Complaint Review: Traid Financial Corporation

I purchased a car through Triad Financial 4 years ago. I was in a bad situation and really looking for a lender with a far rate. I understood I was not an A or B candidate but was looking to be treated fairly. I purchased a car for $12,000 and it turned out to be $19,000 with interest and all the other additions. I made payments for 3 years with not problems but this last year has been a struggle because of the economy here in Michigan. I lost a very good job. I asked for a loan modification or something to help shorten or lower the cost. I was told no, they are no longer able to rewrite/write loans. They can only continue to service the current loans written. Well after 4 years of payments at $377 a month, I have paid well over $18,000 and still owe $9,000. I truly feel like I have been ripped off and taken advantage of. Is there anything I can do outside of just giving the car back? They said the blue book value of the car is $5,900 and they cannot rewrite the loan for this amount to avoid a voluntary repossession.

Angelia
Detrot, Michigan
U.S.A.