ED Magedson – Founder
DRIVE FINANCIALhttp://www.drivefinancial.com/ Internet, Texas United States of America
I only wanted to add my piece.
I appears there are hundreds of rip-off reports and other complaints about this company.
I was promised 8% verbally provided I met all my payments on time. I got 24% with no chance to change this rate ever. EVER. Even if I pay early and in large sums for months at a time, my total barely changes. In fact, I have now sent them about 10,000 dollars and my balance has gone down 2000...
I never declared bankruptcy, I never missed payments, I didnt have bad credit... But this didnt stop this organization from lying ( of course, not in writing, so there is nothing I can legally do) verbally, and ensuring that the fine print makes me in debt 20 times the value of the car or loan...
Customer service is a joke over there. The few times I have called, the agents couldnt speak proficient enough English to explain the details of my contract. I dont mean that from a ethnicity standpoint, these people were simple ill-educated.
This company reflects the perfect example of everything wrong with our system. It is in the business of stealing as much money as possible from those that can afford it least and offering no support.
If you ask to speak to someone who actually knows what they are talking about, you are told its not allowed. It doesnt help that the loan comes from an internal department located in another country
I am not saying anything new. If I were you, I would walk, run or bike before taking a loan for ANYTHING with this organization. I intend on missing payments to save up the total on my own, and pay it off in one lump sum. Its the only way out. I loose money doing it this way and damage my credit history, but better than paying this company for the next 15 years, long after the car has most likely died.
What a joke. As a race, this organization is an insult to everything we, humanity, are capable of. It is the exact opposite of what we need to bring us to a better tomorrow. I use to be angry, mostly at myself, for this. But that has been replaced by a sense of morose. What a sad time to live in, where organized legalized extortion and theft are institutionalized
This report was posted on Ripoff Report on 08/20/2009 08:23 AM and is a permanent record located here: http://www.ripoffreport.com/reports/drive-financial/internet-texas-/drive-financial-salamander-drive-financial-drive-financial-are-a-crooked-corrupt-organiz-482851. 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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