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asked by on 2/18/19
Bridgecrest is a legitimate financing company. They deal mainly in the subprime market which means outrageous interest rates for less-than-perfect credit. People sign ridiculous negative-amortization loans because they want the car so bad, and don't understand why after 4 years of payments, they still owe the original amount or more. People consent to usury when signing the loan documents and then turn around and claim Bridgecrest is a "scam" because they didn't understand (or didn't care about) the loan terms when they signed the paperwork. If someone presented me with a 29.99% APR on a car, I'd laugh in their face and walk. Anyone can be taken advantage of if you let it happen.
Yes this company is real, they are legitimate, and though you see bad reviews all the time, I would like to remind you that most who make complaints don't pay on their car note and expect Bridgecrest to allow them to keep their car. I have been 30-60 days past due for the last few months due to a broken finger, have made payments and show an effort. Havent been repoed, yes I get the phone calls but what do you expect when a company loans you 15K for a car?
Bridgecrest is considered a second chance loan company. That being said, interest rates will be higher for low credit scores.
