount of time we would be able to trade in our vehicle for something else.  Being Credit Challenged we really believed this Company was helping us.  So therefore we took the high "600" a month payment (since we were told this would help build our credit faster) & left.

Now its "X" amount of time & we called to get our vehicle traded for something lower, being challenged by the economic crunch we sought out relief from the first vehicle they told us we would be able to get out of after we got to the time we were told. We have payed on time every month and held up a good relationship through 2 different loan companies.  First our Loan was with "IDA, Duluth, GA" who then sold our loan w/o notice or warning to a company in Louisiana..Now its out of state and hard to conduct business with this company in an efficient way.

After all this time we are told we still owe 16,000 plus on our car loan and in addition to that have 2+ years still left on our loan.  Everything we were told was false, they won't trade in your car after "any" amount of time. U are essentially dealt a hand that u can't otherwise get out of.  You will be stuck with payments that u figured would help your credit.  & last but certainly not least u will Be Upside down on your loan..Meaning your loan will always be more than your car is worth.

So no car dealership will ever trade in a car that u got from Auto Loan Finders Inc. Because they're vehicles are overprices and the loans are at high interest rates.  My suggestion is; if you have Credit issues please do buy your car cash or you are better off going to a "hole in the wall" dealership before going to them.

Someone needs to stop businesses from giving consumers false hopes, and overpriced and undervalued businesses. Its not fair to the ones needing the help & not fair to the Ones trying to help themselves navigate their way through life. This Company needs to be closed down or fined & brought before a jury of their peers to answer to they're bad business practices.

This report was posted on Ripoff Report on 09/04/2009 12:26 PM and is a permanent record located here: https://www.ripoffreport.com/reports/auto-loan-finders-inc-hal-ross/kennesaw-georgia-30144/auto-loan-finders-inc-hal-ross-this-company-is-a-scam-wont-deliver-what-was-promised-490121. 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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REBUTTALS & REPLIES:
0Author
1Consumer
0Employee/Owner

#1

Auto Loan Finders

AUTHOR: Auto loan finders - (U.S.A.)

POSTED: Tuesday, September 08, 2009

We are very sorry that your experience with our company may not have been what you expected, however we cannot control how IDA and your other bank operates. However we must make it clear that after X amount of time, which is 18-24 months, you will be able to trade out of your vehicle in favor of another at a reduced interest rate.


This is only possible if you make all of your payments on time with more than just your car. You must maintain good standings with any other credit you may have in order for your score to improve.


We are also very upfront about the fact that you will be paying more than the actual value of the car, it is an unfortunate result of the credit situation most of our customers are faced with and there is no getting around it. For this reason our dealership works with our customers to provide them with the opportunity to trade out of their vehicle with us later on once they will be able to get a reduced interest rate to save them money over the long haul.


We are sorry that you are not happy with your situation but we have done whatever we can to make the best of it for you.

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