CarMax Auto Finance Creative Finances Milwaukee Wisconsin

I read your entire ripoff report and I am still unsure of what Carmax did?
I have filed for bankruptcy protection before and I know it is standard that no creditor can contact you via phone or mail regarding any debt. There is no permission that you can give that circumcedes federal bankruptcy laws. So telling a manger it is okay to call you does nothing but maybe allow that conversation to continue that day. No company can contact you that you owe a debt to and has received your filing. Period.
Any dealership that you go to for purchase will use banks for financing and banks have to abide by bankruptcy laws. Any fees that accumalate during the process would be added to the loan payoff including late fees that cannot be collected because of the inability to contact the debtor.
So what does this have to do with Carmax? Didn't your lawyer explain this to you? Why would you rather walk?

CAF financing is a simple interest loan with no prepay penalties, but if you were late on your bill as you said and did not pay on time always you most likely had some late fees on the account. Not one person has ever had this problem. An example is a customer I was standin next to one daywhile they paid there final bill and they paid the amount of the monthly and that was it....so this is just you. I would suggest asking CAF...not carmax, CAF to give you a statement of account so you can look and see what happened over the course of the history that got you all twisted up.

Also in response to being able to buy a car new when financing is done. no matter what car you choose. when you finance you pay interest. period. so the interest does add up over time. This is not an amount you paid for the car, but rather to the bank. Sales alwys explains that you can refinance w/o penalty and that you can pay any amount above the monthly to reduce interest and cust down on principle.

I'm not quite sure what happened on your account, but CAF doesn't do creative financing.