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  • Report: #1068848

Complaint Review: Santander Consumer

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  • Submitted: Sun, July 21, 2013
  • Updated: Sun, July 21, 2013

  • Reported By: Lindag3333 — binghamton New York
Santander Consumer
North Richland Hills, Texas North Richland Hills, Texas USA
  • Phone: 888 222 4227
  • Web:
  • Category: Loans

Santander Consumer Applying fraudulent interest charges so that loan can't be paid off on maturity date. Added thousands of dollars. North Richland Hills Texas

*Consumer Comment: Nope, Not At All.

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 Santander purchased a loan I had financed with another company. I had no choice in this matter and was only contacted after it was done. They changed my due date a number of times, offered deferrments like it was a gift then added thousands of dollars in interest on those deferrments. They are doing this to people who are coming close to maturity date so that you can never pay off the loan. Am looking to join class action. Have contacted New York State Attorney General, FTC and CFPB. Still don't know if anything is being done about this company. Guess will have to hire a private attorney or one who is already familiar with Santander abuses. Anyone know who is handling these cases?


This report was posted on Ripoff Report on 07/21/2013 10:06 AM and is a permanent record located here: http://www.ripoffreport.com/r/Santander-Consumer/North-Richland-Hills-Texas-76180/Santander-Consumer-Applying-fraudulent-interest-charges-so-that-loan-cant-be-paid-off-on-1068848. 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

Nope, Not At All.

AUTHOR: Jim - ()

The selling of a loan is common place.  The loan is owned by the lender and not you.  They don't need to inform you in advance nor ask for your "permission" as its NOT your loan, its owned by them.  Anytime YOU change a payment date or get a payment deferred or pay late, YOU generate more interest on the money you didn't pay when scheduled.  There's no fraud here...just someone who had numerous late payments and ended up generating more interest as per the contract.

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