Complaint Review: CNAC - JD BYRIDER

I purchased a 1999 Dodge Caravan from JD Byrider in January, 2007. The agreed purchase price was a little over $9000. I spent $1000 on the downpayment. Mind you the car had over 60,000 miles on it. The Blue Book was well below the agreed price. I had no choice at that moment, due to credit and mortgage obligations. Being a father of six, they saw a sucker coming. I had no choice at that point because I had to get to work. The agreed payments was $156 every two weeks which started in March. If you add that up, that would be $1000 down + 20 payments of $156= $4120. I called today to find out why I had not received a recent receipt and they stated that not only did they not do that any more, but my balance, which I knew was a little over $5000 was at $8175! I was told that interest accrues daily! At this rate, I will never get out of this loan and to top it off, the car has engine troubles and broke down on me two days ago. I have not been able to get to work and fear loosing my job if I do not get transportation.

CNAC is nothing more than a payday loan scam and I am hoping someone can contact the state Attorney General for all the customers being ripped off by this company!

Please help me get out of this lemon.

Shawn
East Stroudsburg, Pennsylvania
U.S.A.