I’m a bankruptcy attorney so I am often in contact with collection agencies and whatnot. I have been doing it long enough that I have also seen a bunch of financial institutions come and go. It is amazing how many bottom-feeder, rotten-ass lenders turn around and change their name because they are such scum, even people with the worst credit ratings won’t touch them.
One of these is GMAC. They are now Ally! They announce it with an exclamation point on their envelopes and return addresses. Guess what? We changed our name so now you can pretend we aren’t the same law-breaking, loan sharks we have always been! Sorry GMAC, or Ally, or whatever. You still suck.
Another is American General Finance. Total loan sharks. Total bottom-feeder scumbags. Now they are Springleaf! Ah, how fresh! How springlike! How green and new! No. The only thing green about them is their diarrhea color. When I saw that they had become Springleaf, I actually exclaimed, “Oh, for cryin’ out loud!” Hence the name of this post.
People out there in America, if you happen to read this, don’t borrow money. If you do borrow money, only do it for a home loan. If you do that, don’t borrow it from a bottom-feeder loan shark. If you are borrowing from a bottom-feeder loan shark, you can’t afford what you are getting the loan for. Leave them all alone. They’re horrible and they don’t deserve your business.