- Report: #207368
Complaint Review: JD Byrider CNAC Finance MVP Finance - Madison Tennessee
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JD Byrider CNAC Finance MVP Finance
1525 Gallatin Road Madison, 37115 Tennessee, U.S.A.
Phone:
615-8603880
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JD Byrider, CNAC Finance, MVP Finance ripoff dishonest financing Madison Tennessee
I was suckered into purchasing a car from JD Byrider in April of 2004. I was reminded repeatedly how they could help 'rebuild my credit with a good payment history.' NOT ONLY was the vehicle overpriced, I have put a few thousand dollars into repairs.
The loan company that began my loan, CNAC was not hard to deal with, however--within a few months, the car lot 'closed its doors', and then a new finance company began contacting me about 'facilitating the old JD Byrider accounts purchased from CNAC.'
MVP Finance first of all, cannot keep records---as I am repeatedly having to 'catch my account up'--no matter how many payments I have on record--I always seem to owe more. Whenever I call for a payoff balance on the account, its more than the time before. Yet, they have the audacity to threaten taking my vehicle away.
I dont understand their tactics, but I am sure that with all the loopholes out there--they can find a way to tell you what they are doing is legal. I have already paid three times more than the book value on this vehicle, and according to them, I still have 13 months more to pay.
If you ever even consider purchasing a vehicle form this place--PLEASE think again. Dont get caught in what I and so many others have been suckered into.
Mindy
Mount Juliet, Tennessee
U.S.A.
The loan company that began my loan, CNAC was not hard to deal with, however--within a few months, the car lot 'closed its doors', and then a new finance company began contacting me about 'facilitating the old JD Byrider accounts purchased from CNAC.'
MVP Finance first of all, cannot keep records---as I am repeatedly having to 'catch my account up'--no matter how many payments I have on record--I always seem to owe more. Whenever I call for a payoff balance on the account, its more than the time before. Yet, they have the audacity to threaten taking my vehicle away.
I dont understand their tactics, but I am sure that with all the loopholes out there--they can find a way to tell you what they are doing is legal. I have already paid three times more than the book value on this vehicle, and according to them, I still have 13 months more to pay.
If you ever even consider purchasing a vehicle form this place--PLEASE think again. Dont get caught in what I and so many others have been suckered into.
Mindy
Mount Juliet, Tennessee
U.S.A.
1 Updates & Rebuttals
Sarah
Kennesaw,Georgia,
U.S.A.
CNAC is owned by JD Byrider That is how they sucker you
#2UPDATE EX-employee responds
Sat, August 26, 2006
Hi, I just thought I would let you know that CNAC is owned by JD Byrider. That is the ONLY finance company that they go through. This is how they can get away with In-House Financing which is illegal in many states. I would get with a lawyer and see what your states policies are regarding in-house financing. Normally they do not go into states where In-House financing is illegal, but it might be worth it to see in your state. You may want to also look into a class action suit against JD Byrider and turn them in to the BBB.
