Drive Financial - Dallas TXKeep away from this company!

Y
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Verified customer

I purchased a vehicle from Huston Motors, Lake Wales Fl.back in July'06. They organized the finance with Drive Financial, Dallas TX. We were rushed into signing the contract without reviewing it thoroughly. Only after we realized that a fee of $2500 was added to our loan. When I contacted Drive Financial I was told that those were fees to lend us the money. I told them that I was not aware of these fees when I purchased the vehicle and was not satisfied with the sale tactics of Huston Motors and their company. I was told that at that point they couldn't take back the vehicle and I was stuck with a loan costing more than the cost of the vehicle. I sent my first payment to Drive Financial by mail since they charge $10 to pay by phone or online. The check arrived on the 16th Aug. They repossessed the vehicle on Aug 15th claiming that they had not received the first installment and apart from that I didn't want the vehicle. After 1 week and many calls I was obligated to pay the storage fee to get back my vehicle and they paid the repossession fee. During the week I didn't have my vehicle I was not compensated by Drive Financial, only shouted at on many occasions. KEEP AWAY FROM THIS COMPANY!!!

Responses

  • Vb
    V.B. May 19, 2007
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    Yes the same thing happen to me but worse, I made 59 payment and on my final payment # 60 they're claiming I owe 3887.20 to receive my title... These people are horrible, something must be done to get rid of Drive Financial and the way they do business.

    0 Votes
  • Vb
    V.B. May 19, 2007
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    Please let's get the word out on Drive Financial Service. A very very bad company to do business with.

    0 Votes
  • Yo
    yolanda wilbanks Jun 13, 2007
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    I was financed for more also. I have contacted every government agency in the united states. They have told me that they have no control and cannot do anything. I have contacted an attorney also, there are charges on statements that no can seem to explain, there are payments misplaced, and my car was reposed also. I would like to know what does this company have that allows them to continue with these practices? who are they related to or paying off in our government, which allows them to treat customers this way. I would love to have a class action suite against them, but no one seems to be able to contact one another. Drive needs to be stopped, NOW. Lets all get together on this.

    0 Votes
  • Tp
    t.parker Jun 25, 2007
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    I've had my car a year lost my job and I tried refinancing with Drive they told me that they don't do that kind of business to try some where else. Also every time you call to try to talk to them they get an attitude they have bad customer skills.

    0 Votes
  • Ka
    Karen Leroy Jun 29, 2007
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    I purchased a car in May of 06 and Drive financial is my lender. Since the purchase of our car we have had many tough situations and have fell behind a payment. A payment which will never get caught up b/c we acrue a $45 late charge every time we don't catch up with that payment each month. I am very surprised they haven't repo'd yet reading y'alls posts, although they threaten to every day. My 3 year old is going for open heart surgery (his 3rd by the way) and when I explained this to them and we needed the money for him right now they blatantly told me that it didn't matter. There words were, that doesn't matter b/c u made this obligation to pay before your sons problems so it shouldn't play a factor in how you pay now. They call and cuss my husband out. And they speak almost no clear English so we almost never truly understand what they are saying. And no this is not being racist, I am spanish myself, but I can speak english just fine. And if you can't thats okay too, but don't get a job that requires you to make phone calls!

    0 Votes
  • Ab
    Abiel Silva Jul 18, 2007
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    Drive is a really bad company to do business with as I can attest with my experience dealing with them. I bought my car from Drive Financial in July 05 and everything was going Ok... That is until I wrecked my car in April due to an accident I had in the rain and it became a total loss. The insurance company did their part and cut them a check for the full balance.

    Keep in mind I had GAP Insurance to cover and other discrepancies just in case. I then find out that after it was all said in done that Drive had charged me late fees for not making a payment and stating that still owed them $500.00... Which they charged of interest. Now I was not going to pay any interest on a loan that should have been paid in full. Anyhow to make a long story short I spoke to them and they told me they would settle with me if I paid half of the $500.00... Basically like if I was in collections and they would settle the balance can you believer the nerve of this company. Well I went ahead and agreed with them to do that just to get this issues resolved and not deal with this company any loner.

    Well all I can say is that was April and I get a letter in the mail yesterday stating that I still owe them $250.00 plus a late charge of $47.xx totaling my balance still owed to $297.xx. Were now in July and this car should have been paid in full in April latest May and I am still having to fight with them about resolving a loan that should have already been paid in full. PLEASE!!! USE CAUTION!!! STAY AWAY FROM FINANCING WITH THIS COMPANY!!! They are a bad company to due business with and they have the worst customer service!!! If you are currently financed through Drive Financial I recommend that you refinance with another lender so that you want have to deal with the hard-aches myself and everyone else on here has had to endure.
    Drive Financial is an awful company to business with stay away!!!

