Phoenix, Arizona
2 comments
Not resolved

Update by user Mar 24, 2016

I though it may have just been me that had these harrowing experiences with this company. Hopes are that all these complaints ban together with me and file a class action on Gateway one

Original review posted by user Mar 23, 2016

I purhased a vehicle through a small scam artist dealer in Chandler alArizona, Millenium Auto Sales and the owner is Paul Jones.My total vested interest into this vehicle loan is 7,906.00.

The loan contract with Gateway 1 Lending has proven to be a fraudulent contract and admittedly so by Gateway 1 financial (see exhibit A attached copy of response to FTC from gateway one). The value of the vehicle is less than 6,000.00 and the Lender had knowledge of this value and continually withheld information to me as the consumer, that the odometer had been rolled back over 60,000 miles when they performed their autocheck and carfax report showing actual mileage. My purchase order showed the "actual mileage" as 104,000 as well as the odometer at purchase, however the carfax and autocheck in possession of the dealer of sale, and lender, gateway 1 financial, proved otherwise as it showed the vehicle had 167,000 plus miles on it at time of my purchase. I was "frauded" by the lender whom funded a loan of 17,000 plus for a vehicle worth less than 6,000.

Once I discovered the fraud, I took steps in reporting to regulatory authorities. I demanded my money back in full from the lender, and was denied, and made even more burdened by a hostile, violent repossession of the vehicle in front of my driveway in front of my wife, kids and in laws. I've been making repairs on the vehicle throughout my ownership and could no longer afford to continue to lose money making repairs so I could not make payments on the vehicle, and I explained to the lender that they've committed a criminal act against me with this entire loan process and fraudulent contract they had me to sign. I've incurred a loss of well over 8,000.00 with the devalued vehicle, mechanical repairs, and missing my work days seeking legal counsel and litigation services for the criminal and misleading behavior of this lender.

Ive also lost my $4,000 down payment and all the on-time payments I've made for one year. I had no cooperation and have been harassed for money i.e. car payments, even after the lender admitted fraud was prevalent and the odometer to their knowledge had been rolled back. I filed a law suit against Gateway One.

The dealer has been arrested and has a hearing on docket in June. I'm seeking from this lender the maximum in damages from court in recovering my monetary losses at this time and hopefully criminal charges can be pursued as well against this lender for predatory lending and victimization of consumers. We all need to file class action suits for FDCPA violations in addition to decpetive lending practices.

Rights under civil claims, as to recover my losses and initiate further action against this malefactor.

Review about: Gateway One Lending Car Loan.

Review #815398 is a subjective opinion of a user.

1.0
Diversity of Products or Services
Billing Practices
Reliability
Website
Customer service
Staff
PRODUCT OR SERVICE Not specified
Reason of Review / Monetary Loss Not as described / Not specified
Preferred solution Not specified

Had an Experience with Gateway One Lending?

Write a review

Comments

Comment as anonymous or
Terms of Service
Post Comment
Cancel
Anonymous
Roseville, California, United States #1249464

I am new with this entity but I hope that you get entirely what you deserve and I have a strange concern this could be something that has happened to me. The vehicle I have is only 4 yrs old and has had an engine replacement, new axle and says it has 60,000 miles which seems very high for a car 4 yrs old.

Anonymous
to Anonymous Kaysville, Utah, United States #1249728

Did u run the Carfax on it?

You May Also Like

World Financial Group - Buyer BEWARE! World Financial Group "Notice how almost all customer complaints against WFG agents get denied? In the review yesterday, How WFGers RIP YOU OFF!, the author talks about looking up WFG agents in Finra’s..." Read more World Financial Group - WFG is a Great Way to Go BROKE and LOSE FAMILY and FRIENDS World Financial Group "Mr/Ms WFG No-name from Nowhere. Please spare us your big fat lie about "many big earners" at WFG. It's total bull cr*p and you know it. Here I give you..." Read more AstroFX - Forex Scam by Shaun Powell and Aman Natt from AstroForex partners with Aleem Iqbal of Platinum Executive Travel Rental Cars Birmingham AstroFX "After Shawn Powell and Aman Natt sold me on their Forex training course for over £2000 , using displays of wealth such as Luxury Watches and Expensive sports cars as..." Read more World Financial Group - Hampton Bay Anon. You confirm how AWFUL the FFIUL is. World Financial Group "HB Anon, for all your righteous high-flown talk about "...Loss of cash value ...never has been deceptive..." isn't it funny how so few people--including most of the WFG agents..." Read more Morgan Properties - Was banded from property I once called my home for over 3 yrs. was told by property manager I was allowed to stay at my friends and boyfriends apt a FEW NIGHTS WEEKLY, then she cops on me! Morgan Properties "WARNING; What your going to read will OutRage you! I lived at Mariners Cove for over 3 yrs and once called it my home. Went on every site giving grand..." Read more Dennys Restaurant - Most racist and dissapoint​ing experience ever Dennys Restaurant "Waiter was racist. Refused to serve us because my fiance is African American. Once server ended up serving us he did not EVER give my fiance her food and then..." Read more Horrible fit from "custom" car cover from Cover Anything Cover Anything "I ordered a car cover from Cover Anything based on the make and model of my car. I travel often and it arrived during a lengthy absence and I did..." Read more Dominos Pizza - I ordered a large 3 topping pizza at the March Lane store and they messed up my order first of all Dominos Pizza "I asked for half garlic sauce , half red sauce . that didnt happen it was all garlic. I didnt get my reciept when I paid, nor did she ask..." Read more