- Report: #1120238
Report - Rebuttal - Arbitrate
Complaint Review: First Investors Financial Services, Inc
First Investors Financial Services, Inc675 Bering Houston, Texas USA
First Investors Financial Services, IncThey take your money, but don't apply towards your accouct. Christina Vasquez Houston Texas
*Consumer Comment: Yes, the interest is paid first when you borrow money
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Frist Investors Financial Services took they payment out of my checking account every month since Nov, 2012. At $418.00 eachmonth. They took out $5852.00. Yet when we called for a payoff,I was told it was it was only $2000.00 from my original loan. Thinking it was just an error. I called these folks, I was told itwasn't an error. They just pull their interest payment frist. Very, very little goes to principle. They do this to keep us from trading in our cars. What is worse is that because of their bussiness practices I am forced to go out and buy another car and it get it financed by a reputable financial institute. I am afraid that after paying off the loan with 1st Investors, that they will do us like they did so many other customers that they have had.
This report was posted on Ripoff Report on 02/02/2014 07:37 AM and is a permanent record located here: http://www.ripoffreport.com/r/First-Investors-Financial-Services-Inc/Houston-Texas-77057/First-Investors-Financial-Services-IncThey-take-your-money-but-dont-apply-towards-your-1120238. 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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