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  • Report:  #447471

Complaint Review: Americredit

Americredit will not work with anyone to keep your vechile Arlington Texas

  • Reported By:
    Dickson Tennessee
  • Submitted:
    Wed, April 29, 2009
  • Updated:
    Wed, April 29, 2009
  • Americredit
    P.O. Box 78143
    Arlington, Texas
    U.S.A.
  • Phone:
    800-284-2271
  • Category:

I have fallen behind on my payments and tried to work something out to refinance or defer a payment, they are not willing to do that. I have paid 2 yrs. on a 2006 upland and have paid more insterst then principal. Last month
I paid $265 dollars on principal & $190 on interest. The month before I caught up my payment and I paid $373 on principal &523 on interest. They are not willing to work with me to get my payments where they r not late. This is not much of a company if you ask me.

Tracy
Dickson, Tennessee
U.S.A.

1 Updates & Rebuttals


Flynrider

Phoeix,
Arizona,
U.S.A.

Don't expect much from subprime lenders

#2Consumer Comment

Wed, April 29, 2009

Americredit is a subprime lender. That means when you took out the loan, you probably had bad or no credit (and payed a hefty interest rate for the privilege). Subprime lenders are the "last chance" lenders of the auto industry. Since the loan is considered a high-risk from the start, they expect you to pay on time, every time. A borrower with a poor history is unlikely to get a break with this kind of lender. In their eyes, you already had a few strikes against you when they gave you the loan.

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