• Report: #310148

Complaint Review: Citifinancial Auto

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  • Submitted: Tue, February 19, 2008
  • Updated: Tue, February 19, 2008

  • Reported By:Prince George Virginia
Citifinancial Auto
www.citifinancialauto.com Columbus, Ohio U.S.A.

Citifinancial Auto Watch Out Citi is bordering Predatory Practices Columbus Ohio

*Consumer Suggestion: Um

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I purchased a vehicle with a Citifinancial Auto loan. After owning the used vehicle for over five years only $11,000.00 has been applied to the principle. Purchase price $30,000....In 2008, I owe $21,000.00. Never mind the fact that I was affected by Hurricane Katrina.

Rippedofftn
Prince George, Virginia
U.S.A.

This report was posted on Ripoff Report on 02/19/2008 01:35 PM and is a permanent record located here: http://www.ripoffreport.com/r/Citifinancial-Auto/Columbus-Ohio-43218/Citifinancial-Auto-Watch-Out-Citi-is-bordering-Predatory-Practices-Columbus-Ohio-310148. 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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#1 Consumer Suggestion

Um

AUTHOR: Julie - (U.S.A.)

I'm seriously unsure how the fact that Citi does what EVERY other lender does (gets their interest first) is predatory. Or a rip off. Sure, it sucks. But this is a very standard practice. They loaned you money, so I'm not sure how a natural disaster plays into this unless you want sympathy. Do you have reason to believe that Citi CAUSED the natural disaster.

Also, did Citi force you into the purchase of a $30K car? I think not. That was your choice. The fact that your credit was only good enough to get you Citi financing, again, is on you.
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