Steve
Bradenton,#2Consumer Comment
Wed, February 09, 2011
Robert,
Wrong thread.
Close a few windows.
Pay attention.
Wrong company.
Robert
Irvine,#3Consumer Comment
Wed, February 09, 2011
CPS is a Sub-Prime lender, and as you have noted you had bad credit so that is why you are with them. Now, while you don't mention it I would be willing to bet that the reason they are contacting you is because you are late on your payments. So if any of the "threats" that they would reposess your car and still hold you responsible for the balance owed..those were not threats. They were real actions they can take, and the same actions that any other lender would take if you don't make your payments.
So your "Sub-Prime thinking" leads you to what you think is a smart idea and that you will get one over on them. That is to file Bankruptcy. Do you really think that a Bankruptcy is going to make your credit better? Do you really think that they care? All they will do is write off the loss and not even look back. Even if you qualify for Bankruptcy it is not free, it is going to cost you several hundred to a couple thousand dollars to file. Then even after you file the court may still force you to repay part of your debt.
Courtney
Vancouver,#4Author of original report
Wed, February 09, 2011
I just wanted to add that I have filed a complaint with the Better Business Bureau of Arizona and with the Attorney Generals Office of Arizona.