Drive Financial will have you paying double your loan amount with there interest rates Dallas Texas

For those of you who respond to the original posters' comment suggesting that because their loan principal is not going down because they are not paying on time, I can assure you that is not the case.

Reserach the antiquated, illegal practice of loaning using the Law of 78 calculator. As Drive is a subprime lender, they prey on people with poor credit and squeeze every dime out of them. Interest is calculated on the ENTIRE life of the loan and is added on the front end of the loan, therefore, these people pay all interest upfront and don't touch principal for a year or more.

And to further quell your comments, they do not have to disclose this when you fill out a dealer credit report.

For those of you who respond to the original posters' comment suggesting that because their loan principal is not going down because they are not paying on time, I can assure you that is not the case.

Reserach the antiquated, illegal practice of loaning using the Law of 78 calculator. As Drive is a subprime lender, they prey on people with poor credit and squeeze every dime out of them. Interest is calculated on the ENTIRE life of the loan and is added on the front end of the loan, therefore, these people pay all interest upfront and don't touch principal for a year or more.

And to further quell your comments, they do not have to disclose this when you fill out a dealer credit report.

For those of you who respond to the original posters' comment suggesting that because their loan principal is not going down because they are not paying on time, I can assure you that is not the case.

Reserach the antiquated, illegal practice of loaning using the Law of 78 calculator. As Drive is a subprime lender, they prey on people with poor credit and squeeze every dime out of them. Interest is calculated on the ENTIRE life of the loan and is added on the front end of the loan, therefore, these people pay all interest upfront and don't touch principal for a year or more.

And to further quell your comments, they do not have to disclose this when you fill out a dealer credit report.

For those of you who respond to the original posters' comment suggesting that because their loan principal is not going down because they are not paying on time, I can assure you that is not the case.

Reserach the antiquated, illegal practice of loaning using the Law of 78 calculator. As Drive is a subprime lender, they prey on people with poor credit and squeeze every dime out of them. Interest is calculated on the ENTIRE life of the loan and is added on the front end of the loan, therefore, these people pay all interest upfront and don't touch principal for a year or more.

And to further quell your comments, they do not have to disclose this when you fill out a dealer credit report.

Get all your ducks in a row because if you are going to accuse anyone of anything proof/substance wins out over B.S. I will give you the name and phone number to call in the hope that it helps but first open up an online account at drivefinancial.com, because it should show how your payments were posted, if it doesn't then they are in trouble. Get all the copies of your checks, front and back, since the back will give you the day it was presented for payment and see if it jives with the posted payments and figure out why they added interest to your account, since the account was opened and mark the checks that are not showing. Then make a list of all phone calls, dates, times, and the person with whom you spoke and what number you called. If it was toll free they have a record of incoming calls or if not you should have a record of long distance calls made. From my perspective a list of calls made long distance are better versus relying on someone else's data because they can plead ignorance. Remember no one put a gun to your head to buy the vehicle they are financing so the problem is one you created and automatic debit is the only way to go. I use Microsoft Money for checking accounts and always post the ACH's months ahead so I know I have to fund that account because when I open MM it always shows red. Remembering when to mail payments sucks, without assistance, when you get to be my age, especially when USPS doesn't deliver statements, it happens even locally. I have ACH with my lender and always get monthly statements, it's the law.

Once you have all you ducks in a row and can carry on a politically correct conversation dial 1-214-237-3615. That's the number for Eldridge A. Burns Jr., legal counsel at Drive Financial. DO NOT leave a message and if someone else answers, say I'll call back at a more convenient time." Block your number if you can. The address is 8585 N. Stemmons Freeway, Suite 1100N, Dallas, TX 75247. Always use either FedEx, 2nd Day, to a physical address or USPS Priority Mail, plus delivery confirmation, to a P.O. Box. No green card. Visit the TX A.G. http://www.oag.state.tx.us/consumer/complain.shtml and download the complaint form, here in NC the A.G. office seems brain dead so cross your fingers, then click on the link to the Texas Department of Licensing & Regulation, on the right towards the bottom, to file a complaint. The FTC is useless. If you can upload copies of your checks, if Drive failed to post but cashed checks and please use spell checker or write your complaint ahead of time before filing online. Remember type all labels. Creditors post the principle before the interest, unless you are late and no one should be if they use ACH. FYI, Drive sells off their deficiency balances because their collection department is incompetent, just remember that when they call and harass. Doing things the cheapest way doesn't always protect you. Then learn how to clean up and increase your credit score, at creditboards.com, they are knowledgeable, or you will always be dealing with predators because life is too short for their B.S., so you are not at the mercy of dealerships nor others to give you a good deal."

P.S. Filing a class action" lawsuit takes years and the only one who benefits is the lawyer, so become responsible and clean up your credit scores because you are the only one that will help you, it's hardly ever anyone else, because it will save you tens of thousands of dollars in your lifetime. It's work but worth it, and put upwards of 10% of the interest you saved into a Roth IRA. That's how you get even and it's not playing mind games with useless people, because they can screw your credit and no one will give a flying.

I am not very happy with drive but I can say this. Drive says I will be charged 3% of the balance per every day I am late. Which I was no aware of when signing the dotted line. I never planned to pay my premium late. Times have become so tough for me as of lately. Recession has effected me totally.

If you signed a contract that revealed the interest rate to you, you won't be able to sue. It's very important to read any contract thoroughly before you sign it.

You got a loan and agreed to their terms.

You didn't give any details but if your loan has only gone down $3000 in paying $10,000, most likely you are paying past the due date and having additional interest added on. As your payments are calculated figuring that you pay ON or before the due date each and every month. If you pay after the due date you have additional interest added in.