    0 Votes
  • Ca
    Catherine D. Coleman Jul 25, 2007
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    a verified customer
    Verified customer

    I purchased an automobile in 2004 and Drive Finance agreed to finance the loan for me to get a 2003 Grand Prix Pontiac. I didn't have much trouble with them initially but a year later when I missed a payment I had the opportunity to talk with their finance officer, who explained that the interest rate for late fees is compound interest. According to this person, the interest rate is so high that it could extend the 60 month contract tremendously. I made every effort to pay this note on time because it was apparent to me that this company was not a first rate establishment.

    Unfortunately, I lost my job unexpectedly this year and was suddenly 3 months behind in my notes. However, I finally located a job and scraped and scrimped in order to pay the three payments. Fortunately for me, I was able to pay $1100 by June 28, 2007 and feeling confident about this I went about my daily routine without any feeling of threat from Drive Financial. Would you believe that in July, 2007, nearly a month after catching up my payments, my car was taken from my home. I had not received a letter or a phone call from this company saying that this was going to happen, so naturally I was taken my surprise.

    Something told me to call Drive Financial to ask if they had taken my car and after being hung up on by a female, put on hold for fifteen minutes by a second employee, I was finally able to speak to a Mr. Eric Frost on my third attempt to speak to someone.

    I asked him why my car was taken when the notes had been paid and he told me he didn't have time to monitor my account as he had 400 accounts not one. He also told me I would have to pay the repossession fee of $400.00 but if I did I he would get my car returned to me.

    I didn't argue with him too much because of course I wanted my car back. However, I made up in my mind that I was going to write to the Better Business Bureau here in St. Louis, MO and the President of Drive Financial Services in Texas and let him know about the rude, disrespectful and negligent employees that work for this company.

    When I looked on Google to find a name for the President of Drive Financial I found this site, and was truly surprised to find that so many people have already reported this company, and obviously nothing is being done about it. I decided to add my story to the others and hopefully someone will stop this company from bending the rules of business completely backwards. My suggestion to any who don't know is to stay away from this company because they truly are mean and ruthless.

    I got my car back the next day after being told that the $400 I paid to this company would be used for my car note (357.00) this month and any subsequent charges would be absorbed by Drive Financial. However, I usually take my mother to work every day and because my car was taken I couldn't take her. That means my mother lost $136.00 in lost wages and my car got scratched up pretty good by the persons who repossessed it because they forced the door open. Can you imagine having your car repossessed when no payment was due? Most upsetting though was Mr. Eric Frost called me the next day, which means his fingers are not broken after all, and after asking me if I had received my car, he hung up and never once apologized for half doing his job.

    0 Votes
  • Lw
    L. Wilbanks Aug 14, 2007
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    They also monitor your credit. Meaning, they check your credit report every 3 months or so or at least they did on mine. Shady company, run as fast as you can if you hear their name mentioned.

    0 Votes
  • El
    elena sujo Aug 15, 2007
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    I want to refinance my car and I cant. When they call for any matter they don't speak properly English, they are rude and aggressive. I always want to talk to a supervisor and there's none. This company has to disappear.

    They have to be in jail!!!

    0 Votes
  • Tr
    travis mitchem Aug 16, 2007
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    These people are a shining example of modern day communism/ i think that w. bush runs this company or something.

    -1 Votes
  • Fl
    Flossie Myers Aug 19, 2007
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    I agree get the word out on Drive Financial Service. A very very bad company to do business with. Every time I call to try to talk to them they get an attitude they have bad customer skills.

    0 Votes
  • Wi
    William Morgan Aug 25, 2007
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    Drive Financial has to be the worst company I have ever delt with. I lost my grandmother and my job around the same time last year. I took a trip to Iowa to bury my grandmother and stayed with friends for three months while I was there. When I had came home I had contacted Drive to explain the situation. I spoke with someone that was very rude and obnoxious. I will never do business with them again.

    0 Votes
  • Er
    Eric S Sep 04, 2007
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    If you don't pay on time, why complain? I have had zero problems with Drive. I pay on time.

