According to the Better Business Bureau (BBB), Consumer Portfolio Services was founded and incorporated in 1991 in California. They are claiming that all of my payments since the first deferment have been applied to interest. Stuck in 3rd towing using tow mode I hear no answer what to do I have 2 of these 1500 2022 gts plus remote start fail and towed to dealer. I have paid my car payment monthly since then only to be harrassed every month because I can not make a double payment to get current. THEY TELL HIM IF HIS PAYMENTS DON'T DOUBLE THAT THEY ARE GOING TO ATTACH HIS WAGES AND HE WILL BE WITHOUT A CAR.IF ANY ONE WANTS TO BAN TOGETHER AND FILE A LAWSUITE PLEASE CONTACT ME AT MY E-MAIL ADDRESS. I have been late before but this time I am a month late which is bad and I told them that I would be making a double payment so please stop calling family and friends they decided to get rude with me and others so I did the same. For more than 15 years we have helped nearly 50000 customers resolve their issues and will never stop striving to ensure further improvements on our platform for a better communication between companies and customers. I then called back to request for an extension or to add the payment on to the end of my loan, I was told that was not possible! As of 3 weeks ago, I have returned to work. At this time i only owed them 160.00. So here we are a year and a half later with a car that is a pos!! If the govt is behind this, it needs to be exposed, if this is an American company doing business in America, then they need to abide by the laws in America and calling and threatening and stealing money from our accounts is not the way we do business in a law abiding country. Additionally, they cant use a badge or uniform to pretend theyre a government employee collecting a debt. Look people do not get the tittle to a car until it has been paid in full. Thats right folks! My wife and I took out a loan with this company two years ago and we have just tolerated the harassment that this company puts forth up until a couple a weeks ago. by . Do not use. This has to be illegal. HOPE YOUR HAPPY PAYING 23 TO 28% APR IN THE NEXT 7 YRS - HA HA LOOSER. Consumer Portfolio Services' mailing address is 3800 Howard Hughes Parkway Suite 1400, Las Vegas NV, 89169. Landmark Supreme Court Decision Made in Lemberg Laws Facebook Robocalling Suit, Lemberg Law Wins Class Certification in Robocall Case, Translation: Switzerland; Volvo V60, 12/2018 (D3 AWD). I just got off the phone with them blasting them as I traded my vehicle in July to get away from this police state led business that dictates the consumers! Over $17,000 has been applied to interest and approximately $1,000 to principle? I need to move my payment back from the beginning of the month to the 20th but I cant until Im caught up and even when I am, Ive already used my 6 loan modifications. Depending on the creditor and the type of debt, grace periods can last anywhere from a few days to a few weeks and can be a handy way to avoid late fees and high interest payments. How much personal loan can I get if my salary is 40000? Regarding the loan, yes the apr I through the roof but it's an. BUT people like you have credit problems in the past and now and in the future>BECAUSE YOU JUST DONT CARE. Find another company who actually wants to work with you and be there for you, not a thorn in your bottom. automobile dealerships secured by late model used vehicles and, to a lesser extent, new vehicles. Does My Student Loan Have a Grace Period? Americans have accumulated a total of more than $1.5 trillion in student loan debt, and more than 45 million borrowers worry about how they're going to get those loans paid back.Most student loans . Does Consumer Portfolio Services have a grace period? We purchase retail installment sales contracts primarily from franchised automobile dealerships secured by late model used vehicles and, to a . We look forward to working with you to resolve your legal issues. If the past is any guide, we would expect that Consumer Portfolio Services shares will rise quicker than the markets in times of optimism, but fall faster in times of pessimism. They are predators who prey on the poor and take advantage. Every day we would get phone calls and we told them we could not afford the payments to please take the car. They are unprofessional. We have no problem paying our bills every month. What happens? Chia s ln Facebook Share on twitter. Founded Date 1991. A link has directed you to this review. These people have called me so many times at work daily and just today left me a message with the receptionist at my job saying to take my things out of the car because they are coming to get it. Bank fraud: select portfolio servicing,inc. CPS has received consumer complaints alleging violations such as improper communication tactics and sharing of information. I got behind on my payment (By a month due to being laid off) and they have been calling my parents 3000 miles away. NOt to mention the interest rate. I am concerned because the car is losing value. I will be glad when i am done with them! How about this, I got a loan in September and paid on time. They have contacted people that I dont even associate with and harassed them as well. Yelp users havent asked any questions yet about Consumer Portfolio Services. pitchfork festival 2011. . If anyone would like to contact me on details about a civil suit or intrested in pursing a civil case with me please feel free to contanct me. Once the complainant began working, he resumed making payments, but CPS repossessed his car while he was catching up on the payments. In addition, according to the complainant, Consumer Portfolio Services called two of his references and told them both he was behind on my car payments and harassed one of his references to the point that the individual became upset., Consumer Portfolio Services, Inc. 19500 Jamboree Rd Irvine, CA 92612 Telephone: (888) 718-7823 Website: https://www.consumerportfolio.com/, Understanding Your Debt Collection Rights. If you owe a loan balance at maturity and become delinquent on payments, the bank can send your account to collections. Pended claims during those periods . Salt Lake City, Utah. I appreciate their assisting me at the time, however they need to know and understand that people loose jobs and experience other financial difficulties. i was told by the dealer, once i paid on the car for a period of time, i could refinance the vehicle;only to be told by CPS that they don't refinance. After you are not even a whole month behind, they start the harassing calls. Waited weeks to get response an I find out today they are demanding $500 a month but will settle with $425 a month until paid in full its like $8000 they want the car was totaled out I havent had it since 2017 I cant afford $425 a month an have money to live off of how can these places do this ! I was going to pay the amount required