could be better, but when you consider the clientelle....
Yep, they finance almost anyone. No credit? Bad credit? No Problem!! All you need is a job and a few dollars down! And it's the truth! You put your money down, they verify your job and pay, and you have your very own hooptie in your driveway. The interest is horrible, and the payment is high, but you have a ride to work, and no more public transport, my man! Aint it grand?
But, here's the rub, DO NOT, I repeat, DO NOT be one day late on your payment, EVER, or you will be on some collector's list from now on. You will receive a daily call at your work, you home, your wife's work, and possibly your child's school, to remind you that your payment is due in two days, in one day, today, and was due yesterday, etc. Within a couple of days of your due date, you may expect to see the tow truck in your drive at two A.M., repo-ing that sweet hooptie right out from under your nose!
So, here's what you need to know. SCF serves a valuable service. They make automotive loans to people who have credit that does not RATE a loan. They loan to people who do not deserve loans. Get it? People who should ride the bus, get cars due to SCF.
For this service, they charge way more interest than they should charge anyone in their right minds. The payments are way too high, and the cars they finance are usually crap. But, you know what? The people who get their financing through them don't even bother to read their contract. Either because they're not interested, they can't read, or they're too stupid to bother.
SCF employs some of the meanest collectors that the world has ever know. These people eat fire, and will eat you up and spit you out. They have no mercy and no compassion. They DO NOT CARE if you loose your job due to their calls, or give your wife an ulcer, or scare your child to death. All they want is the the payment, and they want it yesterday. Want to know why? They answer to a boss who is even meaner than they are, and he will fire them in a New York minute if they let ONE deadbeat get by without getting that payment made. He will yell and scream until the veins pop out on his forehead and the collectors want to run and hide. THAT's the reason they are so mean to you.
So. If you are stupid enough to deal with SCF, here is how it works. You agree to the interest rate. You agree to the payment amount, and you agree to make the payment. On time. Every time. Every single time. If you do this, you will not have problems with this company that shouldn't even exist. If you are ignorant enough to deal with this business in the first place.