    0 Votes
  • Ke
    KENS Sep 10, 2007
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    LET ME START OFF BY SAYING THAT DRIVE FINANCIAL IS THE BOTTOM FEEDER OF ALL BANKS, THAT DEALS WITH BOTTOM OF THE BARRELL CREDIT. IF YOU ARE FINANCING A CAR THROUGH DRIVE THEN THERE ARE 2 WAYS OF LOOKING AT THIS 1) DRIVE IS CHARGING ME 25% INTEREST AND GETTING RICH OFF ME OR 2) DRIVE IS THE ONLY COMPANY THAT WOULD TAKE A 2ND I MEAN..3RD...AHH...7TH CHANCE WITH YOU. THEY LIKE IT WHEN YOU PAY YOUR PAYMENTS BUT DONT MIND COLLECTING WHEN YOU DONT, I HAVE HEARD SOME HORROR STORIES ABOUT THE COLLECTING VERBAGE AND TACTICS, BUT LETS BE HONEST,WE USED TO HARRASING BILL COLLECTORS CALLING BECAUSE THATS WHY WE FINANCED WITH DRIVE IN THE FIRST PLACE,SO SAVE THE CRYING FOR YOUR ....AH...WELL IF YOU HAD SOMEONE TO CRY TO. THEN MAYBE THEY SHOULDVE CO-SIGNED

    0 Votes
  • Er
    Eric Fitzpatrick Sep 12, 2007
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    Drive Financial has totally got my be suprise. I purchased a car just under 4 months ago, my payment for the car is 670.00 a month. I have just found out that out of the two car payments I have made they have taken only 163.00 towards the princabel!!!! First of all my car's purchase price was only 23,000 and at the end of the contract I would have paid close to 50,000. I agreed to the contract because I was a first time buyer, and figure I would pay off the car early, and build up my credit. Now reading the complaints, I see that they will still hold me reliabel for the interest payments charged to the loan! How is that possiable???? I've never herd of something that stupid! Is this legal can they really hold me to interest on money I have paid off?

    0 Votes
  • Br
    Bryan Sep 24, 2007
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    I have never had a problem, but I never have been late. I know that I would probley have the same problems as everyone else if I were to be late. And to let you all know Banks are no different than Drive, all they want is their money, and will charge you for every little fee they can find.Best way to avoid this, is to never be late, or be rich and pay cash!!

    0 Votes
  • Ce
    cee jay Sep 28, 2007
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    I've had my car financed through Drive Financial 3 years ago. I was also a first time buyer and knew that Drive Financial only financed me b/c no one else would. My credit was pretty banged up but since then, only b/c I make all my car payments on time, my credit score has gone up tremendously. I actually want to thank Drive Financial for taking a chance with me when other banks wouldn't. My car is almost paid off but anything can happen between now and then. I just hope I'm able to continue my car payments so these issues wouldn't occur.

    0 Votes
  • Sl
    SLM Sep 29, 2007
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    What some people don't realize is that Drive works on a simple interest loan. Make your payments on time,you'll pay your car off sooner. The more you pay late, the more it goes towards interest rather than your principle balance therefore you would have to pay a large last payment on your vehicle. As far as the employees, they're just doing their job. Yeah, there are a few (maybe a whole lot) of bad apples, but just ignore those ones. Payments over the phone and online is 10.95 charged by Western Union. Drive does not profit off of that fee whatsoever. I hate to hear stories of customers who dont thoroughly read the contract and sign it and is BY LAW obligated to make payments and think that Drive can do something about it. It breaks my heart honestly!! All I can tell you is to hang in there. The calls will be there if your payments are behind. Drive is not breaking the law, they're not paying the government, and they are not there to harass you. Hang tight...you might hate me, but I work there. I'm one of the nice ones ;) I work with customers to try to get accounts current. If something is not arranged, it will call ou back. Guess what? IT'S PERFECTLY LEGAL TO DO THAT! It's strange, yes. It's the magic of the almighty automatic dialer. Drive is a great company and works with customers above and beyond. Most auto financing companies will reposess on 60 days past due....not Drive. It is our objective to keep you in your car. Hope that helped...and again...I'm one of the nice ones!!!

