Tricolor Auto bankruptcy sparks confusion for Texas car owners; BBB offers advice on next steps

HOUSTON — A day after KHOU 11 first reported on Tricolor Auto’s bankruptcy, more customers are coming forward with concerns about the Texas-based auto lender’s sudden collapse.

Just last year, George Goodluck financed a 2022 Nissan Altima through Tricolor. He said the dealership charged well above market value, and the car started having minor issues soon after he bought it.

However, the biggest shock came when he learned of the company’s Chapter 7 bankruptcy and fraud investigation…

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