I 'm very annoyed given I was not asking to escape from paying my loan, I just wanted to lower the interest rate. Well jokes on them because their employee told it on them and I paid it off. I was threaten with being arrested for terroist threating and harrassment and they me. They claim it is because we failed to accept the harassing calls from CPS, and also failed to return their calls where voicemails left for my husband and I never returned those calls. They purchase and originate . We will fight for your rights. We have a compulsory and intensive program to train all servicing employees. They told her that I had an overdue car loan and that they were coming up to my job and get the car. They said some pretty nasty things, belittle me and family still wouldn't come get car until I told them it was now uninsured, unregistered and sitting under tree and Hurricane was on the way. One of our staff members will call you shortly. Thank you!, I want to thank you and your team for all of the help you have provided to me. So here we are a year and a half later with a car that is a pos!! YOU ALWAYS HAVE A GRACE PERIOD TO MAKE YOUR PAYMENT YOU SHOULD FIND OUT WHAT THAT IS BEFORE YOU GET INTO IT WITH PEOPLE THAT ARE WILLING TO EXTED YOUR PAYMENT - GRACE PERIOD AR ALWAYS 5 TO 10 DAYS THAT WOULD HAVE SOLVED YOUR PROBLEM. They do the same to us. As soon as I tell them my name/account number they hang up on me or say they have to transfer me and then we get disconnected! While the Credit Card Accountability Responsibility and Disclosure Act, or CARD Act, does not require credit cards to have grace periods, it does require the ones that do to make their grace periods at least 21 days. Contact our office right away so we can . What is so historic about Georgetown Kentucky? If I would of know what type of people would have been loaning me money I would never got the truck. I call back to have the same thing done over and over. We maintain dealer relationships in 48 . I call and they said you buy as is. To avoid additional fees and finance charges, you should stay current on payments. I'm so mad because I really like my car and just like wow did they sell me a bad car? Fraudulent! Rude! Here's a little something to perk you up. A week before it was due, I called CPS to ask for some kind of extension and explained to them my situation. My only transportation. NOt to mention the interest rate. However, most credit cards provide a grace period on purchases. Well I thought I was the only person who had these types of difficulties with this company! DO NOT DO BUSINESS WITH THESE PEOPLE! These people are rentless! We purchase retail installment sales contracts primarily from franchised automobile dealerships secured by late model used vehicles and, to a . I sent the check to the payoff address. Consumer Portfolio Services CPS legal department just explained to me that at any point, they have the right to run our credit (a hard inquiry), because they decide to. 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. They paid the dealer for you to drive of with it. Even if my phone got disconnected, they got someone elses number to call me. We need to get a class action lawsuit together for all the embarassment and pain they have caused. They threaten to take the car and yell at you, then say you are having an attitude. Let the financing world know that we won't take but so much of their crap! But its not only the loan itself that affects your credit scores. I authorized a payment of 117.00 to be taken out of my account for my car note and they took out an unauthorized payment of 266.99 after telling me it went through for 117.00 and giving me a confirmation number. (This is based on the year to 2017). lower your rate in less than two minutes. According to the complainant, CPS repossessed his car in 2014, but intentionallycontinued to report the account status as failure to pay, 30 days late, 60 days late even though he no longer had the car and the car had been re-sold. Wow, I thought that I was the only one. Unsubscribe easily. I was one & half payments late on my auto loan. Honestly, you have a excellent staff who has dealt professionally and been very empathetic at one time in my life once I hit a speed bump.. None of which is true, I speak with CPS at least 2-3 times a month, because they do call over and over. additional strategically located servicing branches in Nevada, Virginia, Florida and Illinois. then a few days later I get a call from some towing company telling me that they were going to repo my vehicle. you'll file BK every 7 yrs and clear your debt. A grace period is a period after the deadline for a financial obligation where a late fee is waived if the financial obligation is satisfied within that period. I had to write a nasty letter to the upper mangement to get any sort of response from these people that was not a nasty one. If you continue to use this site we will assume that you are happy with it. THEY CANT DO THAT. Its all going to interest!! As of 3 weeks ago, I have returned to work. I told him to stay out of this. This morning my car was repossessed?? 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. This comment was posted by a verified customer. The Lemberg Law legal team is committed to holding debt collectors accountable, so complete our form for a FREE case evaluation, or call 844-685-9200. So I thank them for that but they just need to have a little bit more get up and go when it comes to making sure that important things like a payoff is taken care of in a timely fashion so I wont charge the person thats trying to part ways to them and trying to pay them off any additional money because thats just not fair. The grace period is a window of time during which a . 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! 