- Report: #4072
Complaint Review: Experian "What ALL Car Dealers do to the Consumer" - Nationwide
-
Author Confirmed
Why?
Experian "What ALL Car Dealers do to the Consumer"
Nationwide, U.S.A.
Phone:
1-800-397-3742
Web:
N/A
Categories:
Business Rating:
(0)
Tell us has your experience with this business or person been good?
"Experian" *Consumer Auto Rip-off ADVISE..Car dealer's tricks with your credit and how they set your interest rate. Your "Fair Isaac Score"
So you just might think of buying a new or used car?
Think of this deception before you go to ANY CAR DEALER.
Their is a company called "Fair Isaac" and their address is 200 Smith Ranch RD, San Rafael, Ca 94903 and we must not forget their number that is 1-415-472-2211 and their fax number 1-415-444-5039. ...This company creates what is called a "Fair Isaac score" that will be send to a company called "Experian" and their 800 number is 1-888-397-3742. This company prints your "Fair Isaac score" on your credit report. But you must not forget that the Dealer does not want you to see your score.
...Your now about to get screwed.
Now you go to the car dealer and guess who gets to set your interest rate??? Mr Deception himself, the dealers finance manager.
So you go to the car dealer and find a car that you want to buy. So now that you find the car you want and after you grind the dealer's sales staff for a price that you are willing to pay. ..Ask yourself who set my interest rate? (Understand that the dealer is not the bank but they come up with a payment for you.)
Now the deception. ..Mr finance manager says to the desk manager I can get this sucker a rate of 8.5% so the sales manager try's to get you to agree to a payment that is based upon a higher rate, say 11.5%. If you sign a car buying contract with a 11.5% interest rate, here is what will happen to you...
Now ask the salesperson, "What's my Isaac Score?" . Let the jerk know you want him to make money on your car ONLY! .. Not to suck the blood out of you! .. then let the car sales person know, you will go somewhere else if they do not lower the rate at least 3% and that, "as a car buyer, I do not want to take it in the brown," ...OK, this is a terminology commonly used amongst car dealers when bragging about how they screwed their last customer.. (I'm sure we need not explain further graphic details!)
The bank will send the car dealer a check for a total of 3% of your finance charges. Car dealers do not want you to know your Fair Isaac score. If you have a Fair Isaac score of over 700 like me, you can get a car loan as low as 0.9% all the way up to 6.9%. And this will provide you with a nice car loan with a low monthly payment. It angers me so much that you the consumer cannot find out what your Fair Isaac Score is.
Call up any car dealer and ask to speak to the Finance manager and tell him you have a Fair Isaac score of 765 like mine and ask him what kind of rates can he get you. Now call up a second car dealer and ask to speak to their finance manager. Tell this second Finance manager that you have a Fair Isaac score of say 585 and ask him what kind of rates can he get you.
(make sure you tell the dealer the car your getting and for what price.. don't get screwed with them selling you a different car)
You will hear two different conversations based upon your Fair Isaac score. It angers me so much that the credit industry let's car dealers see your Fair Isaac score but you can't. How can you bargain your car or home loan if no one will inform you of you FAIR ISAAC SCORE???
It is YOUR credit. The deception is the credit reporting agencies that are not reporting to YOU what your Fair Isaac Score is. Call them up and complain. Experian 1-888-397-3742, Trans Union 1-800-916-8800 and Equifax is 1-800-685-1111. We as consumers MUST CHANGE THIS NOW. SAY YOU WANT YOUR FAIR ISAAC SCORE NOW!!!!!!!!
[email protected]
Click here to read other Rip Off Reports on Experian
Think of this deception before you go to ANY CAR DEALER.
Their is a company called "Fair Isaac" and their address is 200 Smith Ranch RD, San Rafael, Ca 94903 and we must not forget their number that is 1-415-472-2211 and their fax number 1-415-444-5039. ...This company creates what is called a "Fair Isaac score" that will be send to a company called "Experian" and their 800 number is 1-888-397-3742. This company prints your "Fair Isaac score" on your credit report. But you must not forget that the Dealer does not want you to see your score.
...Your now about to get screwed.
Now you go to the car dealer and guess who gets to set your interest rate??? Mr Deception himself, the dealers finance manager.
