A-L Financial Corp.

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Category: Automotive

Contact Information
1551 N. Tustin Ave. #400, Santa Ana, California, United States

Phone number: (714) 479-1300

A-L Financial Corp. Reviews

Sakarri June 18, 2010

Unethical Billing Practices

Firstly, this company has thousands of complaints online. They are a finance company that caters to those with bad credit. Sort of a last change finance company that only deals with small dealerships. I fell one month behind on a payment when I only owed a little under $1000.00 left on a car that I had already paid them over $6000.00 included finance charges on. They repossessed my car. (first money gaining tactic) I have been tardy with my payment before and they had not taken this action. Why wait until the car is nearly paid off? Because they would be in a position to keep that all the monies that I paid and have the car also. If that is not enough to gauge the intentions of this company, when my car was repossessed, I went in the next morning and paid them every cent of the payments that I owed, all the late fee's, and a repossession fee of $345.00. I then received a bill that quoted me a new balance of $639.73 and that my next payment was due on 06/08/10. This means, after that payment my balance should be somewhere around $352.79. I then received a statement thereafter which said my balance was $988.00. I contacted the company and had to speak to a series of representatives to include the Regional Vice President Joseph Saavedra. All of which maintain that my balance was higher because I paid the repossession fee to them BEFORE they paid the repossession company. So what they are saying is this: THEY ADDED THE AMOUNT BACK ONTO MY ACCOUNT AFTER IT WAS PAID, BECAUSE THEY PAID THE REPOSESSION COMPANY!!! Um, If I paid the fee, it should then be credited to my balance. Why does it matter when they paid it to the repossession company????? It doesn’t, and they the Vice President justified what they are doing by saying it was legal. Legal to have me pay for something twice?!?! I think not. If anyone else has had issues with this company, I encourage you to contact the BBB and the Attorney General and file complaints. I will even provide details steps on how to do this. This company preys on those with bad credit and takes advantage of sensitive financial situations. If everyone who complains on these boards, files a report with the BBB and Attorney General, they would have the BBB rating that they really deserve!!!

July 25, 2008

Breach of contract

This company is THE ULTIMATE FRAUD AND SCAM, so called auto finance corporation. It is really amazing to me that companies like A-L Financial are allowed to stay in business. I purchased a vehicle from a little mom and pop type dealership in Cypress, California, (or at least I thought I purchased it!) I gave the dealership my money down and all of the information that was requested on the faxed approval sheet that A-L sent to the dealer. About a week later I received an angry telephone call from the dealership stating that A-L Financial had not funded the loan (not paid them) and I had to return the vehicle. That same day I received a contract in the mail from A-L Financial stating that they had purchase the loan and what the loan terms were, alone with a payment coupon with a payment amount and due date on it. I contacted A-L Financial's Santa Ana, California office to inquire about this situation and I was told multiple things by at least five different people, mainly dealing with additional information they would need before they could fund the loan. Another week has gone by and A-L still has not funded the loan and I continue to receive request for information and documentation that I have already provided to this INCOMPETENT company. These are the kind of business practices that should be investigated be federal authorities, but its like everything else these days, NOBODY GIVES A DAMN. STAY AWAY FROM A-L FINANCIAL CORP., THEY ARE THE WORST OF THE WORST.