    0 Votes
  • Ch
    Christopher Wadsworth Oct 10, 2007
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    I don't care if you're working for Drive Financial or not. If you are one of the nice employees, then what makes everyone else mean. You need to pass on to your fellow co-workers that in order to get full compliance from their customers, they need to be more patient, understanding and a hell of lot nicer. I am getting tired of MANAGERS hanging up on me when i am talking to them. Personally that is rude and very unprofessional. Another thing I wanted to mention, under the FDCPA, Creditors may contact other people, but only to find out where you live, what your phone number is, and where you work. It is against the law to contact someone's work and tell their employer that they are behind in payments and they owe a certain amount and that they are going to repossess the vehicle that day. That is a violation of the law and a creditor can be sued.

    0 Votes
  • An
    Anoynomous Oct 13, 2007
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    I requested an extension for my vehicle because of mechanical problems I am experiencing on my car that need immediate repairs. I was told to call back in a couple days after my initial inquiry call and when I did so I was hung up on three times and placed on hold for an extensive period of time. My account is current and I explained to each representative I spoke with that I am requesting an extension so that my account remains in good standing. Drive Financial has very poor customer service and I am trying to contact the Dallas news station to make a report against them because this is ridiculous.

    0 Votes
  • Sl
    SLM Oct 28, 2007
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    People who work for Drive and tell people at work other people's business are stupid and need to be fired. I wish employees at Drive were all on the same page but some of them like to take matters in their own hands and go against company policy. Their are many employees and they cannot handle them all at once. Deferments (extensions) are a touchy issue just because so many customers have abused them. I'm not in the department for them and I'm not allowed to offer them to customers. Usually deferments are offered to customers in extreme delinquency. Frankly, I am doing my best to get all of the employees to be at their best and make us better, but as long as there are people who don't give a crap about customers those problems will remain.

    0 Votes
  • Kh
    Khandi Nov 01, 2007
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    Verified customer

    This company has ripped off my daughter and sister. Both have financed through them to only find out that the money they paid has not been applied to the car. They are currently trying to repossess my daughter's vehicle and she is up to date on her payments... BEWARE OF THIS COMPANY!!!!

    0 Votes
  • An
    angela miller Nov 05, 2007
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    a verified customer
    Verified customer

    My husband purchased a ford f-150 in 2003 and we made 51 payments. We owed 3500 dollars and wanted to pay it off before the due date. (9 months early) They told us after given the complete run around that if we pay it off today that it would still be 3500. I asked why would we still be responsible for the interest charges and finance charges till July if we wanted to pay it off in Nov! they said that you have to pay it. I asked to speak to a supervisor and I stayed on hold for twenty mins and then hung up on. I call back and ask if I could get a copy of all the payments and where exactly my money was applied, they said that they couldn't do that. I hate this company and i hope they get what they deserve.

    0 Votes
  • Te
    terry bernard Nov 15, 2007
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    your group repossessed a car 2001 or 2000 Honda accord stating we were 6 mo behind, then returned the car 6 hours later and that was around June or July we have called numerous times and when we finally talked to someone we were told to go after 5 star and talk to all these entities in your organization,,the car was damaged 1800.00 worth by est of damage the car in question was in pristine condition.. we are being charged for this mistake with the damage and the towing fee, we are getting real sick of this not being addressed by any of the mushroom styled monkeys you have in this organization that is currently making your institution a place that has questionable business ethics,, we were told we owed 1054.00 and ignored on everything else so we paid 700.00 and now are told we owe 1600.00 we are going to pay one more payment and are going to file with the better business bureau,and we are going to paste the internet with the factual tales of your practices... do get in touch with us regarding this big issue to us and no issue to you...

    0 Votes
  • Re
    rey j. manocal Nov 15, 2007
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    I also have the same problem with drive financial. Good thing that I finally located this site about the complaints, I think if we get together somehow we can close these company for good. I need everyones help here.

    0 Votes
  • Sl
    SLM Nov 15, 2007
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    a verified customer
    Verified customer

    Ok... I'm reading you complaints so that I can see a customers point of view. These stories sound horrible and I hope the best for all of you and your situations. I recently moved to another department so now I can offer deferments so I know how they work now. So here it goes. Usually deferments are offered to customers that are 40 or more days past due. Depending on pay history, NSF activity, recent deferments and the life of the loan you could be eligible. If a deferment is offered to you IT IS NOT GUARANTEE!!!! Lots and lots of account managers fail to mention this to customers. Deferments are on a first come first serve basis. We had a meeting last week and management stated that November deferments cannot be offered. Whenever we put in for a request for deferment, the account manager goes through the process and then submits it to our supervisor. They are supposed to keep up with your account and call you to tell you if have been approved or denied. They are not supposed to leave you in the dark waiting and then you are a month past due. I REALLY REALLY want to make customers happy. I know that some horrible situations can come up and put you behind. I am behind on CREDIT CARD payments as we speak! Someone Stole my account number and my account had to be closed. So I havent paid my bills in a month. I know it's not a car payment, but I have received collection calls before. If you know someone at Drive is breaking FDCPA laws don't be afraid to call and complain. The holding on the phone issue...being on hold for an un-Godly number of minutes I hear all the time. I don't know why that happens. Make sure you call the toll-free number instead of the number on caller ID, I guess. Most of the associates are on the Auto-Dialers so it might be a while. If you got questions feel free to ask me. I'll try to check on it as often as possible :) I'm the nice one. Please don't hate!

