AmeriCredit Repo by AmeriCredit Ripoff Arlington Texas

Apparently there is little or no understanding of what you got into. Americredit is a sub-prime lender...they specialize in financing vehicles for people who have bad credit. People get bad credit because THEY have a HISTORY of paying their bills late or not paying them at all. Because there is more risk to Americredit, the interest rate is higher. The reason you owe so much after the repo is because you were UPSIDEDOWN in the deal. This happens because YOU put little or no money down or you have a loan contract which is too long. All this is very obvious IF you take time to read the contract and use a calculator to figure the numbers. If they sue you for what is left over after the sale at auction, one of the possibilities they have is to garnish your wages. Whether they can do this or not depends upon state law. To say Americredit needs no reason to repo is just plain stupid. They make their money from your payments. If you make those payments on time, they make money and they are happy. To repo a car costs money. To sell it at auction then going after the debtor for the deficiency means they will just about always loose money.

I, will not do business with americredit seems like u will be walking if u get a loan threw them later, all loan companies like americredit treat people like crap!. Americredit, can repo your car & make up anything sure its true nobody can recover their loss but this website, can help many people not to become another victim of americredit. These, days we do not have rights anymore they can just repoe your car for no reason I have been saved many times thanks to rip-off, report & my money, americredit is one of those bad businesses u need to, stay clear of or u will get screwed!.