Review and analysis of 10 consumer complaints against Preferred Credit, Inc.
Out of the 10 consumer complaints against Preferred Credit, Inc. Consumer Loan, 0% were disputed by the consumer (i.e. the consumer was not happy with how Preferred Credit, Inc. responded to their complaint) and 100% were processed in a timely manner. 0% of consumer complaints against Preferred Credit, Inc. resulted in the consumer receiving monetary compensation (e.g. money, cash reimbursement, etc.) and 0% resulted in non-monetary compensation.
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| Issue | Complaints |
|---|---|
| Managing the loan or lease | 8 |
| Problems when you are unable to pay | 2 |
Preferred Credit, Inc. managing the loan or lease March 17, 2016 - I purchased a set of Saladmaster cookware and used Preferred Credit, Inc. ( PCI ) for the financing. The promotional financing was 12 months same-as-cash. The contract says that I will not be charged interest on the balance until the 12 month period expires and the interest will only be applied to the unpaid balance. I received - statements, - in - and - in -. My - statements shows an interest charge of $55.00, which increased my overall balance. I contacted PCI and spoke to a supervisor named -. I explained that I was not supposed to be charged interest and that I wan... |
Preferred Credit, Inc. managing the loan or lease February 2, 2016 - Back in - -, - I got approved for a loan from Preferred Credit , Inc., for $3000.00. After - phone calls from them during the last 6 weeks, to verify my address again, to make sure I am me, finally I have received in the mail the first statement, today, - -, -. To my astonishment I was already charged with $43.00 interest. I called the loan company, and was told that the interest starts accruing from the day I signed the contract. To my question of why they dragged their feet and took their time to issue this first statement so late ( again, 6 weeks later ), they had n... |
Preferred Credit, Inc. communication tactics frequent or repeated calls November 20, 2015 - Lost job and are not able to make a payment. Payment is only 3 weeks late and have received up to - phone calls per day asking to make a payment and telling me they are turning me over to collections. ... |
Preferred Credit, Inc. cont'd attempts collect debt not owed debt was paid July 14, 2015 - THIS ACCOUNT IS SO OLD, ITS PREFERED CREDIT, - -. THIS COMPANY IS HONORABLE AT TRYING TO COLLECT, THEY HAVE SENT THIS ACCOUNT OUT TO SO MANY COMPANY 'S AND ITS BEEN PAID IN FULL SINCE -/-/2013 TO - AND ASSOCIATES. ... |