Their dealer pages inform site visitors that Consumer Portfolio Services has programs for franchised and independent dealers and that partnerships with auto dealers have made CPS a leading subprime auto lender. CPS also helps dealers build a successful subprime operation by providing training and support from CPS marketing representatives who know the market and know how to bring dealers qualified leads, to ask customers the right questions to help dealers maximize approvals and profits and to get paid on deals.The dealer FAQ page outlines CPS programs and informs site visitors that more information is available by contacting CPS. Consumer Portfolio Services Reviews, Complaints & Contacts | Complaints Board, Page 5. Your student loan servicer is obligated to provide you with the following information: Your loan repayment schedule. I do return their phone calls daily, only to be told they do not post date checks. . WTF? Even if my phone got disconnected, they got someone elses number to call me. We fund these contract purchases on a long-term basis primarily I told them they were severely mistaken because after dealer calls them for payoff I am no longer in the picture!!!! Some may allow you to have the interest transferred to a different account, such as a savings account or a money market account. December 2008 will be 3mtnhs if I don't get the money soon. Are you an owner, employee or ex-employee with either negative or positive information about the company or can you provide "insider information" on this company? For more information about reviews on ConsumerAffairs.com please visit our Then if I do not respond to their calls they start harassing anyone I listed on my original loan application as references. Read more about the firm. The Consumer Portfolio Services late payment policy provides a grace period of 7 to 15 days. We will fight for your rights. but if she had looked at my contract she would have known I am the local law enforcement authorty. Can you pay Consumer Portfolio Services with a credit card? I appreciate their assisting me at the time, however they need to know and understand that people loose jobs and experience other financial difficulties. Again they are very rude, discourteous and cannot treat a customer with respect. They never came to my home to get it, but did reposes it from my work a week ago. They question what I do with my money. I can't request a change on the date of payment. Make Payments, View Statements, Get a Payoff Quoteand much more! Big poppa Not to mention having to call and reiterate every single time the same situation when the notes are obviously placed right in front of them for people that are supposed to take the notes every call that is taken especially they can go back and listen to a recording of a call to affirm that all that was said was said. I agree with you totally. "But if the card issuer . I called to get a pay off on my auto loan and the woman was a cu**. I came into some money and I called the payoff phone number. reinbold and pfeffer funeral home obituaries FAQ. I did recieve a phone call from a lady that was pleasent and she wanted to see how we could mediate this problem. 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. 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! Write a comment below to share online. Really? The grace period for federal student loans is typically six months. Wow, I thought that I was the only one. Author: Categories: . this would make my car loan be 30k plus. They have reduced me to tears several times as well. Which in a sense should do but would of never thought of doing if it want for this truck, I cant afford for them to take more a month from me than my monthly payments are and not have the truck. Something is terribly wrong with this picture. They went ahead and stole the money out of her account the next month without any kind of contact or permission. I was one & half payments late on my auto loan. The dealer called them last month requesting a payoff amount to close account all was agreed I brought home my new car home in July and my credit report was in great standing even running behind 30 days with aforementioned disaster company. May 29, 2022 by No Comments In the subject line please post CPS Car issues. Consumer Portfolio Services (CPS) is an independent specialty finance company that provides indirect automobile financing to individuals with past credit problems, low incomes or limited credit histories. Since then my vehicle tags have came due, I cannot register my vehicle in the state I live in, nor can I do anything about it because CPS refuses to send the title to the state to be printed with them as the lienholder. Has anyone gotten anywhere with these interest rates and the balance due?? Consumer Portfolio Services (CPSS) is expected to deliver a year-over-year increase in earnings on lower revenues when it reports results for the quarter ended June 2020 . does consumer portfolio services have a grace period? I am a teacher and I am not allowed to take personal phone calls unless it is an emergency. The answer varies by account, but most CDs credit interest monthly. My ex has been making small payments when he can and has reduced the balance to apprx 5800, but they still refuse to change our credit report to the correct info. Let the financing world know that we won't take but so much of their crap! Submit a complaint and get your issue resolved. Thank you for requesting your free case evaluation. If I had $ I would have gotten the Camaro repaired. Your CPS Platinum Card allows you to choose your top-quality car, truck, or SUV from one the nation's largest dealership . If I am one day late for payment the calls start coming ! They called me 4 days after the due date. How in America is this legal and possible. Total rip off. Today I made the half payment until tomorrow where the full payment could be made. See the jurisdictions in which our lawyers are licensed, admitted, or otherwise authorized to practice. YES THEY ARE VIOLATING THE LAW! Any advice in the event I lose my job? Unsubscribe easily. None of which is true, I speak with CPS at least 2-3 times a month, because they do call over and over. I was even told by one of their representatives that if I could pay my student loans on time, then I could pay them. Just a suggestion, Also as will as flooding them with call, Also file an electronic complaint of the federal trade commission website each time they harrass you. Does Consumer Portfolio Services have a grace period? This is the worst company that I have ever dealt with. Im going through the same thing!!! After calling to work out something as I have been paying on this account for three years before Covid & thinking something could be worked out. 18% interest. 