Nuvell Credit corp Nuvell Financial; Ally ummm.....deffer 2 pymts & tack on a whole yr to your note!!!!! little rock, Arkansas

If your payments were $450 a month  for 6 years you either overpaid for the truck or you had an extremely high interest rate.  You conveniently left out other specifics such as exact times when you got the loan and how long into the loan you had to defer the payments(there is a big difference between 4 and 5 years).  You also failed to list what your original loan balance is.  All of that information could explain the extra amount.

Now, generally people don't all of the sudden go from making every payment on time one month to needing a two month deferment the next.  So again I am thinking you probably were already delinquent and already having additional fees and interest being charged.  Which could add to your balance.

You had two months deferred so that means you are really only questioning what is really 10 extra months, if it is truly exactly a year.  Generally with deferments they may continue to charge you interest and again depending on the specifics of your loan it could add a significant amount to the balance.

How does a deferring 2 payments add an entire year to your loan? and add another $5400.00 to your loan.

By deferring 2 payments should only have a balance of those 2 deferred payments plus any interest due at the end of the loan (plus any late fees that may be due)

It sounds more like you did a refinance of the loan instead of deferring 2 payments.

because if you 'Google' this- WHO OWNS THE FED?, you can go to the site with the 5 charts to see that General Motors is listed in 'Chart 3', right?

If you 'Google' this- ALLY FINANCIAL- WIKIPEDIA, you can see that it was previously known as GMAC. (General Motors Acceptance Corporation)

"Only a pawn in their game." - Bob Dylan

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Total SCUMBAGS!

"...financed a 2004 Chevy Suburban through Nuvell for "6" years..."

YOU chose to finance an 8 year old car for 72 long months!  You couldn't afford the payments of a more reasonable term like 36 months so YOU decided to go 72!  Clearly you could not afford the car in the first place but I guess that's Nuvell's fault.

"...it was too small to read and we are so..."

Yep, you should be upset.  If this was in the contract then you should have READ and UNDERSTOOD every word in that contract BEFORE you even put your fingers around the pen.  If your eyesight is so bad, then perhaps you need to not even be driving, but I guess that's Nuvell's fault too.

Here's the bottom line...

You bought a car you couldn't afford.  Financing an old car for an incredible 72 months is ridiculous.  You then missed two payments and incurred the additional interest and late fees which were described in the contract which you did not totally read to begin with.  Because you went forward to buy a car based on a monthly payment which you could not afford, you will face the consequences which went into effect because of YOUR DECISIONS.  Not only will you be paying a long time, you'll also be paying for full coverage insurance a long time as well.

Enjoy your car.

No, I don't work for them!!!