• Report: #120355
Complaint Review:

Transouth - Arcadia Financial

  • Submitted: Mon, November 29, 2004
  • Updated: Mon, November 29, 2004

  • Reported By:Norcross Georgia
Transouth - Arcadia Financial
P.O. Box 8021 South Hackensack, New Jersey U.S.A.

Transouth - Arcadia Financial ripoff dishonest fraudulent practices South Hackensack New Jersey

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My car loan is scheduled to be paid off in April of 2005. As of Oct. 2004 I was notified my balance is 6,100.00 dollars on a 400.00 dollar a month loan (19.5% interest)? I have insisted on an audit of the account several times, but can not get anyone to help me. I did extend 5 of my loan payments over 4 1/2 years of a 5 yr loan. I did not have simple interest. I have rule of 78 were the interest is paid at the beginning of the loan. Today I was told by Transouth the loan was accuring interest daily. I did not understand why, and could not get a satisfactory answer.

Norcross, Georgia

This report was posted on Ripoff Report on 11/29/2004 05:50 PM and is a permanent record located here: http://www.ripoffreport.com/reports/transouth-arcadia-financial/south-hackensack-new-jersey-07606-8021/transouth-arcadia-financial-ripoff-dishonest-fraudulent-practices-south-hackensack-new-j-120355. 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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