Central Finance Complaint - Bad Business Practices
MILWAUKIE, OREGON -- Entered into an agreement with this company after purchasing a used vehicle. I was first quoted an interest rate of 6%. After having the vehicle for over one week, I returned to sign papers and found that the rate I was being charged had jumped to 29%. My trade was no longer available, I was stuck. After making payments for two months, the finance company added their own insurance to my loan, even though I had the vehicle fully insured since day one. My payment doubled. After several calls and faxes showing proof of insurance, they continued to charge me for this insurance.
I returned the vehicle on the basis that they violated the terms of the contract. Now the are suing me for the supposed balance.