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  • Report:  #414450

Complaint Review: Reliable Credit - Milwaukie Oregon

Reported By:
- Salem, Oregon,
Submitted:
Updated:

Reliable Credit
10690 SE Mcloughin Blvd Milwaukie, 97222 Oregon, U.S.A.
Phone:
503-462-3000
Web:
N/A
Tell us has your experience with this business or person been good? What's this?
In Feb/March of 2007 I purchased a car and Reliable Credit was my lender. I had some negative information on my credit report and I was advised that I would have a higher interest rate (29.99%) but after 6 mos. of on time payments, I could refinance.

When it came time to refinance Reliable wouldn't do it. They told me I was late too many times when in truth, I was never late. They are considering a payment arriving a week late as grounds to disqualify me to refinance. I tried other banks too but given the current economic crises no bank will refinance a car that is worth $1400.00 on a loan at $9000.00.

Reliable credit is a high rist lender. In my mind, folks that don't have money typically have negative information on their credit report and Reliable Credit preys on these individuals and takes advantage of them.

I would LOVE to enter into some type of litigation with them. So far, I have filed a complaint with the Oregon State Attorney General and the BBB.

I'm forced to file bankruptsy now as a result of Reliable Credit.

Dacia

Salem, Oregon

U.S.A.


1 Updates & Rebuttals

Boraboy

Beaverton,
Oregon,
U.S.A.
extra fees

#2Consumer Comment

Thu, April 23, 2009

Its been 1 week since i have been with reliable credit. I just received the payment coupons and a document changing the monthly payment for an add on fee. Continental Car Club for 285.00 i am not aware of this and have all paper work that i have obtained from reliable and the dealer. I never signed a document asking for this, whatever it is. cheers

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