They sell their cars to desperate people with bad credit and take advantage of people with high payments and APR for several years. These cars are older cars and have payment of over $350.00 a month. I am aware of three (3) individuals from my local area who purchased cars from them...and the cars were all repossessed several months later. Georgia Car Credit take these cars and resell them.
One instance, they sold this mid-aged lady in the year of 2012, a 2004 Mercury Sable, with APR of 27.92% and payments of $359.00 a month. Total paymebnt for the car would add up to $19,423.52.
Later on, Georgia Car Credit hires a law firm to sue this person and produced a voucher stating they re-sold the car one year later for $3,224.46. Under the original deal, the owner would have paid $19,423.52 for a 2004 Mercury Sable (a car that was eight (8) years old when she purchsed it)
They have pressured individuals (three in my local area) to either agree to pay the money or they will take them to court and garnish their paychecks. This tactic has been accomplished by scare tactics using law firms who file court orders to retrieve money owed. This is a very low-down scare tactics hiring a law firm to go after people who are already struggling and have very limited funds available. They know these people can't afford an attorney to fight them!
I strongly recommend the state of Georgia Attorney General and others fully investigate Georgia Car Credit business practices and the scheme they use on desperate people. They know in their hearts that these people can't afford these payments and that they are desperate for transportation. These people are targeted and later on lose the cars and then sued by a law firm for a car that was resold.
Georgia Car Credit Reviews
They sell their cars to desperate people with bad credit and take advantage of people with high payments and APR for several years. These cars are older cars and have payment of over $350.00 a month. I am aware of three (3) individuals from my local area who purchased cars from them...and the cars were all repossessed several months later. Georgia Car Credit take these cars and resell them.
One instance, they sold this mid-aged lady in the year of 2012, a 2004 Mercury Sable, with APR of 27.92% and payments of $359.00 a month. Total paymebnt for the car would add up to $19,423.52.
Later on, Georgia Car Credit hires a law firm to sue this person and produced a voucher stating they re-sold the car one year later for $3,224.46. Under the original deal, the owner would have paid $19,423.52 for a 2004 Mercury Sable (a car that was eight (8) years old when she purchsed it)
They have pressured individuals (three in my local area) to either agree to pay the money or they will take them to court and garnish their paychecks. This tactic has been accomplished by scare tactics using law firms who file court orders to retrieve money owed. This is a very low-down scare tactics hiring a law firm to go after people who are already struggling and have very limited funds available. They know these people can't afford an attorney to fight them!
I strongly recommend the state of Georgia Attorney General and others fully investigate Georgia Car Credit business practices and the scheme they use on desperate people. They know in their hearts that these people can't afford these payments and that they are desperate for transportation. These people are targeted and later on lose the cars and then sued by a law firm for a car that was resold.
This company is so corrupt from top to bottom!