Americredit harrased me and my family by telephone. multiple calls were made within three minutes apart, i had to turn off the answering machine and sometimes unplug my phone. I spoke with the company explaining that i had lost a job and needed to defer payments, they issued a repo. they did not repo the vehicle, i hid it. but payments were caught up as i promised, still going through hell. Phoenix Az.
My vehicle was financed through Americredit, and for 2+ years payments were on time, but when I lost my job, i notified them to explaine the situation to them. Their willingness to work with me was limited. They issued a repo with $4000 left of the entire loan of $16,000. Needless to say I hid the vehicle, being forced to put an older car, which was paid for, in the shop to be repaired, costing me an additional $600.00+ to fix. As a single mother of two children and struggling to the extreme, i was determined to not loose my veicle. Once starting my job, I sent them $200-$400 every week until caught up. But still calls were made multiple times to my home number from morning to night and once a call came in after 9:00 PM. the answering machine, before being turned off, was nothing but Americredit messages. It has been awful. And yes now my credit is ruined. I do not recommend this company to anyone. Yes i feel that they should not be in business.
Tlt
PELAHATCHIE, Mississippi
U.S.A.
2 Updates & Rebuttals
Robert
Irvine,California,
U.S.A.
Why?
#3Consumer Comment
Mon, December 29, 2008
So let me get this straight..
You were behind on your car payments and had no way to make them up do to your financial situation. So far makes sense as that happens. But because the options were "limited" with AmeriCredit you decided to hide the car. Yet they are the RipOff?
So you now are "forced" to drive an older car that is paid for, by putting $600 in repairs into it. So are we to figure that you are more than $600 behind with AmeriCredit? Now, please take this as a sincere question. If you are a Single Mother and have a PAID-OFF car just lying around why did you not sell that car to make up for the payments you were behind. Not only would that probably get you even(or ahead), but you now have less insurance you have to pay because you are down to only 1 car. Or better yet sell this newer car. If you had a 3 year loan, and to have $4000 left on a 16K loan the amount of your payments would put it at about 3 years. You were probably no longer upside down and could have sold the car, received the title and still had some money left over to help you through this time.
Now, here is a shocker for you. AmeriCredit didn't ruin your credit. They are a Sub-Prime lender dealing almost exclusively with people who have credit problems. So you would have already had problems when you got this loan, it was then further damaged by your current situation. Believe it or not Banks are not Non-Profit institutions. No bank is going to allow you to just not pay your payments on high value items such as a car. If you get behind they are going to report it on your credit report. If you hide it they are going to look for it.
Mike
River Edge,New Jersey,
U.S.A.
How is this a rip off?
#3Consumer Comment
Mon, December 29, 2008
Can you please explain to me why you feel this is a ripoff? You signed an agreement with them to pay off a car loan with payments due over a set period of time for set amounts. You failed to make your payments and they want their property back.
Contrary to the popular belief on this site, creditors are not required to "work with you" if you lose your job. It's noce if they do, but they don't have to. It is YOUR responsibility to do what it takes to make those payments you agreed to in your contract.
As far as your credit being ruined, yes, that's what happens when you don't pay your bills.