JD Byrider CNAC Not Disclosing cost of Car, Making buy worthless Warranty, RIPOFF Bedford Ohio
JD.Byrider where to start but that they prey on people who need cars. I purchased a 95 Chevy Cavalier 4yrs ago. I do not remeber them disclosing the price of the actual car after the 24% APR then them making me buy som 700.00 warranty.
Well after 3 transmissions, a new engine that cost me 1200.00 cash out of pocket, a new alternator and some other things, my car was repossessed the other day without warning. The previous manager who worked at the place where I got my car after I had had so may headaches with this car I told him to come and get it. He said no and he would take care of the remaing balance which was never going down after 4yrs I still owed 3000.00.
After my car was repossesed I called them and could get no help they won't even give me my stuff in the car. My sons car seat and everything else. Someone needs to do something about these crooks. For the last year I never recieved a phone call or anything about owning any payment, but go to my car one day and it's gone. I have notified the Attourny General in which I have heard nothing. Now Im without a car and they won't even talk to me to try and work out a deal.
Kyle
parma heights, Ohio
U.S.A.
CLICK here to see why Rip-off Report, as a matter of policy, deleted either a phone number, link or e-mail address from this Report.
3 Updates & Rebuttals
Kevin
Orlando,Florida,
U.S.A.
JD Byrider/CNAC Customers finally get a break-Atty General Complaints Work!
#4Consumer Suggestion
Wed, December 07, 2005
This is taken from the Iowa Atty. General's Web Site. This trend will continue around the country if customers are persistant.
Auto Receivables Trust is providing a lower interest rate, $500 off the amount owed, and continued aid to consumers with non-maintenance repairs.
DES MOINES. Iowa Attorney General Tom Miller announced today that "Auto Receivables Trust" has agreed to significantly improve the interest rate and other terms of Dan Nelson consumer auto loans that the Trust bought from Nelson's financing company, South Dakota Acceptance Corporation, also known as Car Now Acceptance Company, or CNAC. The Trust purchased the loans from CNAC, and the loans are being serviced by EMCC, Inc.
Miller said the agreement between his office and the Trust will provide better loan terms to about 250 consumers whose auto loans were purchased by the Trust from Dan Nelson's financing company. The improved terms of consumers' loans will be applied automatically. The loans were originated at Nelson dealerships located in Des Moines, Council Bluffs and Sioux City.
"We appreciate the Trust's cooperation in providing better terms for consumers," Miller said.
The Trust's Dan Nelson customers serviced by EMCC, Inc., will benefit in several ways under the agreement:
The annual interest rate on loans will be cut to 17.95%. (Almost all now are at 24.95%.)
The principal amount owed will be reduced by $500 at the end of consumers' loans. (When consumers reach the last $500 in principal owed, their loans will be satisfied and the lien will be released.)
EMCC, Inc., will continue its current practice of aiding consumers with non-maintenance repairs to vehicles on a case-by-case basis.
All active contracts serviced by EMCC, Inc., will be deemed current. Even if consumers haven't made payments for months, they won't have to pay late fees or past-due interest.
Kevin
Orlando,Florida,
U.S.A.
JD Byrider/CNAC Customers finally get a break-Atty General Complaints Work!
#4Consumer Suggestion
Wed, December 07, 2005
This is taken from the Iowa Atty. General's Web Site. This trend will continue around the country if customers are persistant.
Auto Receivables Trust is providing a lower interest rate, $500 off the amount owed, and continued aid to consumers with non-maintenance repairs.
DES MOINES. Iowa Attorney General Tom Miller announced today that "Auto Receivables Trust" has agreed to significantly improve the interest rate and other terms of Dan Nelson consumer auto loans that the Trust bought from Nelson's financing company, South Dakota Acceptance Corporation, also known as Car Now Acceptance Company, or CNAC. The Trust purchased the loans from CNAC, and the loans are being serviced by EMCC, Inc.
Miller said the agreement between his office and the Trust will provide better loan terms to about 250 consumers whose auto loans were purchased by the Trust from Dan Nelson's financing company. The improved terms of consumers' loans will be applied automatically. The loans were originated at Nelson dealerships located in Des Moines, Council Bluffs and Sioux City.
"We appreciate the Trust's cooperation in providing better terms for consumers," Miller said.
The Trust's Dan Nelson customers serviced by EMCC, Inc., will benefit in several ways under the agreement:
The annual interest rate on loans will be cut to 17.95%. (Almost all now are at 24.95%.)
The principal amount owed will be reduced by $500 at the end of consumers' loans. (When consumers reach the last $500 in principal owed, their loans will be satisfied and the lien will be released.)
EMCC, Inc., will continue its current practice of aiding consumers with non-maintenance repairs to vehicles on a case-by-case basis.
All active contracts serviced by EMCC, Inc., will be deemed current. Even if consumers haven't made payments for months, they won't have to pay late fees or past-due interest.
Kevin
Orlando,Florida,
U.S.A.
JD Byrider/CNAC Customers finally get a break-Atty General Complaints Work!
#4Consumer Suggestion
Wed, December 07, 2005
This is taken from the Iowa Atty. General's Web Site. This trend will continue around the country if customers are persistant.
Auto Receivables Trust is providing a lower interest rate, $500 off the amount owed, and continued aid to consumers with non-maintenance repairs.
DES MOINES. Iowa Attorney General Tom Miller announced today that "Auto Receivables Trust" has agreed to significantly improve the interest rate and other terms of Dan Nelson consumer auto loans that the Trust bought from Nelson's financing company, South Dakota Acceptance Corporation, also known as Car Now Acceptance Company, or CNAC. The Trust purchased the loans from CNAC, and the loans are being serviced by EMCC, Inc.
Miller said the agreement between his office and the Trust will provide better loan terms to about 250 consumers whose auto loans were purchased by the Trust from Dan Nelson's financing company. The improved terms of consumers' loans will be applied automatically. The loans were originated at Nelson dealerships located in Des Moines, Council Bluffs and Sioux City.
"We appreciate the Trust's cooperation in providing better terms for consumers," Miller said.
The Trust's Dan Nelson customers serviced by EMCC, Inc., will benefit in several ways under the agreement:
The annual interest rate on loans will be cut to 17.95%. (Almost all now are at 24.95%.)
The principal amount owed will be reduced by $500 at the end of consumers' loans. (When consumers reach the last $500 in principal owed, their loans will be satisfied and the lien will be released.)
EMCC, Inc., will continue its current practice of aiding consumers with non-maintenance repairs to vehicles on a case-by-case basis.
All active contracts serviced by EMCC, Inc., will be deemed current. Even if consumers haven't made payments for months, they won't have to pay late fees or past-due interest.