Complaint Review: Americredit - Texas

What's the problem here??? Any...repeat...any finance contract you sign requires you to make the monthly payment on time, everytime! The contract doesn't read: "you 'can' make your payment if you have the money". People need to use sub prime lenders like Americredit because they have BAD CREDIT. They got bad credit because They didn't pay their bills on time. They have a HISTORY or REPUTATION of not paying their bills on time. As you can see, many of these people who have had a history of not paying their bills CONTINUE with that practice once they get financed with Americredit. Who's fault is that??? Do you think Americredit OWES you loan forgiveness? All of us have life circumstances which affect our finances. Mature people continue to find ways to make their payments on time, every time! Yes, even if it means taking some type of menial job on weekends or at night because they are mature and realized they committed to making the payments ONN TIME, EVERY TIME. You can cry and moan about how nasty Americredit is or how, out of the clear blue sky they came and picked up the car. The bottom line is the reason they did this is because the borrower FAILED to live up to their commitment.

What's the problem here??? Any...repeat...any finance contract you sign requires you to make the monthly payment on time, everytime! The contract doesn't read: "you 'can' make your payment if you have the money". People need to use sub prime lenders like Americredit because they have BAD CREDIT. They got bad credit because They didn't pay their bills on time. They have a HISTORY or REPUTATION of not paying their bills on time. As you can see, many of these people who have had a history of not paying their bills CONTINUE with that practice once they get financed with Americredit. Who's fault is that??? Do you think Americredit OWES you loan forgiveness? All of us have life circumstances which affect our finances. Mature people continue to find ways to make their payments on time, every time! Yes, even if it means taking some type of menial job on weekends or at night because they are mature and realized they committed to making the payments ONN TIME, EVERY TIME. You can cry and moan about how nasty Americredit is or how, out of the clear blue sky they came and picked up the car. The bottom line is the reason they did this is because the borrower FAILED to live up to their commitment.

What's the problem here??? Any...repeat...any finance contract you sign requires you to make the monthly payment on time, everytime! The contract doesn't read: "you 'can' make your payment if you have the money". People need to use sub prime lenders like Americredit because they have BAD CREDIT. They got bad credit because They didn't pay their bills on time. They have a HISTORY or REPUTATION of not paying their bills on time. As you can see, many of these people who have had a history of not paying their bills CONTINUE with that practice once they get financed with Americredit. Who's fault is that??? Do you think Americredit OWES you loan forgiveness? All of us have life circumstances which affect our finances. Mature people continue to find ways to make their payments on time, every time! Yes, even if it means taking some type of menial job on weekends or at night because they are mature and realized they committed to making the payments ONN TIME, EVERY TIME. You can cry and moan about how nasty Americredit is or how, out of the clear blue sky they came and picked up the car. The bottom line is the reason they did this is because the borrower FAILED to live up to their commitment.

I am starting a class action suit against this company please contact me if you want to be a part of this.

I am starting a class action suit against this company please contact me if you want to be a part of this.

I am starting a class action suit against this company please contact me if you want to be a part of this.

Make sure they posted your partial payments to your account. Many loan companies hold partial payments in a suspense account and they do not post it to your balance because you did not make a full payment. Also, many loan companies post partial payments to outstanding interest and/or principal, but do not count that has a partial payment to a full payment. In other words, if your payment is $400 per month, and you pay $200, that does not mean you only owe $200 left on your payment. You would still owe the entire $400 payment and they count the $200 payment as an extra payment. Say your March payment is due on the 1st and you make a $200 payment on March 5 and another $200 payment on March 20. April 1st, you would be 30 days late on your March payment because you did not make the $400 March payment. When you were calling them, making partial payments, did you ask if 2 partial payments could equal a whole payment? Many loan companies require you to get that approval in advance. Did you ask if making the partial payments would keep your auto from being reposessed? Just because you call and say you are making a partial payment because of whatever and they say OK does not mean they approved you making partial payments to equal whole payments. Next time you do this, ask lots of questions. They are not going to offer any info. They wouldn't have offered to tell you that partial payments do not equal a whole payment because then you may not have made the partial payment and they still want your money. You need to ask them if it's OK.

You wouldn't owe "back payments, late fees, next payment for a total of $2770." if you had made your payments. A finance company cant be blaimed here. It is 2003 Chevy. My guess is you owe more than the van is worth on blue book but it is better for you to get it back. On repossesion your vehicle is held for awhile (30-60 days) then it goes to auction. If your van is sold at auction for say $1000., you are still responsible for the balance.