Gmac ripoff Wilmington nc

I haven't done business with GMAC since the mid 1970s. However, I will comment on this company. GMAC was always in the very beginning a company who financed cars. Many of us had used GMAC but due to their policies and questionable business practices during the 70s we were not repeat customers. I see now they have gone into the "mortgage business."

Very unfortunate for people not knowing who GMAC is affilitated with i.e. Bank One, Homecomings Financial and others. It is very important for people to check with the BBB (Better Business Bureau) as they have the "info" that you need when making such as large decision as to financing.

omecomings for example, if you check with the BBB, is not a repected bank or even finance company they are a "real estate" company. Many companies merge for different reasons, Homecomings merged with GMAC and it went down the line. This was due in fact to falling real estate ventures and a side line to make more money. Be very cautious with advertising especially on TV to liquidate your credit card bills and refinance your home.

For example.. UC Lending in the Northeast advertised to help consumers liquidate credit card bills and were quite successful, however, they sold these loans to different companies, not necessarily banks but other companies who were trying to stay in business and opened "finances companies" within their own company such as Homecomings Financial who are actually, according to the BBB, a real estate company.

We as consumers use credit cards, we feed this type of behavior every time we leave a balance on our credit cards. We are responsible for the behavior of GMAC, Homecomings Financial and other companies and we as consumers make them who they are. Solution you ask... You have probably noticed how easy it is to get a credit card, well how owns these credit cards?? Once you can establish that and get rid of "feeding these companies" you will not longer be victimized.

My advice.. get rid of the credit cards, if you need money save it, if you need a car save and pay for it or go to your local bank, someone who has been in business for many years and is local, credit unions etc, if you want to refinance talk directly to your lender in your area and make arrangements and find out what your local bank requires. Most community banks will work with you, keeping you away from these "fly by night companies" such as GMAC, Homecomings Financial and Bank One. We as consumers have given them millions of dollars and we as consumers can make or break these companies.

Most banking institutions in the community who have been there for decades are usually very reputable and professional and are very willing to work with the consumer when the consumer has financial problems. Hold the line on spending, get rid of the credit cards, control your own finances and stay away from anything that looks easy. I got rid of GMAC years ago and saved thousands of dollars, being able to establish a large company in the Northeast by saving my money not giving it to these companies.

I work with my local lender if I need cash for vehicles or expansion saving thousands of dollars and a lot headaches. Our wants are getting in the way of "common sense approach."

A common sense approach would work for most of us if we looked at what we want and ask ourselves "do we really need this?" With more and more goods coming into the market its very easy to over-spend. We are sometimes our worst enemy, credit cards today are not designed for the consumer but for the many fly by night companies listed above to make money, their only goal.

We are have made these companies big due to our own greed, feeding these companies, who write their own rules and the abuses will continue by these companies until we as consumers can put them out of business. We did exactly that during the 70s with GMAC financing vehicles and I can now see that they are in the "mortgage business." They write their own rules, are not a legitimate banking system, breedings companies such as Homecomings who they affilitate themselves with due to their lack of business, due to their own abuses.

Homecomings for example is a real estate company sidelining in "mortgages" probably due to the fact of "falling real estate ventures" and as this vicious cycle continues victimizing people, we are actually the ones who make them who they are by how we manage our own money.

Take the power away from these companies and put it into your own hands and you will see in time as we saw with GMAC that their power will be gone. I am very happy to have found this web site and as my business continues to grow my vehicles, my expansion in real estate will be financed by my local bank who I have relied on since the 1980s due to questionable practices by GMAC..

I control my own finances, do not use credit cards and "pay as I go approach" allows me to control my life, my finances and most importantly "leaves control in my hand not in the hands of "crooks."

i have all kinds of info for you will be glad to share it with anyone that this company has ripped off please see my story gmac deaf dumb and blind and to everyone please do not give up iam very close to haveing gmac in court and have been contacted by several attorneys that are looking into this company right now many of them i have posted their phone numbers in my complaint

i have all kinds of info for you will be glad to share it with anyone that this company has ripped off please see my story gmac deaf dumb and blind and to everyone please do not give up iam very close to haveing gmac in court and have been contacted by several attorneys that are looking into this company right now many of them i have posted their phone numbers in my complaint

i have all kinds of info for you will be glad to share it with anyone that this company has ripped off please see my story gmac deaf dumb and blind and to everyone please do not give up iam very close to haveing gmac in court and have been contacted by several attorneys that are looking into this company right now many of them i have posted their phone numbers in my complaint

i have all kinds of info for you will be glad to share it with anyone that this company has ripped off please see my story gmac deaf dumb and blind and to everyone please do not give up iam very close to haveing gmac in court and have been contacted by several attorneys that are looking into this company right now many of them i have posted their phone numbers in my complaint