I must admit, I was only slightly miffed at this company until I read all of your posts. Now I am royally PO'd. It seems that the practices of these people are highly unethical and boarderline illegal and need to be brought to the attention of the authorities and numorous other resources like the Better Business Bureau and the Attorney General.

My Story - Last summer I was placed in a loan with Drive Financial by an auto dealership without my consent. I signed a set of loan papers with the dealership the day I purchased the car and drove off with my new vehicle. I get a call two weeks later from the dealership stating they forgot to have me sign "a" piece of paper. So I go to the dealership in good faith and find out they have completely reworked all of the loan documents with a new lender (Drive) and I now have a higher interest rate and higher car payment each month. (Can you say kick back to the dealer?) Anyhow, I had already surrendered my other vehicle to the dealership at trade in, so I had no other choice but to sign the new documents, or literally be forced to walk home. The dealership stated that the prior lender had backed out of the loan, two weeks AFTER the original signing when they realized I'd gone through Chapter 13. The dealership left this little tidbit of information out when they called me back in to the office. Everyone I have spoken with who works in the auto industry says this is a lie. Once financing is in place, ITS IN PLACE!! A lender can't and won't back out of the loan agreement two weeks after the paperwork has been signed.

I am now six months into the loan and the calls are non stop from Drive. The latest my payments have ever been is by a few days and yet the calls are a daily thing! They began immediately after we signed the loan with them and have been a dialy thing (multiple times a day) ever since. Of course I ignore them because I don't have two hours a day to talk to an automated system. So now they have begun calling my mom and all of my other relatives numbers. As soon as I found this out, I went into terminator mode. This is now WAR!!

I have been a paralegal for over 15 years and I can smell a scammer from miles away and this company wreaks. I have taken this matter to one of the highest powered trial attorneys in Dallas and he agrees that his looks like a scam between the dealership and Drive. He told me it is not uncommon for the lender to give the dealership kickbacks for placing people into subprime loans (people that may not necessarily have to be subprime).

I am going to meet with the attorney later next week to discuss strategy and determine if he wants to pursue this case. At the very least this is fraud on the part of the car dealership and harrassment on the part of Drive. After I meet with the attorney and see if there is a chance to pursue a class action case against Drive, I will post what I find out and a contact number for you all to call if you want to join in the suit. If there is anything at all I can do about it, I don't plan on EVER letting these people take advantage of me or anyone else out there who is struggling.

Keep in mind, if you DO genuinely owe these people money and you ARE months behind on your payments then they do have the right to contact you and in some cases, repossess your vehicle. I am speaking more about the predatory lending, verbal abuse by the CSR's and harrassing phone calls to the workplace and family and friends AFTER they have been told not to call. Late payments and repossesion are other issues entirely that you will have to take up with legal counsel on your own. My issue is with predatory lending and abuse of the client/banker relationship.

This kind of predatory lending needs to be stopped especially when it is being forced on you without your knowledge or consent! This is EXACTLY what got our country into the mess that it is in now. In the interim I would strongly encourage each and every one of you to keep a log of the calls that come in with date and time. If at all possible, record your conversations with these people and then file a complaint with the Better Business Bureau and the State Attorney Generals Office regarding the harrassing phone calls at work and to your family and friends. It is not legal for them to call these places once you have informed them not to. Write a letter to Drive, outlining the numbers they are NOT allowed to contact, and send it certified, return receipt mail so you have proof that you told them in writing to stop. You will HAVE to have this if you decide to file a lawsuit.

Lets pull together and be heard!!

This company has repeatedly harrassed and threatened me. They have been rude and not willing to work with me. They lie about payments being made and continuely over charge. Can anyone help stop these actions?

I have had the most horrendous experience with this company in the history of financing companies. Last year, I needed to utilize Drive Financial to purchase a vehicle because my credit was less than stellar. Needless to say, had I known then what I know now, I would not have done it. Since the purchase, we have made all of our payments on time until the economy faltered last fall.

My DH and I are self employed in construction no less and frankly were doing extremely well up until the economy took a dump. When that happened and money became tight, I informed Drive Financial that I wanted to voluntarily surrender the vehicle so that I could rid myself of the car payment. What an idiot! I wanted to do the right thing!
Drive Financial has ignored ALL requests to allow me to retunr the vehicle. They have told me that I will continue to rack up late charges and interest on the account until they choose to come and get it. Subsequently, I will have to pay all of those late charges and finance charges and whatever else they decide to throw on top of it when the car is auctioned off.
The DH and I are well aware of the fact that we signed a contract and well aware of the fact that we will have to pay the difference of the auctioned vehicle. We will, if we can, pay those funds. I have never disputed that with Drive. In fact, I gladly told them that when the bill came, if we had the money, I would gladly pay them.

Their response is continually, there is nothing we can do about it because they are a finance company not a storage house. I said, let me take it to your storage house. They said no.

It’s blackmail, it’s fraud, it’s not right to not allow somebody to do the right thing! We want to help them get their money back in some fashion. Now it just feels like we’re being sucked dry by another company that will benefit from a stimulus package.

In the future, I will not use Drive Financial and I will not recommend them to anyone! I will tell anybody thinking of using them to run far and fast and find somebody else to finance their vehicle.

I purchased a car through Road loans in August 2008. The loan was quickly sold to Drive Financial. I have made payments on time since then. Yesterday I got an email notification from my credit monitoring service that a change had been made to my credit report. I checked it out and Drive Financial has written off my loan! The credit report states "written off/ never late". I tried calling Drive several times, and I get hung up on, or now one knows what is going on and they send me to a recording that gives me the name and number of the credit reporting agencies. I don't know what has happened to my loan.

Has this happened to anyone else?

I was Was with another financial service and some how drive financial ends up being the new financial service. i'm pretty up set because the keep lying and saying the have not received any of my payments and i have my bank statement prove that they getting the monies i sent.

Now some how I'm 14 days late with my payment when i sent them a payment 11/03/08 and 11/24/08 and another on the 30th november. which put me behind in my rent what I'm i to do?

Each time i got statements from my bank with a conformation numbers. oh yea just sent them a payment on the 5th of December 2008. there is no grace period nothing, give the people something to work with

Please somebody help! they can see how everything is happening with the people around the world it's like they don't care and always talking about picking up somebody car. i don't care any more i had stress so much i'm getting sick.