So you go to the car dealer and find a car that you want to buy. So now that you find the car you want and after you grind the dealer's sales staff for a price that you are willing to pay. ..Ask yourself who set my interest rate? (Understand that the dealer is not the bank but they come up with a payment for you.)
Now the deception. ..Mr finance manager says to the desk manager I can get this sucker a rate of 8.5% so the sales manager try's to get you to agree to a payment that is based upon a higher rate, say 11.5%. If you sign a car buying contract with a 11.5% interest rate, here is what will happen to you...
Now ask the salesperson, "What's my Isaac Score?" . Let the jerk know you want him to make money on your car ONLY! .. Not to suck the blood out of you! .. then let the car sales person know, you will go somewhere else if they do not lower the rate at least 3% and that, "as a car buyer, I do not want to take it in the brown," ...OK, this is a terminology commonly used amongst car dealers when bragging about how they screwed their last customer.. (I'm sure we need not explain further graphic details!)
The bank will send the car dealer a check for a total of 3% of your finance charges. Car dealers do not want you to know your Fair Isaac score. If you have a Fair Isaac score of over 700 like me, you can get a car loan as low as 0.9% all the way up to 6.9%. And this will provide you with a nice car loan with a low monthly payment. It angers me so much that you the consumer cannot find out what your Fair Isaac Score is.
Call up any car dealer and ask to speak to the Finance manager and tell him you have a Fair Isaac score of 765 like mine and ask him what kind of rates can he get you. Now call up a second car dealer and ask to speak to their finance manager. Tell this second Finance manager that you have a Fair Isaac score of say 585 and ask him what kind of rates can he get you.
(make sure you tell the dealer the car your getting and for what price.. don't get screwed with them selling you a different car)
You will hear two different conversations based upon your Fair Isaac score. It angers me so much that the credit industry let's car dealers see your Fair Isaac score but you can't. How can you bargain your car or home loan if no one will inform you of you FAIR ISAAC SCORE???
It is YOUR credit. The deception is the credit reporting agencies that are not reporting to YOU what your Fair Isaac Score is. Call them up and complain. Experian 1-888-397-3742, Trans Union 1-800-916-8800 and Equifax is 1-800-685-1111. We as consumers MUST CHANGE THIS NOW. SAY YOU WANT YOUR FAIR ISAAC SCORE NOW!!!!!!!!
[email protected]
Click here to read other Rip Off Reports on Experian
5 Updates & Rebuttals
Stick
Phoenix,Arizona,
Sounds like we have a angry Finance manager at a car dealer
#2REBUTTAL Owner of company
Mon, March 04, 2002
Ok Mr Rich, You and I both know that you F&I guys bend the consumer over every chance you get.
Selling warranties for double what you pay for them, telling car buyers if they do not get the Credit life Ins and a warranty that the bank might not process the loan, selling extended warranties to consumers that lease for two or three years. Selling your junky "Low Jack" for many times it's worth. In my eyes, your Low Jack is a cheap pager, you know $19.95 not $375.
Let's not forget about your "SPOT DELIVERY" program. You know, making the car buyer think they got the deal that they wanted and then call them back a week or two later and ask for more money to increase the size of your next pay check.
Charging car buyers what you call a "DOC FEE" of $200 up to $350. Charging a car buyer $200 to $350 for you to fill out the papers is a RIP OFF in it's self.
Let's also mention your "GROSS SHEET" that tells you how much you are charging for your hidden fee that you call a "PACK" A fee of $500 or more.
Letting the service department double dip the car repairs, charging the car owner and charging the carmaker or the warranty company, you know getting paid twice to do one job.
Let's talk about the companies that train you clowns how to make more profitable car deals, getting more of the buyers money, you know the ones I am talking about. Do I need to mention them?
www.grantcardone.com
www.davidlewis.com
www.joeverde.com
www.biggross.com
Do I need to mention more that are on my list?
You car CLOWNS hate the fact that you can't censor what we post on the net. No newspaper will expose your deception because you pay big bucks to advertise.
Car buyers are sick and tired of lies, deception, and your scams. So get used to the fact that we as consumer advocates are fighting back.
