• Report: #460957

Complaint Review: Drive Financial - Santander Consumer USA

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  • Submitted: Thu, June 11, 2009
  • Updated: Fri, June 12, 2009

  • Reported By:chandler Texas
Drive Financial - Santander Consumer USA
P.O. Box 660633 Dallas, Texas U.S.A.

Drive Financial - Santander Consumer USA SCAM! TAKES MONEY OUT OF MY ACCOUNT! Dallas Texas

*Consumer Comment: Loan balance

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Surprise surprise! After I googled the drive financial address I come across this site. I have been very displeased ever since I financed a car from this company. If I call to make a payment then they take the payment and then authorize the account for another $1.01. What is the point of that? They are taking more money from me for no reason. When I called to ask why they couldn't explain. I would not give them access to your account if I were u! PAY BY CHECK OR MONEY ORDER ONLY! And forget about talking to someone who can help you when you call because the only thing you will get is people who all tell you different things about your account. I have made several payments (13)and haven't noticed my balance drop much at all but they don't explain that on their bill either!

Walwalmimi
chandler, Texas
U.S.A.

This report was posted on Ripoff Report on 06/11/2009 10:45 PM and is a permanent record located here: http://www.ripoffreport.com/r/Drive-Financial-Santander-Consumer-USA/Dallas-Texas-75266/Drive-Financial-Santander-Consumer-USA-SCAM-TAKES-MONEY-OUT-OF-MY-ACCOUNT-Dallas-Texas-460957. 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 Comment

Loan balance

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

You can find out for yourself how much the loan balance should go down. The payments on loans (particularly high interest loans from places like Drive Time) tend to go mostly to interest in the early part of the loan. Google a loan calculator and enter your loan amount, interest rate and term. Most loan calculators will show you an amortization table that tells you how much of each month's payment goes to prinicple and interest.
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