Crescent Bank & Trust Don't Let Them Repossess Your Car! ripoff Shrevport Louisiana

We had purchased a vehicle with a high interest loan. (23.9%) Our loan was originally with American Investment Bank and sold several times til we ended up with Crescent. We fell behind and wanted to sell the car. We had serious buyers and could have gotten 3,000.00 + for the vehicle. They couldn't wait one extra day. Told them where to pick up car & keys, etc. They repo'd car and sold at auction for a little over $1,000.00.

Balance owed was still $4,000.00. I sold my house and tried to negotiate with them. We agreed over phone to $1700.00. They faxed over agreement to the tune of $2,500.00. I called right back and they said that was interest. (In hindsight I should have agreed to that amount). I refused to sign and they eventually turned me over to a lawyer. They sent a summons stating we needed to contact them within 10 days or be sued.

I again contacted their legal team and tried to work out a repayment plan. They wanted me to still pay interest up until I signed. I did not like the wording of the agreement and was also advised by an atty. not to sign their agreement. Go to court and the judge would most likely throw out all the interest. (Which is what I wanted). Well a year later I received a judgement to garnish wages with no notice that they had indeed filed charges.

I am now owing $8000.00. What a rip off this company is. I am trying to reopen the case to be heard by a judge. I am praying that we will at least have our day in court. They have been charging 23.9% on a car neither one of us still has. We know we owe the principal but we purchased the car when it was 4 years old and more than paid for what it sold for brand new.

Linda
Henderson, Nevada
U.S.A.