Cactus Jacks CHANGED MY AUTO PAYMENTS FROM $200/MO TO $400-$600/MO BY CHANGING MY CONTRACT TO PAYMENTS EVERY 2 WEEKS!
These people are total *** bag losers! DO NOT BUY A CAR HERE!
I am looking for anyone else that has had their contract changed or were tricked into thinking they were agreeing to monthly payments when it was actually bi-monthly payments / every 2 weeks which is 2 times per month for 8 months of the year and then 3 times per month for the remaining 4 months! So I thought I was paying $200/mo for 12 mos = $2400/yr, when I actually was somehow swindled into $200/2-weeks equaling $400/mo for 8 mos of the year plus $600/mo for 4 mos of the year (since every quarter - Mar|Jun|Sep|Dec - THREE payments fall into that month if paying every 2-weeks!) = $5600/yr! Please tell me how a 233% increased/accelerated payment schedule is not illegal? Supposedly Cactus Jacks transferred my auto loan from being financed by themselves to a company called United Acceptance within one month of my purchase.
So my payments started with Cactus Jacks at $200/mo for 60/mos and then were transferred to United Acceptance without my knowledge or agreement at $200/2-weeks for 60/payments! Now tell me that's not scandalous?!? It's basically the same $12,000 due, but instead of it being due over 5 years like I agreed, it's now due over 2.14 years! Can anyone smell a set up for repossession?
I am furious and would like to get together a class action lawsuit against Cactus Jacks.
I have a lawyer and I only need 5 others that this has happened to to make this happen. PLEASE CONTACT ME IF THIS HAS HAPPENED TO YOU!
Monetary Loss: $12000.