ED Magedson – Founder
citifinancial AutoP.O. Box 961245 fort Worth, Texas United States of America
On 02/02/05 I opened an account with Arcadia Financial Ltd to buy a 2002 Ford F150. It was sold to me for $19460.00. The finance charge was $133377.04 with a 18.75% rate. On my contract it states that I will totle out paying $33973.24 for a Ford truck at 72 payments. It is 1/12/2011 and they have sold my account my account twice since then. I was with Citfinancial Auto and now just last month they sold my account to Santander Consumer. They told me I still owe $6200.00. as of today. I have my history of payment and know that on alot of the payments it showed that I paid 456.07 and 439.85 was applied to just the interest and 16.22 applied to the loan. SOMETHING NEED TO BE DONE WITH THIS TYPE OF RIP-OFF THAT GOING ON. LETS FILE A CLASS ACTION !!!!!!!!!!ASAP
This report was posted on Ripoff Report on 01/12/2011 11:25 AM and is a permanent record located here: http://www.ripoffreport.com/reports/citifinancial-auto/fort-worth-texas-761611245/citifinancial-auto-arcadia-financial-over-charged-for-finance-cherges-and-interest-fort-w-681676. 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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