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Home  »  Consumer Reviews  »  CONSUMER  »  DO NOT DO BUSINESS WITH JD BYRYDER
DO NOT DO BUSINESS WITH JD BYRYDER
Aug 31, 2008
CNAC Financing complaint
I got a vehicle financed through JD Byryder a little over 3 years ago. I too was told that I could trade in the vehicle for a new one if my payments were on time for a year. All the payments that were made over 1 1/2 years did not bring down the balance. In fact, I owed more than the purchase price. Thank god or the Attorney Generals office. Apparently I wasn't the only one. An investigation was by the State of Iowa for Nebraska and Iowa consumers and the company was closed down. By this time I had secures an auto loan with my credit union. I was told to return the car and put the keys in the drop box--and I did. I called the customer service dept and they tried toget me to keep the vehicle. I notice on my credit report it says account closed and paymen in full settled for less. If you are thinking about financing with CNAC-DON'T....save yourself some money, time and frustration.

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  Comments (3)
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1. Written by dris, on 21-06-2009 20:55

:( thank you for telling me about this bad business

2. Written by hennaysha, on 30-11-2008 20:36

yes they will call and harass you when your payment isnt even do i dont like them and the only reason i went to them is because i needed a car bad and didnt have alot of money doen. they charged me 4500 more then my car was worth plus all this high financing. by the time im done paying for the car i would have been paying for an 08 vehicle fully loaded. i dont recomend them to anyone.

3. Written by SHERRY, on 04-10-2008 10:09

I to was told I could trade in my vehicle after payments had been made on time for about a year, and then I was told if you get the balance down to 4,000.00. Then I got balance down to 3500.00 and was told, no it has to be down to 2,000.00 now. So I finally said forget you guys because my credit was not that bad to begin with and I traded that crappy vehicle in with a real dealer with a real bank.  

I never missed a payment and never was late. I had a few situations where they had called me telling me they needed my payment and I was like, uh, hello, my payment is not even due for live a week? They would look at the account and be like, oh, Sorry, we must have looked at the wrong phone number or we did not mean to call you and apologize, which one time I got a letter that was kind of threatening , the day after I had paid my payment, which I am always early paying knowing, that they will repo your crap if your late, I called and asked for supervisor because I thought that was BS since I have had perfect pay history and always early with payments, the supervisor said he would talk to the girl who sent it, was probably oversight on her part, I was like, but if I would not pay a payment on oversight you would come take my car right? So you harrass people, even people who do pay on time, and it is ok? Make promises that are lies saying you can do trade ins when you cant, and then expect everyone to be ok when you screw up?

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