So, go cry to your desk manager or your GSM, or your do nothing GM, or maybe your crapped out team leader that is currently creating or developing his next scam for your local newspaper to print.
S. Bogart
Consumer advocate
bdbusinessbureau.com
[email protected]
Rich
Las Vegas,Nevada,
Scare Tactics?
#3Consumer Comment
Sun, March 03, 2002
I have read the r-o-r and it makes you think,
having been a auto tech how did i make my money
labor thats how,sales people with the sale and
finance make their money in what is called backend
with a 8.5 % buy rate if you sell at 11.5% you
made 3 points,it sounds like the stock market
because money is sold like a stock and if you
think that is bad how much is your house and what will you have paid over 30 years?
2.5 to 3 times the cost of the house? so dont think money or anything is free. The buy rate of money is based on your credit history so if you are unfortunate and have had some problems your score will be less than that of somone who has a 700+ score!
what i find inaccurate with the r-o-r or rip off report is it sounds as if all can get great interest rates even if you dont pay your bills
for whatever reason. So if you want to save on
finance charges GET YOUR OWN MONEY,credit union,
bank etc.after all why make the finance man work for free I dont do you? anyway it sounds like the
person that wrote the r-o-r has had one to many.
Rich
Las Vegas,Nevada,
Scare Tactics?
#4Consumer Comment
Sun, March 03, 2002
I have read the r-o-r and it makes you think,
having been a auto tech how did i make my money
labor thats how,sales people with the sale and
finance make their money in what is called backend
with a 8.5 % buy rate if you sell at 11.5% you
made 3 points,it sounds like the stock market
because money is sold like a stock and if you
think that is bad how much is your house and what will you have paid over 30 years?
2.5 to 3 times the cost of the house? so dont think money or anything is free. The buy rate of money is based on your credit history so if you are unfortunate and have had some problems your score will be less than that of somone who has a 700+ score!
what i find inaccurate with the r-o-r or rip off report is it sounds as if all can get great interest rates even if you dont pay your bills
for whatever reason. So if you want to save on
finance charges GET YOUR OWN MONEY,credit union,
bank etc.after all why make the finance man work for free I dont do you? anyway it sounds like the
person that wrote the r-o-r has had one to many.
Rich
Las Vegas,Nevada,
Scare Tactics?
#5Consumer Comment
Sun, March 03, 2002
I have read the r-o-r and it makes you think,
having been a auto tech how did i make my money
labor thats how,sales people with the sale and
finance make their money in what is called backend
with a 8.5 % buy rate if you sell at 11.5% you
made 3 points,it sounds like the stock market
because money is sold like a stock and if you
think that is bad how much is your house and what will you have paid over 30 years?
2.5 to 3 times the cost of the house? so dont think money or anything is free. The buy rate of money is based on your credit history so if you are unfortunate and have had some problems your score will be less than that of somone who has a 700+ score!
what i find inaccurate with the r-o-r or rip off report is it sounds as if all can get great interest rates even if you dont pay your bills
for whatever reason. So if you want to save on
finance charges GET YOUR OWN MONEY,credit union,
bank etc.after all why make the finance man work for free I dont do you? anyway it sounds like the
person that wrote the r-o-r has had one to many.
Rich
Las Vegas,Nevada,
Scare Tactics?
#6Consumer Comment
Sun, March 03, 2002
I have read the r-o-r and it makes you think,
having been a auto tech how did i make my money
labor thats how,sales people with the sale and
finance make their money in what is called backend
with a 8.5 % buy rate if you sell at 11.5% you
made 3 points,it sounds like the stock market
because money is sold like a stock and if you
think that is bad how much is your house and what will you have paid over 30 years?
2.5 to 3 times the cost of the house? so dont think money or anything is free. The buy rate of money is based on your credit history so if you are unfortunate and have had some problems your score will be less than that of somone who has a 700+ score!
what i find inaccurate with the r-o-r or rip off report is it sounds as if all can get great interest rates even if you dont pay your bills
for whatever reason. So if you want to save on
finance charges GET YOUR OWN MONEY,credit union,
bank etc.after all why make the finance man work for free I dont do you? anyway it sounds like the
person that wrote the r-o-r has had one to many.
