Threatening calls
Complaint
Iline
Country: United States
They call me at all hours of the day. I am on a maternity leave and they have been calling my office every day. They accuse my coworkers in lying and covering for me because they say that I am on leave. I tried to talk to them but they are threatening me with police and say they will take my vehicle.
Comments
"Consumer Portfolio Services, Inc.
16355 Laguna Canyon Road
Irvine, CA 92618
Contact: Jane Holland
Phone: (800) 365-7285
Company Rating: F
No. of Cmpl Type of Response
1 Making a full refund, as the consumer requested
0 Making a partial refund
45 Agreeing to perform according to their contract
1 Refusing to make an adjustment
4 Refuse to adjust, relying on terms of agreement
213 Unanswered
2 Unassigned
266 Total
Some complainants alleged harassment of their friends and relatives, threats, profanity and other unconventional practices were used to scare debtors into paying. Others alleged incorrect statements, payments were not credited, or late charges were routinely added to billings when the previous payment was not late at all.
The company responded to some complaints by offering explanations of the billings, or by denying allegations and attempting to justify their collection efforts. In many instances, the company claims they cannot respond to the complaint without additional information provided by the consumer, such as account number or social security number. "
http://www.la.bbb.org/business-reviews/Loan-C ... ine-CA-92005283
CPS will continue with these practices far ahead in the future, because the individuals that they lend to are , struggling to make ends meet, and can not afford attorneys. CPS and its employees will continue to harass individuals, both on the phone, on credit reports and whatever means to keep you below the acceptable credit score until they collect their over inflated debt due. If you look on their web-site, they claim that they have a high percentage recovery rate on debt outstanding.
The other problem is that they are not reporting properly to the IRS, in that they report debt unpaid as charge off. In other words they report on their Chart of Accounts as a write off and they do not have to pay taxes on loss income at the end of each year. They continue to attempt to collect on write offs and false reporting on your credit report. More than likely if you are able to hire an attorney to settle, CPS does not report this income to the IRS because they have already reported on the Chart of Doubtful Accounts as loss income. Please note that CPS does not sell their loss loans to Credit Collection Agencies.
In conclusion, CPS will never be held accountable for their predatory lending. They know how to play the game of this countries lending practices and they are in a sense decorated and unquestionable predatory lenders.
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