    0 Votes
  • Ma
    maasai Tiye Nov 16, 2007
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    a verified customer
    Verified customer

    We purchase a Malibu 2006, at 25% interest rate. We received the car without being approved from any bank, able to drive off the lot before being approved. We didn't think it was unusual at the time because we couldn't get any bank to approve us for a loan. We were so elated to get the car, We had the car for a month before any bank would approve us, by that time it was too late, they had no choice either finance us or take back the car and resale it. We were not made aware of the interest rate. We understood that the interest rate would be included in the 734.04 monthly payments. Since then we ha11-17-07 we've come to know that the total price on the statement does not reflex the interest acquired, neither does it reflect the amount being paid toward the principal so it's like paying and paying large amount of money and the total never decreasing. I felt too that we have been duped and that We have been set up for failure. We were told by the auto dealer that after a year we should be able to ref9nance the car. We spoke to drive about 7 months concerning refinancing and we were told by the phone representative that Drive fin. doesn't refinance at all. We felt at that time that it was too late, that we were stuck with the car and the large car payment of $734.04. 11-17-07 Drive fin. was called because of continual difference, and disagreement in the monthly balance. I spoke with a representative named Kim, who was very rude and unprofessional she was not able to clarify or help me understand why the statement was the way it was. I inform the rep. that I wanted to speak to the Supervisor, I was put on hold the supervisor than picks up, her name Ivina Joseph, I explained to her why I was calling in concern of the disagreement in statement accuracy. She explains why, I still felt that it was not accurate and that I was not satisfied with what I felt was not right. She made a suggestion and ask whether I would like a financial statement sent to me, I told her yes and gave her a fax number. She was very polite and tried to help me. I called her back about 1:00, and requested to speak to Ms I. Joseph, I was put on hold for 10 min or more, no one bothered to pick up the line and tell me politely that the supervisor would be there to assist me in any manner. When the supervisor finally did pick up, it was no the supervisor that I requested, she said that she would assist me, I in turn told her that I had called earlier and spoke with ms Joseph and I insisted on speaking with her. The supervisor than got an aggressive unprofessional attitude and said that the supervisor Joseph was not available and that she could not allow me to hold for her, I insisted on holding for 5 min. after all I was kept on hold for at lease 10 min. The supervisor stated that I would have to call back. for the supervisor has left out for lunch. 2:10 I call back Representative Alexia Codonalis was professional and polite, I again requested to speak to ms Joseph, finally ms. Joseph picks up and again assist me, she had mention that she forgot to tell me the financial report takes 72 hours before I could receive it. The supervisor apologize for the actions of the staff. This day the light bulbs came on showed the reality of this company and how they value their clients. I agree with these other clients, we are being abuse financially and set up for failure from the beginning.

    Maasai/keymah tiye

    0 Votes
  • Ja
    Jamie Chance Nov 21, 2007
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    Verified customer

    I cannot believe the issue's I have read with respect to Drive Financial. Everyone should know and be forewarned of the lies about the accounts and harassing phone calls at my job claiming I owe a payments that I have a record a paying!!!

    0 Votes
  • Mi
    Mike S. Dec 03, 2007
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    a verified customer
    Verified customer

    I just made arrangements to make my final payment of $1355 with the company. I also logged on for the first time to my online account and realize that I paid a LOT more than the vehicle was worth But you know, looking at it realistically, it was my fault.

    1. I was desperate for a nice vehicle. Instead of using the $2k I had to buy a cash car I could easily afford, I chose to get a very nice vehicle.
    2. I made many payments late due to legitimate and not-so-legitimate reasons (Christmas presents for others, etc...) and the last payment is penance for that.
    3. I did not fully understand the agreement that I signed or the amount of interest - I was an uneducated consumer and that is not their problem but mine. I will never get into a high interest loan again to save my life now that I know.

