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Central Finance Complaint - Bad Business Practices

Review by dae1 on 2009-01-26
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.
Comments:2 Replies - Latest reply on 2009-01-26
Posted by tnchuck100 on 2009-01-26:
Get your documentation together. Hopefully this can support your claim. Go to court with them. Don't just show up for them. File a counter-suit for all the money you are out. Don't forget to include any credit damage they may have caused.

Whatever you do, do not ignore a court summons. Fight 'em! Good luck.
Posted by dae1 on 2009-01-26:
Thanks to tnchuck100 I appreciate the input.

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