Complaint Review: Consumer Portfolio Services

LOL Robert I thought you had given up on trying to defend this unreputable company back in 2015 when I called you out with actual facts!

However it now seems that CPS is back to using their old tactics once again after trying to be good little boys and girls for two years.  Obviously they think that the courts will have forgotten how BAD they were and will forgive them if they go back to their old ways once again :They wish"

I'll be keeping an eye open for your rebuttals from now on as I see you are back trying to support them and posting your usual denigrations of anyone who dares to call CPS out and expose their practices!

But for people who don't know my original posts here's how CPS treated me.

I paid without missing a single payment for 36 months, then when my loan was fully paid off they asked for an extra $320 before they would release the title to me supposedly to cover administrative fees.  I took them to court and won when no-one turned up to defend my claim against them.  However it still took 18 months to get my title and the court awarded costs plus the payment for punitive damages.

During that time they tried to damage my credit rating by falsely claiming I was 90 days late after the court case in paying admin fees.  It tool me another month before the credit agencies verified that I was never late and remedied the damage but it was worth it as my rating jumped into the 700's ;)

So Robert how about either putting up or shutting up as I can easily provide documentary evidence which I would be more than happy to post here if you dispute my facts.

Your story does not float because, “doubling payments throughout my loan”, contradicts, “They were harassing via telephone for late payments”

It’s bizarre that you acquired late penalty fees on a loan that you sent double payments on throughout the term of the loan. I smell the manure too.

Sorry I call BS on this as this is not the full story.

This company is a "Sub-Prime" lender that means that they deal with people who have not proven they can handle credit.  

Borrowers who end up here are higher risk and therefore have higher Interest Rates and Fees. So don't say that you had excellent credit and could have gone anywhere because if you could have..you would have.  Because they deal with people who have a history of not paying their bills they are going to be a lot more agressive to make sure they get THEIR money back. But they have enough issues dealing with people who are failing to make their payments, they are not going to waste their time "harrassing" someone who is on time. Let alone someone who is current and making double payments.

Since you failed to post any details you could "claim" anything you want.  Short of you posting the full terms of the loan and your entire payment history we will just have to comment on what we see based on what information you decided to grace us with.  But again the fact that you are with a Sub-Prime company will automatically put any claims of you paying double payments or somehow getting charged more interest into the "Yea..sure" category.

If you truly have met the terms of the contract almost 2 years ago(according to your calculation) why are YOU still paying them? With the amount of money you claim you are paying extra you surely could routed that to an attorney. Since you obviously ran all of this through various Amortization Tables you know exactly how much extra you have been charged and exactly when it was charged.  Right? With all of this the case should be a "slam dunk"....so where is the lawsuit.

 My loan matured almost 2 years ago due to doubling payments throughout my loan.. with a little over 5k for interest I'm aware of! I did NOT put every little detail on here AS I've already spoke to reps .... what I'm stating is factual to include my calculations... To date i have paid over 25k again as confirmed with reps when I call! I don't need any remorse from you or anyone else! CPS was sued last year for this same issue of over charge and fees!

“My loan began November 2012 with a 42 month term at $429 per month… my loan matured almost 2 two years ago”

That is incorrect. The maturity date would have been April 2016, which is one year ago. You still owe due to your failure to honor the terms of the agreement.

“My original loan amount was a little over $13,000 .. as of May 2017 I have paid over $25,000”

$429 x 42= $18018 so you are in need of a calculator or you have paid an additional $7000 in penalties.

You agreed to the interest rate and penalty fees therefore you were not scammed. Your dissatisfaction with the interest rate is a case of buyer’s remorse.