PERSIAN ACCEPTANCE CORP

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Category: Business & Finances

Contact Information
Peabody, Massachusetts, United States

PERSIAN ACCEPTANCE CORP Reviews

Andrea Osganian October 14, 2010

The Worst Finance Company

Loan Shark finance company with extremely high interest rates..they don't send a monthly statement..EVER! So you never know how much is going towards principal or their grossly high interest rate...they take advantage of the anyone who's trying to rebuild credit after a divorce or job loss. Charge late fees every weekly not monthly as stated in the contract I signed. Which then incurs a large past due balance and they try to repo the vehicle.
THE WORST Customer Service I've ever had the displeasure of dealing with, since I began financing and leasing vehicles over 30 yrs ago. I would never recommend this loan shark company to my enemy that's how bad they are.

Scott December 29, 2008

Outrageous percentage rate

I helped my cosigned a loan for my step daughter to get a car from Bangor Car Care, in which Persian Acceptance is the lein holder. The price of the car was about $5500. I have been making my regular weekly payments without interuptions since the beginning of October of 2007. According to my figures I have paid in about $3800, which by my figures leaves a balance of about $1700. But I had contacted the company and asked what my remaining balance was, they had informed me that I owed about $4400. What I can't understand is how a $5500 car turns into a $9300 car. I don't know how they can get away with this.