    The bad part is they called me to tell me that I owed the $1355 and was 37 days past just after I made my final payment of $907 (yep, I doubled up on payments for that one) and they were still agreeable to let me make the payments as long as I made arrangements. Again, they were not perfect but even from the beginning this has been a manageable situation. I missed payments and got deferments twice over the life of the loan which was 5 years. I was late about 10 times a year over the life of the loan.

    I cannot speak for everyone else. I can say that I am happy they gave me the loan. Happy they worked with me through the bad times. Happy this thing is over. And I will not buy another vehicle through them or anyone else without understanding the entire contract from what I pay, when they repo, how do I get deferments to the final payout possibilities. See, I have matured over the last 5 years and it is due to the high cost education I got through Drive.

    Finally, I have printed out ALL of my information - payment history, interest, fees, payout amount... Once I get my title I will update the postings here. Wish me luck.

    0 Votes
  • Du
    Dude in Texas Dec 03, 2007
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    Verified customer

    Drive Financial Services are a bunch of ###S. I got behind on my payments and was constantly harrassed by people who were complete asswipes. I sent in the defered amounts and they repo'ed my vehicle today. All this company does is bend you over and ram it in as far as they can. STAY AWAY FROM THIS COMPANY, AT ALL COSTS!

    DUDE

    0 Votes
  • Co
    confused Dec 04, 2007
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    a verified customer
    Verified customer

    I also am financed with Drive Financial. I got my car in June '07 and in December '07 I have yet to receive any payment book or statement. I have contacted them more than once on this matter, but no results. I make my payments, but really don't have any way of knowing if they are posting.

    0 Votes
  • Cr
    Craig Brown Dec 12, 2007
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    a verified customer
    Verified customer

    Pay Your Bills People!! Car loans are just like car insurance... you have an accident in your car you are considered a risk... miss paying a few bills you are a risk.. With risks comes higher rates... Drive would not harrass you or reposesses your vehicle if your payments were currnet.. GET A LIFE!!!

    0 Votes
  • Tc
    tcarter Dec 12, 2007

    I won't EVEN tell all the problems we had with Drive. It started with us making the payments every single month 5 days before the due date and they claimed (SIX MONTHS LATER!!!!) that the payments were late. We fought with them for months showing faxed bank statements and everything that the payments were on time. They started calling my parents house trying to get them to make a payment for us. My mom had to threaten to sue them if they didn't stop. (They got their number from our references). It was OUT OF CONTROL. Only 2 people in the 2 years we had the car were nice. It was out of control. I have letters upon letters sent to drive about our payments trying to get everything straightened out. It was so out of control we finally had the car repo'd just so the stress of the company would stop.

    The PAYMENTS WERE MADE ON TIME and they still harrassed us! They would call one week everyday for a week in advance of our due date to remind us we had a payment coming due. No kidding!

    RUN FAR AND FAST FROM THIS COMPANY. LOBEL FINANCIAL IS ANOTHER SECOND CHANCE COMPANY WHO IS NOT RUDE!!!

    0 Votes
  • Do
    Donna Patterson Dec 19, 2007
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    a verified customer
    Verified customer

    I purchased my 2006 Nissan Altima in May 2007. I had my hours decreased due to insurance cuts, I worked in surgery in a rural hospital. I kept Drive representatives well imformed and they were excellent. I never encountered anyone that was rude or that wasn't extremely kind and compassionate. I even spoke with the nicest people who were not fluent in the English language. Kindness is a universal attribute. I have nothing but kind words for the staff at Drive Servicing. It saddened my heart that others have had such unpleasant experiences with them.

    Sincerely,

    Donna L. Patterson

    0 Votes
  • Ca
    Casaubon Dec 27, 2007
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    Drive is the worst company to get a loan from. Time and time again they have lodged uncontracted fee's to my account. And talking to them about it is a kin to digging your own hair out with a butterknife. See drive at [redacted].com there is a list a mile long.