4,174,610 reviews on ConsumerAffairs are verified. We purchase retail installment sales contracts primarily from franchised automobile dealerships secured by late model used vehicles and, to a lesser extent, new vehicles. (This is based on the year to 2017). Confidentiality Guarantee: We keep your information completely confidential and will not send you spam or sell your information. Pulled over didn't see any thing stuck under the bottom. As for your specific concerns, there is no set grace period for late payments. They have even called my Mom and told her the same! I got an email from Vanessa Dixon at CPS on Friday that she was looking to move my case for repossession. Thiefs! They keep HARASSING me call me every day. I continuously received phone calls from them harassing me and any of my contacts. I received all the paperwork and notifications from the DMV. does consumer portfolio services have a grace period? 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!! I'm sure CPS will try to sue me, my plan is to file a countersuit if they try to put the repossession on my credit report. I, like a lot of other people are in a trap with this company Im paying more interest than principal for a car that was purchased for $9450.00 and I have had the car since 2018 and they are saying I still owe them almost 7000 dollars. I was then connected to the same lady that had called me before I believe her name was Connie this time she demanded a payment on the loan. It's about to break down anyways and is costing me like $500 a month. The biggest of my payments are going toward interest which I was told would go down as I paid the loan down. You call back they hang up on you. Please DO NOT add attachments that contain your or other peoples personal information, if you dont want it to be visible to the public. The number of payments. The original call was from a driver coming to repo my 2006 KIA. The grace period duration varies depending on the contract and debt instrument but is usually 15 days. But for some reason they just cant seem to receive our payment. On one occassion a representative screams in my ear and hangs up on me. But the reason for my review is this, after the years I had been with them it was time for me to part ways and go with a different company. We complete that, in pesos is approximately ARS34 billion. I have told them not to call me anymore, but they still do. I explained to the gentleman that it would be in the best interest of all the parties involed if he didn't pursue my vehicle. I'm wondering if this has happened to anyone else? I mean yeah it looks bad all around, I am not made of money and they want it all, worst financial decision I have ever made, but will never make it again! These people are very inconsiderate and need to be stopped of there foolish acts. I have had it with this company. I have had about 4 months deferred due to hardships from health reasons. They also ask me what condition the vehicle is in? I 'm very annoyed given I was not asking to escape from paying my loan, I just wanted to lower the interest rate. ", CPS Announces Third Quarter 2022 Earnings, CPS to Host Conference Call on Third Quarter 2022 Earnings, CPS Announces $307.0 Million Senior Subordinate Asset-Backed Securitization. I asked. I financed a vehicle for 21,155.10 in 2014. as of today I have paid in almost 19k in payments, which 14k has been applied to interest alone. What days are Consumer Portfolio Services open? They threaten me every month that my payments are not acceptable and they are going to get the car. I feel like I pay an pay for nothing. However, most credit cards provide a grace period on purchases. AND I DID NOT APPRECIATE THE WAY THEY TALK TO MY MOTHER AND OTHER REFERENCES. CPS had to be aware of this, once they financed the car, the received the title that stated salvaged vehicle. The grace period is a window of time during which a . Login. "Lisa" must understand that everyone including herself will experience some financial difficulties a few times especially with our current economic difficulties. while i was on medical leave, even after i notified them to let them know i will be on medical leave.they were still calling my job telling my boss i need to pay on my truck and before going on leave i fell behind on payments, due to me missing days off from work.They told my boss that they will come and get my truck. Consumer Portfolio Services stocks (CPSS.US) are listed on the NASDAQ and all prices are listed in US Dollars. YOU NEED TO STAY CALM AND THINK *** LEGALY*** YOUR PAYMENT CAN NOT SKIP A MONTH, WHAT YOU ARE ASKING FOR, WOULD VIOLATE YOUR CONTRACT. Can you say that I was so embarassed that my Mom and school secretary knew my personal financial business. If I would of know what type of people would have been loaning me money I would never got the truck. One of our staff members will call you shortly. Founded Date 1991. Original review: June 29, 2022. By Sergei Lemberg | Updated on October 1st, 2022. These people are rentless! File a [redacted] and dont let them get away with it! Posted on 30 Thng Nm, 2022 by 30 Thng Nm, 2022 by Before I forget, they call from different numbers and places, that is why I told you to let your answering machine do the listening. Log in to the Customer Portal. It is also rude to agree contractually to pay for something you want and not pay in a timely manner. They TALK to my home to get the money soon please post CPS issues... Once they financed the car from my work a week ago my contract she would have gotten Camaro! Call over and over * * every month that my Mom and secretary. Our payment which a as for your specific concerns, there is No set grace period 7... With the following information: your loan repayment schedule I paid the loan down up! 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