- Report: #96021
Complaint Review: TranSouth Finance - Bedford Texas
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TranSouth Finance
2208 Highway 121 Suite 100 Bedford, 76021 Texas, U.S.A.
Phone:
888-872-6768
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TranSouth Finance ripoff Ruined my credit Bedford Texas
I just want to say to everyone, be very careful when buying a new car, or used. I got screwed pretty good by these cowards and it ruined my better than average credit rating. Tell u why. In july of 2002 i purchased a 1997 Pontiac TransAm, price was 13,000, and I owed $2000 on my current car.
Stoppidly I made the mistake by taking the car at the final cost of $27,000 @ $460 a month. Thats over $10,000 that I paid in interest. This car was cursed, a few months later I had an accident, along with that was deductables, and other charges. Well about 3 months later i had some problems, financially and had to give up the car. I could get no help far as refiancing, because they claimed I hadn't had it for quite a year, so I had to let it go, voluntary repo, and it ruined my credit.
My fault, but some advice, be very careful when buying a car!!! Dont finance with these guys unless u want to pay 40% interest.
Larry
Simpsonville, South Carolina
U.S.A.
Stoppidly I made the mistake by taking the car at the final cost of $27,000 @ $460 a month. Thats over $10,000 that I paid in interest. This car was cursed, a few months later I had an accident, along with that was deductables, and other charges. Well about 3 months later i had some problems, financially and had to give up the car. I could get no help far as refiancing, because they claimed I hadn't had it for quite a year, so I had to let it go, voluntary repo, and it ruined my credit.
My fault, but some advice, be very careful when buying a car!!! Dont finance with these guys unless u want to pay 40% interest.
Larry
Simpsonville, South Carolina
U.S.A.
1 Updates & Rebuttals
Cory
San Antonio,Texas,
U.S.A.
Doesn't Make Alot Of Sense -- who is reponsible here?
#2Consumer Comment
Wed, June 23, 2004
I don't quite understand your post. You bought way too much car, at way too much money, at way too much interest rate, couldn't make the car payments and it is the finance company's fault. They ruined your credit. I think the person or dealer who sold you the car might have had a hand in it. Don't know what the actual selling price of the car was (13,000 + 2,000), or they sold it to you for more, or did you really get a 27% interest rate. Don't know if that is legal. But who is reponsible here?