    0 Votes
  • De
    Debbie Guzman Dec 31, 2007
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    a verified customer
    Verified customer

    I had the same problems that I have read here. The first time they reposessed my car, 97 Ford Mustange it was in a bankruptcy. (Because like so many I had lost my job and didn't want to lose my house.) The repo guy told me it would be easier on my car if I just gave them the keys. It had never happened to me so I believed him. When I got that mess cleared up (which more than a week) and they infomed the repo man, he met me in a mall parking lot to return my car. It had 500 extra miles on it! And it had fast food trash in it!. I called Drive and told them and they said there was nothing they could do about because they contracted those kind of things out. Then the bankruptcy fell through and they came to repo it again without any notice. I only owed $1000 to pay it off. I had intended to pay it all. They never responded to my letters to get a payoff amount. It has been over 1 1/2 years since they repoed it and now I am getting toll tag bills and a Violation with the JP Court for parking in a prohibited area for that car. They never took it out of my name! What a business! How do I know who they sold it too! Don't know what to do about the mess!

    0 Votes
  • Ro
    Roger Holmes Jan 04, 2008
    This comment was posted by
    a verified customer
    Verified customer

    Before I start I just want to say that I understand that there is a high intrest payment on my loan, I knew that when I signed the contract. I also understand that I will be paying on the intrest more money than what I am paying for the actual car. Now here is where everything goes kinda Blahhh. On June 2nd of 2007 I got an email saying that I could get financed on a new car, and seeings that I have very poor credit and in desperate need of a dependable car I jumped in. I have issues with the dealership that sold me the car because I feel that the worker there took advantage of me because he saw the word sucker plastered on my head, but that is a different topic. My main issue is with Drive Financial. My intrest is 24.9% over 5 years with a monthly payment of 422.00 a month. So I will be paying 30,000 for a 15000 dollar car by the end of my contract. I was told by the dealership that I can refinance after a year for a lower intrest and possibly lower car payment. When I spoke to a rep with Drive financial I was told they do not refinance. So I was mislead there. I told the rep that 422 dollars was a lot of money to come out of one paycheck so would it be possible to split my payment so that I am paying half of the payment bi-weekly, and I was told that I could do that. So I paid a months payment then called Drive two weeks later and was ready to make my first half payment and it was then that I was told that they do not accept half payments that will go towards the principle. They will take that money and put it towards the intrest but I still have to pay the full monthly amount of 422 each month. I was also told that if I have a due date of the 2nd of each month that even if they recieve the check on the 2nd of each month, I am still charged a daily intrest fee of 10.40 because it takes 5-7 days to process the check. Well just because someone does not want to get up and go the the bank does not mean that I should have to pay for them being lazy plain and simple. I make sure that my bank send out my payment so that it is recieved before or on the due date, so I should not have to pay any daily intrest fees. I was told that there are two ways I can avoid those daily intrest fees. One is doing a check, or debit card over the phone, but that is an additional 10.95 per transaction, or I can allow Drive to automatically deduct the payments out of my account each month. Well I do not know about you guys, but I do not want anyone having access to my checking account except me and maybe my wife (depending on if she lets me buy what I want :) ) I do not know the laws in Texas but I do know that here in Cleveland Ohio that is illegal for them to charge daily intrest fees when they have recieved my payment, just because they do not deposit it right away. When trying to dispute that with them, it resulted in them "hanging up on me" Now here is what REALLY gets me steamed. I was told that each day my payment is late I am charged 10.40 per day for each day that my payment is late. I am also charged an additional 10.40 if my payment is more than 30 days late which means that depending on how many days are in a certain month I can owe over 320 just in intrest alone for one month. Something about that did not seem right so I decided to look at the contract that I signed with the dealership, and on my contract it states that if my payment is MORE than 10 days late I am charged either $15 or %5 percent whichever is greater. Nowhere does it state what Drive mentioned to me. When I called Drive and explained that to them, the lady on the other end told me to hold on so that she could look at my contract. She came back and few minutes later and here is what she said. "Unfortunatly the daily service charge is not in your contract, but that is something that Drive Financial does" When I tried to dispute it with her and inform her that you can not have me pay something that I was not informed about, or that is not in my contract, the phone call somehow got disconnected. Now granted if you want to avoid the late charges then you need to make your paymenrs on time, but at least in my situation, my credit is bad and so I am high risk to begin with. Trust me I want to pay for this car because I want to rebuild my credit, but Drive knew I was high risk that is why I am paying 24.9 percent intrest. But trust me on this, had I known about the daily intrest fees, I would of walked to work and saved 400 dollars a month till I could afford to but a junker for a few grand. I have come across some rude reps, but I think what really gets me upset is the lack of knowledge the workers have. I am told so many different things by so many different employees, and none of them equal what I was told by the previous rep. But the one thing every single one of them gets correct is When can we expect payment, and how to hang up the phone when you want to dispute something with them. So whoever wants to do the class action lawsuit count me in. I do not know how you can reach me, but at least through here we can keep in contact. I would love to sue them, but unless I can find an lawyer who will take the case and not want money upfront I am screwed.

