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Find a Location

Capital Processing Systems, Inc. has 1 locations, listed below.

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    Business ProfileforCapital Processing Systems, Inc.

    Financial Services
    BBB accredited business

    At-a-glance

    Customer Reviews

    1/5stars

    Average of 2 Customer Reviews

    Customer Complaints

    11 complaints closed in last 3 years

    4 complaints closed in last 12 months

    BBB Rating & Accreditation

    Accredited Since: 11/25/2015

    Years in Business: 10

    Customer Reviews are not used in the calculation of BBB Rating

    Overview of BBB Rating

    Business Details

    Location of This Business
    PO Box 241274, Charlotte, NC 28224-1274
    BBB File Opened:
    11/12/2015
    Years in Business:
    10
    Business Started:
    4/3/2014
    Business Started Locally:
    4/3/2014
    Business Incorporated:
    4/3/2014
    Accredited Since:
    11/25/2015
    Type of Entity:
    Corporation
    Alternate Business Name
    • Capital Processing Systems
    Business Management
    • Mr. Thomas Rick Hughes, CEO
    • Mr. Robert Shepard, COO
    Contact Information

    Principal

    • Mr. Thomas Rick Hughes, CEO

    Customer Contact

    • Mr. Robert Shepard, COO
    Additional Contact Information

    Fax Numbers

    • (704) 716-3531
      Primary Fax

    Industry Tip

    BBB Tip: How to shop for financial services

    Customer Complaints

    11 Customer Complaints

    Need to file a complaint? BBB is here to help. We'll guide you through the process. How BBB Processes Complaints and Reviews

    File a Complaint

    Most Recent Customer Complaint

    03/28/2024

    Complaint Type:
    Service or Repair Issues
    Status:
    Answered
    I recently acquired a 2020 ***** Silverado on October 28, 2023, choosing the Coverage II extended warranty through your esteemed company, Capital Processing System. I am reaching out to address a matter regarding a warranty claim for our vehicle. On March 6, 2024, during a routine service visit for an AC system check at our local GM Garage, a technician identified a slight ticking noise and noted low oil pressure in our truck. Following protocol, I provided the technician with my warranty information, and we were advised to initiate the claim process.Subsequently, the service department conducted diagnostics, leading to the removal of the cylinder head for a thorough inspection. Upon examination, it was determined that the lifters required replacement, with no observable damage to the cam or push rods, indicating the issue solely pertained to the lifters. It's worth noting that the failure of lifters, being a mechanical component, often lacks overt visual cues, and detection typically occurs when they malfunction or inflict damage to the engine. Attached to this correspondence is a GM Service Bulletin dated 12/22/23, numbered #**-NA-218, explicitly addressing engine ticking noises. This document underscores the necessity of replacing lifters when encountering such symptoms, emphasizing proactive maintenance to mitigate potential damage.Regrettably, our claim has been denied by Capital Processing System on the grounds of insufficient evidence demonstrating a definitive failure of the part in question. However, in light of the aforementioned GM Service Bulletin and the professional assessment conducted by certified technicians, it is evident that the recommended course of action aligns with our circumstances. Capital Processing System denied the claim and is not willing to work with me on the situation. The vehicle diagnostics was completed by a certified GM tech and if reassemble it is evident that more damage will occur. I just want the vehicle fixed. Help!!!
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    Customer Reviews

    2 Customer Reviews

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    How BBB Processes Complaints and Reviews

    Start a Review

    Most Recent Customer Review

    Sandi G

    1 star

    02/26/2024

    This company is a joke! We purchased a 2015 Jeep Wrangler in 2021 and was encouraged to purchase their "warranty". We recently took it in for repair, lifter ticking, and the requested maintenance receipts which we provided. Meanwhile we paid out of pocket because CPS was dragging their feet paying and we needed our vehicle back. As soon as they found out it was paid for, we were finally notified (after calling everyday after being told they would call us), they were denying the claim because they "could not verify our receipts". They asked for receipts and we provided them so they found other reasons to get out of paying. This repair is part of a class action suit against the manufacturer so we feel CPS found any excuse possible not to pay. HORRIBLE CUSTOMER SERVICE!

    Capital Processing Systems, Inc. Response

    03/04/2024

    We regret that the customer had an unfavorable experience, however, in this case, the contract required - and we immediately requested - proof of maintenance since the customer had driven almost ****** miles since the purchase of the vehicle and the failure was directly related to a possible lubrication problem. Therefore, after we learned that the customer authorized and paid for the repair three days after filing the initial claim, we again requested maintenance records. Once received, we determined they did not sufficiently satisfy the reimbursement requirements as per the Jeep owners manual Under no circumstances should oil change intervals exceed ****** miles. consequently, this customer would have been responsible for at least four oil changes in the meantime. As we were provided with one unverifiable, handwritten document that showed a 27,570-mile gap from the date of purchase to the date of the oil change, we unfortunately had to decline the payment as the contract requires the contract holder to follow the manufacturers recommended maintenance schedule and based on the customer's own presentation of facts, this schedule has not been followed.

    Local BBB

    BBB of Southern Piedmont and Western N.C.

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