to get the car back but after reading the reviews and finally seeing that I am not the only person that all of the things that I have mentioned has happened to. They have called one of my best friends at her teaching job asking about my payments(humiliating) and have said things like "Please stop screaming at me, threatening me" when I am not even speaking at that moment. This sounded crazy to me, as I have done this before on a home loan, not to mention an auto loan with a different lender. "But if the card issuer . The lady then said to my daughter we will be taking next months payment as well. misc fees). Irvine, California, Change your Cell and home Phone, Screen your call. When you got your Consumer Portfolio Services loan, Whether you've made your payments in time and full, your payoff amount (usually your loan amount balance plus a few small fees), the due date until your payoff is valid to avoid late fees (usually 10 days from when you requested it), the per-diem (how much of daily interest your loan accumulates), your account number (the new lender needs that to payoff your loan), the payoff address (the new lender needs to know where to mail the check to). They said they would call me back with a solution. There ought to be a way we can take harassment charges out on them because that's just what they are doing. Do not assume that you are entitled to any compensation as a result of the consumer complaints you have. U.S.A. They purchase and originate . Salt Lake City Utah. I always sent them extra money during Tax Refund trying to pay it down and off quicker and the amount I owed actually grew instead of decreasing. The company is active in the purchase and service of auto-related contracts from auto dealers (new and used . Big poppa Confidentiality Guarantee: We keep your information completely confidential and will not send you spam or sell your information. I hate to see my phone ring at work because of course they call me several times a day but thank God I have caller ID and see that it is them. I hate them the very name CPS. Consumer Portfolio Services, Inc. P.O. Original review: June 29, 2022. 18% interest. I attempted to contact CPS for an entire week to discuss lowering the interest rate on the loan which in turn would lower my monthly payments. but if she had looked at my contract she would have known I am the local law enforcement authorty. Not hello or how you doing but a very rude female which started the conversation with Why are you paying off your truck. Consumer Portfolio Services Reviews. This Company gave me my loan for my car. (This is based on the year to 2017). WTF? THEY HAVE THREATEDEN TO SEND PEOPLE "OUT TO GET US!" Manage all your bills, get payment due date reminders and schedule automatic payments from a single app. CPS was founded in 1991 and currently purchases contracts in 48 states. No one just has checked the mailbox at all. So my mother died months ago. I told them they were severely mistaken because after dealer calls them for payoff I am no longer in the picture!!!! I too have suffered all the same phone harassment as well as having all my family members being told that they were coming to repo my car. They told me they would take me to court and garnish my wages and everything and that got me worried. Some cards may also exclude balance transfers from the grace period, so check the terms of your card. I actully avoid speaking to them becuase they are so rude! Over the last 12 months, Consumer Portfolio Services's shares have ranged in value from as little as $4.64 up to $15.47. Feels like theyre setting me up for a scam. Sergei Lemberg is a lawyer whose practice focuses on consumer law, class actions and personal injury litigation. Thiefs! Even if I had decent credit, I couldnt refi my loan because its so far upside down! Hi I had a loan with CPS for a 2012 Nissan Sentra the loan was taken out in 2014 I dont know how dealers are aloud to use them I paid the car for 4 years my loan was 6 years the loan was 13 thousand they never sent me anything telling me what I owed when I found out I owed 10 thousand still i was pissed I all ways put more to my my payments than I was suppose to did nothing for my credit and when I contacted the dealer and told them I wanted to be put with another company they said i had to stay with them i did try to pay turn the car in the problem was i got put in to a car so the Kelly blue book said the car was worth 9 thousand but I did not believe that because my car did not even have 100 thousand miles no body would take my car either so my car was taken and Im disabled and have been with out a car since because Im on disability now and dont get much money to get a car this place repo my car because I asked them to drop my payment a little they would not and I was not behind either my car would not have been paid off at the 6.year loan, Purchase my car in 2016, the loan balance was $23k. you are a very RESPONSABLE PRESON. We Stop Calls and Harassment. I pay them when I can, as often as I can, and always try to make payments before or on the due date. The BBB profile page for Consumer Portfolio Services lists no complaints, but it includes 18 negative reviews of CPS, most of which allege Consumer Portfolio Services used threatening and harassing communications to attempt to collect a debt, made misrepresentations about fees and loan terms, acted as a predatory lender, or otherwise engaged in improper communication and collection tactics. I knew that if I got behind on a payment then they couldn't call the upper management where I work and harrass the ### out of them! I will gladly give them the car back after almost 5 years of wear on it, but I will not give this company a single red cent more!! If you would forward me an email with what you have gone thru with this company and any contact info you feel comfortable sharing, I promise you I will do my best to expose these people in our court system. I did recieve a phone call from a lady that was pleasent and she wanted to see how we could mediate this problem. This company should not be in business from all the research I have done on them I am not the only one who has suffered this way! How can they get away with doing these kind of loans? Stay away from these loans. What is CPS? 2022 CPS sold the loan to Velocity LLC and they filed a $15k ironic yes $15k Judgement towards me. Got behind on my payments. the number 1 goal of a car dealer is to sell a car, the number 2 goal of a car dealer is to sell the car at the highest possible margin. I received all the paperwork and notifications from the DMV. then, the other Question is is it still Parked @ ---- ave, in anytown usa? I HOPE THIS COMPANY GETS NAILED TO THE WALL. But people like you have credit problems in the past and now and in the picture!!!! Company GETS NAILED to the Better Business Bureau ( BBB ), consumer Portfolio was! 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