    Thank You Roger Roger Cleveland-Strongsville, Ohio.

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  • Tp
    tpa Jan 08, 2008
    This comment was posted by
    a verified customer
    Verified customer

    I really don't have much to complain about Drive. I was a first time buyer and was told that they were the only ones who would finance my first car, even though I gave a $2000 down payment. This was back in '05. We did try to refinance and got the same answer I've seen posted, but in '07 we traded in our car for a brand new one and had no problem at all with the pay off. Yesterday, I even got a check in the mail for an over payment I did when I had my other car. I did call Drive first tomake sure it wasn't a scam or anything.

    0 Votes
  • Sc
    Scott Jan 09, 2008
    This comment was posted by
    a verified customer
    Verified customer

    I agree with everyone so far. I my self was trying to do things right with them and found out the hard way. I was accused of telling them one thing when I knew it wasn't true. I explain that I wasn't aware of what was going on and that a payment was on my credit report so how was I to know it didn't post as they say it didn't yet it came out of my account. I have my car and I don't plan to give it back until I can figure out a better way to handle this. I may not be doing this the right way but all I have seen from several sites is that they are a horrible company to be assoc. with... I have checked with local law and they law can not get involved in the repo of the car only the loan if they go after you for this. I my self am trying to get it refinanced through another company if anyone knows of a good company helping people with bad credit get a refin. feel free to let me know... This is a sad day when a company like this gets away with such horrible acts. I have tried calling in to talk to them and I get a getto attitude and it is very hard to understand them as well as they break the law by others listening in with out telling the caller. I hope if anything everyone who does go through them sooner or later bankrupts the company I am told they have been under several names due to this issue.. I wish everyone luck!!!

    0 Votes
  • Ju
    Julie B Jan 10, 2008
    This comment was posted by
    a verified customer
    Verified customer

    My husband and I purchased a Dodge Durango for $19995 in 2005. I wish I never would have purchased this now. We were not told about drive. We started rec'v phone calls 2 WEEKS before our first payment was due to tell us that we were late. WE PUT $4000.00 DOWN AND DIDN'T HAVE TO MAKE A PAYMENT UNTIL THE MID OF SEPTEMBER AND STARTED GETTING CALLS ON LABOR DAY WEEKEND!!!!! When we called them back and told them when we purchased the car and that our payments were to start on September 15th they said that they were reminding us that the payment was due. Well when you threaten to come and pick the car up that day that doesn't sound like a reminder. So we were ok. But then we were still making payments and they called my parents, my brother, my job, my friends, everyone telling them to make a payment for me or else. I asked about the payoff for the car after a year and I was told that my payoff was $29000.00 well hold on a second I only would have financed at most 22000.00 which is what my contract stated but no one could tell me what the extra money was for. I asked them why it was more than what I purchased the car for and they said I had to pay for all of the interest up front. WHICH IS ILLEGAL IN EVERY STATE IN THE UNION!!!!! You cannot charge interest first and then take money off of the principal. On top of it you cannot something that is not in the contract. So the $10.40 a day which I am reading about above is also ILLEGAL!! I have contacted some of the lawyers who do this type of thing and they would love to take care of these people. But to move ahead with my story I was just like ok I will continue paying because I have to have a car to go to work. So I waited another 6 months and I called to get the payoff of the truck and I was told that the payoff was $29500.00. When I asked why it was more than what it was 6 months earlier they stated that it was interest. Mind you the payments were made and made on time. I was so frustrated that I was just about over it. So this past august I called them and told them to come and pick up the truck because then I called for the payoff again I was told it was still 29000.00. We have pictures to document how the truck was when they picked it up. We received a demand letter stating that we owed them almost 22000.00 for the remaining balance on the truck.

    I am now trying to purchase a new truck and I have been told that I need to pay off this amount or fight them. Well I still don't know how you can owe more than what you purchased the car for when you made 23 payments on time and 1 extra payment. And then you tell me I have to pay you another 22000.00. So I am calling the lawyers back and I am getting this taken off of my credit. SO many dealerships and banks know Drive that they feel sorry for people who use them. It is few and far between for good things to happen. There are different sites for class action lawsuits and everyone out here needs to go to them and start one up.
    STAY AWAY FROM DRIVE!!!!!!!

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