- Report: #1034541
Complaint Review: Drive Financial Services - Atlanta Georgia
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Drive Financial Services
Dallas, Tx Atlanta, 30075 Georgia, U.S.A.
Phone:
888-222-4227
Web:
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Drive Financial Services Drive is a complete rip off with there hidden fees & crazy changing interest rates than whats on contract Atlanta Georgia
Drive is a complete rip off and I rather drive a piece of junk than deal with them again. They charged me a fee for putting my payments at a later date when I bought the vehicle. Just because my payments were not due until june they came back 6 months later saying that I owed them for a pament the day I bought the car when I asked the rep how can that be she explained that this is a fee for doing the payment later than by doing so this caused my interest rate to go up.
I am paying on a car that I have had for a year with them I still owe the same amount that I bought It for when i asked why the amount has not changed the rep laughed and "said hell your pay-off will never go down due to the new interest that had changed due to you puting your first payment 30 days out from the time of purchase. You would have come out better getting a mercedes or lexus because that is what your are paying for."
Jay
Covington, Georgia
U.S.A.
I am paying on a car that I have had for a year with them I still owe the same amount that I bought It for when i asked why the amount has not changed the rep laughed and "said hell your pay-off will never go down due to the new interest that had changed due to you puting your first payment 30 days out from the time of purchase. You would have come out better getting a mercedes or lexus because that is what your are paying for."
Jay
Covington, Georgia
U.S.A.
1 Updates & Rebuttals
Iluvdrive
OKANO,Texas,
U.S.A.
know what your talking about b4 you post
#2UPDATE Employee
Mon, August 13, 2007
if you have ever financed a car before, you should know how a simple intrest loan works. dfs only usues this type on our loans. your intrest rate will always remain the same throughout the life of your loan. it wont go up if you default on your payments, and it wont EVER go down. You are however penalized if you do fall behind....other than the once a month late fee that is assesed 10-15 days after your due date..you are assessed daily intrest on a simple intrest loan. if you make your pmts on time every month..you will never have to worry about "extra fees". in the event that you fall behind you are giong to be chaged daily...easy way to say it...the later you are...the less of your payment when we get it will be applied to the actual car balance. hense the reason your balance doesnt go down. here @ drive we are in the business of getting customers into cars that another finance company wouldnt touch. we are a 2nd chance finance, other than us its cash cars. drive gave you the chance to rebuild your credit, the rest is up to you.
