READ SO YOU DO NOT WASTE YOUR TIME
COMPLAINT ON CAPITALIFE LENDING INC
BY Ewriter22 (9 Complaints Posted)
POSTED ON November 20, 2014
Subject of Complaint: BuyACar - Capitalife

As much as I would like to accommodate all who try to contact me for information, I cannot. I can only accommodate members of our complaint group for so many sound reasons that I cannot enumerate here.

These are the usual questions that I get from people and I have posted these answers back in June 22nd. I am re-posting this because people do not take the time to read through ALL the posts and only look at the recent ones or just the one that comes up first.

Please read and understand so you do not waste time sending me sms or emails that I will have to ignore.


***CAPITALIFE and BUYACAR FAQs***

Q: Is it true Capitalife Lending Inc and/or BuyACar.Ph is now closed?
A: Capitalife Lending AND http://BuyACar.ph is now closed.

Note: We do not know for certain how or when but we know this is a fact because:
(1) their place of business is now all chained up and locked and there is no one who can give you a new address because none of the contacts we had before can still be reached
(2) former employees from Capitalife have posted here and said so
(3) it is what the company who supposedly acquired Capitalife says so when they try to collect from you

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Q: What will happen to my loan with these companies?
A: Cirrus Holdings Inc is the one collecting on Capitalife/BuyACar loans now. They give different reasons when you ask what legal basis they have for doing so but none of those reasons is backed up with legal documentation.

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Q: Why do we need to take action?
A: We feel that we should first know FOR CERTAIN if we aren't just giving away money for nothing if we keep paying this new company. So far, they have not established their legal right to collect in behalf of Capitalife/BuyACar so we need to protect our money.

ALSO, it has been proven time and again that paying Cirrus or continuing your payment like there is no issue ongoing is NOT A GUARANTEE that you will be considered paid by Cirrus. Several people are coming up to us saying they have paid every centavo they owe Capitalife or BuyACar yet Cirrus is still running after them, threatening them and basically telling them that the money they paid did not go to Cirrus' pockets so as far as they are concerned they did not happen.

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Q: Should I keep paying them?
A: Our new lawyer advised that we SHOULD NOT keep paying them. We need to protect our money. BUT we need to take action to protect ourselves from possible bounced check cases so join our group (check my June 22nd post to see how)

Note: You need to be aware that THIS WILL TAKE TIME. If there are circumstances in your life that will not allow you to have this issue hanging over your head right now, continue to pay them.

Once again, it has been proven time and again that paying Cirrus or continuing your payment like there is no issue ongoing is NOT A GUARANTEE that you will be considered paid by Cirrus. Several people are coming up to us saying they have paid every centavo they owe Capitalife or BuyACar yet Cirrus is still running after them, threatening them and basically telling them that the money they paid did not go to Cirrus' pockets so as far as they are concerned they did not happen.

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Q: I have stopped paying Cirrus but they keep calling and harassing me. What shoud I do?
A: Join our group (check my June 22nd post to see how)

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Q: I already received a demand letter from Cirrus Financial Institution Inc. What should I do?
A: Join our group (check my June 22nd post to see how)

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Q: I have a car loan and I am having so many issues with this right now. What should I do?
A: Join our group (check my June 22nd post to see how)

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Q: What is the most recent progress of the actions taken by your group agains these companies?
A: We choose not to provide information to non-members because there are those from these companies who are trying to get information to save their assess by taking counter actions. We do not want to give them ammunition to use against us.

So if you want to know, you have to join our group and be ready to take actions.

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"Join our group" because you need to take action against them and it is easier done as a group than on your own. But once again, be aware that this will take time and effort.

If you are scared and/or just want the easiest way out of all these, then contact Cirrus, visit them at their current address, and do whatever they tell you to do.
Banking & Finance
LOCATION: Metro Manila


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There are currently 46 complaints against this company.