- Report: #193506
Complaint Review: Americredit - Fort Worth Texas
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Author Confirmed
Why?
Americredit
801 Cherry Street, Suite 3900 Fort Worth, 76102 Texas, U.S.A.
Phone:
1-877-203-5539
Web:
N/A
Categories:
Business Rating:
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Tell us has your experience with this business or person been good?
Americredit ripoff deceitful Ridiculous Outrageous dishonest horrible damaging collection credit collection charge-off avoid Fort Worth Texas
Hard times had led me to allow my car get repo'd in 2002. It was auctioned off and I was responsible for the remainder of the balance which was approximately $9000.
Now that my situation got a little better over the years, I figured I would take some responsibility towards the debt. Americredit, who approved the loan, took this as a primary oppurtunity to make things even worse.
I came up 2000 dollars short in settling the payoff of the account (50% of the original balance), so I arranged monthly payments. This voided out the settlement offer. Americredit then turns around and charges off the debt AGAIN thereby severely damaging my credit even further. To add gallons more salt to a wound, I was then notified that my my balance would accrue a 5% DAILY interest.
Let me say this again: 5 % daily interest which calculates to be approximately 450+ dollars extra a day. This is more than what my monthly payments are. My balance is now at over $11,000
How can Americredit expect anyone to try to resolve a debt if they make it insanely impossible to achieve by crucifying people financially and credit-wise? They state that such conditions were in the terms of the agreement. This may be true, but who honestly spends hours reading the miniature print when signing a whole bunch of documents. Similarily, does this give Americredit license to rape my mother if it was so stated on the agreement and I just so happened to miss it?
Because that is just exactly what this is: rape! What can anyone do to put Americredit out of their pathetic misery? I honestly don't know how anyone that works for them can sleep at night.
Joe
Wichita, Kansas
U.S.A.
Now that my situation got a little better over the years, I figured I would take some responsibility towards the debt. Americredit, who approved the loan, took this as a primary oppurtunity to make things even worse.
I came up 2000 dollars short in settling the payoff of the account (50% of the original balance), so I arranged monthly payments. This voided out the settlement offer. Americredit then turns around and charges off the debt AGAIN thereby severely damaging my credit even further. To add gallons more salt to a wound, I was then notified that my my balance would accrue a 5% DAILY interest.
Let me say this again: 5 % daily interest which calculates to be approximately 450+ dollars extra a day. This is more than what my monthly payments are. My balance is now at over $11,000
How can Americredit expect anyone to try to resolve a debt if they make it insanely impossible to achieve by crucifying people financially and credit-wise? They state that such conditions were in the terms of the agreement. This may be true, but who honestly spends hours reading the miniature print when signing a whole bunch of documents. Similarily, does this give Americredit license to rape my mother if it was so stated on the agreement and I just so happened to miss it?
Because that is just exactly what this is: rape! What can anyone do to put Americredit out of their pathetic misery? I honestly don't know how anyone that works for them can sleep at night.
Joe
Wichita, Kansas
U.S.A.
1 Updates & Rebuttals
Latonya
Killeen,Texas,
U.S.A.
Yes it is rape...
#2Consumer Comment
Sun, May 28, 2006
I just read your report and all I have to say is, yes it is rape. I was made to pay additional deferments that I never authorized which resulted in 7 extra payments PLUS the interest they applied to it. My credit report is showing a horrible, and I mean horrible tradeline from them. I went and recieved a personal loan and paid the whole balance off in January. As of today, when they advised that my title would be mailed to me in 30 days, I have not recieved it, (this is a few days until June). The many phone calls to them asking where the title is has done no good. Americredit claims that they do not have my address, however they sent a 19.00 check to my address AFTER this bogus lie. They sent statements in the mail to this address that they do not have on file. I would suggest you look over your contract and at the bottom is a agency that regulates Americredit. They have a website that you can fill in the online form and someone will contact you. Good luck.
