ED Magedson – Founder
Drive Time CorporationDallas, Texas United States of America
First, I was really excited to learn that I was able to purcahse a vehicle. Fresh out of college, oblivious to my surroundings, a friend referred me to the company, so I went and applied and BAM...was approved on the spot. I was making my purchases every 2 weeks on time. I lost my job due to a slumped economy however my last pay check went to pay my car note. Not rent, car note. So as time goes by... I realized that the company known as Drive Time Credit Corporation was once known as the ugly duckling. Pretty much a company that preys on individuals with bad credit or no credit at all.
So 3 three months into not having a job, my unemployment finally arrives and I shoot them a cool $1000 to cover the charges that I owed. Somehow, a old man calls my house phone and my sister answers and tells him I am not home at the time(which I was not) and procedes to ask her to if the vehicle was outside and she was like what the hell sir i do not think you have a right to ask me that. And she hung up the phone. He calls back and tells her he is on his way and i better be there or else he is sending the poilce out to arrest me for vehicle theft, now at this time the vehicle had been in my possession for well over 4 years and I was only late a few times here or there but never missed a payment period so is that vehicle theft.
So I decided to call and work out a deal with them when it came to my payment plan. Not to mention they had my payment dates all wrong. I purchased the vehicle on April 20th somehow my new payments exactly one year later to that date were now April 1, which would put me exactly 2 weeks behind.
I ended up getting a letter asking for $17700 dollars to settle out my account. WHAT THE HELL? I had the vehicle for well over 4 years and its still not paid off. The amount they requested was all of finance charges. Even after I TOLD THEM I WOULD RETURN THE VEHICLE THEY STILL SAID I WAS GOING TO HAVE TO PAY THEM THAT BALANCE.. HELL NO!!!!!! DO I LOOK LIKE BOO-BOO HE FRIGGING FOOL!
PLEASE STAY AWAY... DO NOT GET SUCKERED INTO PURCHASING A VEHICLE....... SIMPLY PURCHASE A BUS PASS UNTIL YOU SAVE YOUR MONEY... THE INTEREST FEES ARE WAY TOO HIGH AND THEY WILL STOP AT NOTHING TO REACH YOU. YOU PRETTY MUCH HAVE TO MOVE AWAY AND CHANGE YOUR IDENTITY FOR THEM TO LEAVE YOU ALONE.
This report was posted on Ripoff Report on 11/19/2009 08:49 PM and is a permanent record located here: http://www.ripoffreport.com/reports/drive-time-corporation/dallas-texas-75232/drive-time-corporation-ugly-duckling-dt-copr-dt-corporation-drive-time-the-go-to-guys-526125. 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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