citifinancial Auto Arcadia Financial Over charged for finance cherges and interest fort Worth, Texas

I think that Jim is totally misinterpreting Thomas's real question.  What he is asking is how he can still owe $6,200.  If you run an amortization schedule, the loan should be paid off now.  Of course, we don't know the whole story, but even if Thomas were consistently late and racked up numerous fees, it's hard to imagine still owing that much.

Typical subprime thinking response.  How sad.

Go to a bank and have them explain financing to you.  There's nothing wrong with not knowing something.  There's everything wrong with shooting off your mouth alleging fraud when you don't know.  Go see your mayor, and the dog catcher too.

This is for Jim's rebutal. 1st off you must work for Citifinancial Auto. This company is a rip-off just look at all the complaints. I will be turning my complaint of to my local goverment officals for review. PLEASE IF ANYONE IS READING THIS  PLEASE DO NOT FINANCE A CAR WITH CITIFINANCIAL AUTO YOU WILL BE CHEATED OUT YOUR HARD EARN CASH.

Thomas, the way I do my math, your payment was $471.85 per month, and a 72 month loan being 6 years from 2/2/05 would be 2/2/2011, meaning the first payment was probably in March 2005, which means your last payment would be in March 2011. That would be 2 more payments.

Do you have records of your payments? Bank statements, cancelled checks, money order reciepts, etc? You will certainly need them with Santander.

Did you ever run into financial problems and "skip" payments?

Were all payments made on time?

If so, file complaints in writing to the lender and to all appropriate government agencies and consumer protection organizations.

For Jim, He may not understand financing, but his math is correct on this one.

You obviously have bad credit which means a higher APR which in this case is more than !8%. You financed this thing for 72 long months which increases the total interest you pay. In the begining of a loan like this, interest is paid down first. Nothing illegal about any of this. Want to avoid this in the future? Simple. Just develope good credit by paying your bills on time. Never finance a car for 72 months. If you can't afford the payments in a shorter term, then you can't afford the car.