Complaint Review: Arcadia Financial LTD

I was ripped off with Arcadia. I had a car that was valued at $10,000.00 financed with Arcadia. It was totaled. When I called to get the pay-off I was told that I was paying 20.2% interest rate for 72 months on a $10,000.00 car.

I was very mis-informed of how much they were charging for interest.I was told that this was a 48 month contract.

After the insurance paid off the "blue book value" of this car, I still owed $3,000.00 to clear the loan. I think that they should have took the pay-off as payment in full considering the 20.2% interest rate they charged.

I would have paid $19,370.00 for a vehicle worth $10,000.00
This should be againest the law.

Tiffany
Lawrenceburg, Indiana
U.S.A.