Americredit Complaint - They Will Ruin Your Credit Forever, Not 7 Years, Forever! - Auto Loans
Auto Loans - Complaint
I was financed for a used auto by Americrudit in 2001. Never missed a payment. In 2003 I became disabled. When I realized I could no longer afford the payments, I asked if we could work something out. But they were unwilling to do anything. So I asked them if I could surrender the vehicle to them and we would be even, they agreed and picked up the car in a few days. Well when I had to do the same with my wife's car (which I told them the first time I might have to do that) they agreed again but this time it took 3 weeks for them to come get it after me calling them repeatedly. All of a sudden we get a letter stating we owe them $18,000.00. All because I didn't get the phone agreement in writing, they screwed me big time! The calls, the letters just didn't stop. after a few years they put it in collection after collection. See most people think that after seven years it gets wiped off your credit, wrong! By the jumping from collection agency to collection agency, it starts it all over again. This can go on forever. I know!
I have read so many horror stories about this company, something has to be done to stop them. Come on all you lawyers you must see dollar signs here somewhere (no offense). Please comment if you have any idea's.