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. We note that hedge funds don't have a meaningful investment in Consumer Portfolio Services. By. I NOTICED NO ONE POINTED OUT THAT WHEN THEY CALL YOUR WORK OR FAMILY MEMBERS, THEY LOVE TO PRETEND TO BE CPS (CHILD PROTECTIVE SERVISES) AND REFURE TO YOUR LOAN AS A "CASE" JUST YESTERDAY MY BROTHER CALLED ME TO TELL ME CPS WAS AFTER ME AND MY WIFE. FAQ. The Consumer Portfolio Services and New Roads websites do not provide a lot of detailed information about their business practices or compliance policies. Email me if you are interested in joining this civil lawsuit. You are receiving early morning or late night calls from debt collectors. THESE PEOPLE HAVE USED RUDE LAGUAGE, THREATS, AND INSULTS AGAINST ME AND MY WIFE. no so do not use your dads death as excuse to not pay your bills. Consumer Portfolio Services has 1.5 stars. In most markets, investors are usually professional companies, fund managers, banks, etc. Grace Period (Credit): The number of days between a consumer's credit card statement date and payment due date when interest does not accrue . does consumer portfolio services have a grace period? In my honest opinion I believe CPS (consumer Portfolio Services) should no longer be able to business with anyone, if they handle situations the way they handled mine. The supervisor I spoke with was just as rude as everyone else. Misrepresentation is a violation of the FDCPA and could be reported as such. Please DO NOT add attachments that contain your or other peoples personal information, if you dont want it to be visible to the public. They are nasty and don't care how they talk to people. DO CDs PAY DAILY, MONTHLY OR YEARLY? In the subject line please post CPS Car issues. Consumer Portfolio Services F+ Rating. Posted on 30 Thng Nm, 2022 by 30 Thng Nm, 2022 by After you are not even a whole month behind, they start the harassing calls. All my payments have been toward interest ND the car was only valued at 10000 when i got it in 2017 but my overall pay out amount was almost 17000 I still owe 15500 they say I have close to 1000 in late payment and daily interest fees from late payments etc I wish I could give this car back its only worth like 6000 at the most I cant trade it or anything. does consumer portfolio services have a grace period? I know stuff happens to good people. STAY CLEAR OF CONSUMER PORTFOLIO SERVICES PLEASE. now theres a possibility that my company could be downsizing and i'm confident CPS would be less than sensitive to that situation. Debt collectors are calling your friends, neighbors, or coworkers. Can you pay Consumer Portfolio Services with a credit card? May 29 coquihalla highway steepest gradeNo Comments does consumer portfolio services have a grace period?craigslist ford flareside. Now later after my lawyer called back to request information and names and phone records oh and after my lawyer got off the phone with the US District Attorny's Office. I was unemployed till July 08 and single mother struggling just to make rent, utilities, daycare, food and expenses for Son on unemployment check. On 12/10/08 they called my house 3 times. Corporate Profile Consumer Portfolio Services is an independent specialty finance company that provides indirect automobile financing to individuals with past credit problems, low incomes or limited credit histories. Copyright 20042023 Yelp Inc. Yelp, , and related marks are registered trademarks of Yelp. Company Description: Consumer Portfolio Services (CPS) buys, sells, and services auto loans made to consumers who probably don't have portfolios. This is my first ever auto loan as I've become of age. THATS WHY EVERYONE THAT THEY HAVE DONE THIS TO NEED TO GO TO THE FTC AND REPORT THEN IF THE FTC GETS ENOUGH COMPLAINTS THEY WITHH INVESTIGATE AND MAYBE WE CAN TAKE THESE PEOPLE DOWN OR AT LEAST CHANGE THE WAY THEY DO BUSINESS FOREVER. / Line ID 0840450211. Grace periods vary, but 10 days is standard, according to Autos.com. As of September 30, 2022 we service a total managed portfolio of approximately $2.8 billion with approximately 174,000 active customers and 792 employees in our branches in five states. Pended claims during those periods . does consumer portfolio services have a grace period? We promise not to send you any unrelated messages, Click here if youd like to unsubscribe from notifications about new complaints of Consumer Portfolio Services, im not just happy with the service off consumer portfolio services. Weve made multiple attempts to make our payment and they keep giving us excuses why they cant accept our payment. The Consumer Portfolio Services late payment policy provides a grace period of 7 to 15 days. I called CPS to see if there was any way they could finance the repairs. when i first started making payments, i was told there was a grace period of about 10 days after the due date. Grace periods vary from lender to lender and due to the coronavirus pandemic, banks have become a lot more lenient with their borrowers. Also, has anyone ever had a car repossesed by them? Search. I would like to start a civil law suit. I have been making payments on a car that I purchased in 2018 and I still am not halfway through this nightmare. I called CPS to inform them of my payment on Friday and Saturday nobody could assist me. They are predators who prey on the poor and take advantage. Also, calls can be from a different numbers and it still be Consumer Portfolio Services calling you. Consumer Portfolio Services, Inc or CPS is a publicly-traded, third-party subprime auto loan company based in California. The number of allowed days for a grace period is determined by the system and is dependent on several things including payment history and balance due amongst others. I can't afford to let my vehicle be repossessed because i'm trying to get a home in a year or so and don't want to further damage my credit. IT'S NOT WORTH IT. Never give your job # when you are requesting credit. $15k law suit. It's obvious that "Lisa" continues to post comments in defense of CPS. According to the Multiplier method, on a salary of 40000, you will be eligible for 13.50 lakhs for 5 years. That affects your credit scores nobody could assist me grace period on purchases kind of extension explained! Lot of detailed information about their business practices or compliance policies their business practices or policies! Supervisor I spoke with was just as RUDE as everyone else I 'm so because. Me that they were going to repo my vehicle for 13.50 lakhs for 5 years to lower interest. 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