I went into the company in June last year 2012 and got $1900.00 loan with my title for a 2004 Chevy Impala. The agreement was supposed to be that I would have it paid off with that payment amount by Christmas.
Christmas comes and I go in to make my payment and these people are telling me I owe like $2400 still. I asked what would it take to make it paid off that next payment and they told me it would be $2000 dollars.
So in February of 2013 I had made $3213 in payments and decided I would try to get out from under these people by giving $500 and they said they would stop interest on the loan and that totalled me in paying $3713 and I would have to make 3 payments of $350.00.
Now I am no math expert but that would round off a $2000 dollar loan to $4763 dollars. That is outrageous. I refused to pay it and I am seeing via the internet that I am not the only one scammed into this kind of mess. I also have had harrassing voicemails from the company.
I advised the company in February the car was down and needed a new transmission and that is why they worked out this deal but then come March they are trying to say it is 4 more payments of the $350 dollars. I also tried to sell the car for $1050 dollars which was originally the pay off amount so I could get the company its money and get out from beneath the loan and when I called the company they then said they would not take that amount for pay off the new total was $1900 dollars.
Obviously this company is lying and being money hungry because they could've settled my debt but instead refuse. So, now the car is just sitting and I am just waiting for them to pick it up and at this point I do not care because they are scam artist. The car is blue booked in fair condition with all running parts at $3357, so I took the amount of a new transmission and repair of $2000 out of the blue booked price and the cost would be $1357 dollars that they could get out of it. So, I am not going to pay them. I am going to let them come get the car and deal with it.