Advance Fee Loan

Scam Type

Advance Fee Loan Scam

Business Name Used

Drivetime

Date Reported

Oct 26, 2022

Victim Postal Code

64138

Total Dollars Lost

0

Scam Description

This company charged my 19 year old son an interest rate of 30% for a 2014 Chevy Cruz. His contract doesn’t end until 2027! He has to pay $500 a month for a car that’s on its last leg. His transmission went out 6 months after he purchased this lemon. The car costed $13,000 but I took a looked at his contract he has to pay 25,000 an interest meaning he has to pay $38,000 for a car that’s probably worth $10,000!!! What a ripoff

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