Jim
Orlando,#2Consumer Comment
Sun, April 18, 2010
You bet a class action suit is needed. Here are the points...
Subprime, cry baby borrowers need to be sued for these reasons...
1. Predatory Lenders? Did this lender grab you off the street and force you an gunpoint to sign a contract?
2. Late Fees. If you make your payments ON TIME, there will be NO late fees! What an idea!
3. Calls. If you make your payments on time, this subprime lender won't be hounding you to pay AS YOU AGREED TO PAY!
4. Not Knowing what you're talking about. You haven't a clue about write offs and how they work!
BOTTOM LINE: Why not GROW UP and live up to your obligations to pay what and when you agreed to pay? You made yourself a SUBPRIME borrower because YOU have a REPUTATION of not paying your bills on time. You wouldn't need a subprime lender if you were responsible in the first place.
Why not GROW out of being a subprime borrower with typical subprime thinking by meeting your obligations AS YOU AGREED TO, so that you don't need to go to a dealership like this again?
Lee
Kansas City,#3UPDATE Employee
Mon, April 12, 2010
Mam, you have slandered the dealership with your accusation that we had any part with regards to your issues with Arcadia / Transouth / Citi Bank.
I happen to know that when you purchased your vehicle, and the extended service contract, that you canceled the ESC after thirty days. You were informed at that time, that the cancellation amount from the ESC provider would be returned to the finance company not to you. You had not paid for it the finance company, loaned that amount, therefore they were entitled to the refund amount not you. This money went to reduce the balance you owed to them.
As far as your dealings with the above mentioned finance source, I hope you find some satisfaction, however you would be wise to curtail your comments to them and not include the dealership in your comments, as we had nothing to do with your financial setback, nor the issue with your engine, In hindsight it would seem that you should have kept the service contract that you originally purchased, this whole issue might have been avoided.
William
Tallahassee,#4Consumer Suggestion
Sat, July 03, 2004
Dear Mam, As I mentioned to another party who is complaining here, you should check into other existing lawsuits already ongoing. This is probably America's worst most egregiously bad predatory lender - there will be lawsuits going on and some may be loving to hear from you. Try asking for a free search of the databases from the nearest law school law librarian. Ask where there are lawsuits involving Transouth Financial. Also check the website search engines that deal with legal matters. Read over one by one all of the Rip-off reports here that involve Transouth for ideas. Also have a friend that is good with contracts to carefully read over your paperwork that you "supposedly signed" and check carefully to be sure that you are seeing your real signature and not a forgery. Often the one people signed got file 13nd and another one complete with forged signature takes its place. Beware. Good Luck.