ED Magedson – Founder
Citi Financial AutoP.O box 9575 Coppell, Texas United States of America
On 06/30 2006- I purchaced a Used Huyndia for 10,000.00- after putting 1,000.00 down I am noticing that the actual loan was for 12,303,40+ my 1,000.00 down makes it 14,303.40- I have no idea how this happened? - but thats alot odf taxes.I first requested a copy of my payment history from City Financial because it seemed I was making my payments but my balance was not going down at all.The first copy yhry sent my was not readible without a magnifying glass- However the second copy states that my origonal loan was for $12,303.40 in 06/2006. My payments for the past 3 3/4th years have been 295.20 per mnth. I was under the impression this loan was at 18% but apperntly jumped to 23% ??? no idea how? So as of today I have paid Citi financial $13,570 over almost 4 years at 295.10 per mnth and my pay off today would be (without interest) $8,463. Keeping in mind the used huyndia was only $10,000 to begin with- and I have given them $13. [continued below]....
This report was posted on Ripoff Report on 02/24/2010 05:23 PM and is a permanent record located here: http://www.ripoffreport.com/r/Citi-Financial-Auto/Coppell-Texas-75019-3036/Citi-Financial-Auto-Desiptive-interest-payments-without-any-cosistancy-or-explanaintion-a-574498. The posting time indicated is Arizona local time. Arizona does not observe daylight savings so the post time may be Mountain or Pacific depending on the time of year.
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