Complaint Review: Citifinancial - Whiteville North Carolina
- Citifinancial Whiteville Nc Whiteville, North Carolina U.S.A.
- Phone:
- Web:
- Category: Miscellaneous Companies
Citifinancial will rip you off total balance does not go down much if any 90% goes to intrest my last payment all of it went to intrest Whiteville North Carolina
*Consumer Comment: Principle of the matter
*UPDATE Employee: The worse thing you could do is stop paying.
*Consumer Comment: Didja....
*Consumer Suggestion: Pure nonsense
*Consumer Comment: 1 2 3
i borrowed 7500 which was the max i could borrow and i have paid on it for two years now at 200.00 a month that is like 4500 and i have not paid even 1000 by there rules in other words i still owe like 6600 dollars i need some sort of help my credit is already bad i am about to just quit paying it what else could i do?
danny
evergreen, North Carolina
U.S.A.
This report was posted on Ripoff Report on 11/03/2008 09:50 AM and is a permanent record located here: https://www.ripoffreport.com/reports/citifinancial/whiteville-north-carolina/citifinancial-will-rip-you-off-total-balance-does-not-go-down-much-if-any-90-goes-to-intr-387420. 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. Ripoff Report has an exclusive license to this report. It may not be copied without the written permission of Ripoff Report. READ: Foreign websites steal our content
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#5 Consumer Comment
Principle of the matter
AUTHOR: citifried - (United States of America)
SUBMITTED: Wednesday, June 23, 2010
Funny. I have a loan with Citifinancial. I'm now into the fourth year and almost 50% of my payment still goes to interest. Aside from that, my payment is 180.00 roughly and I paid 360.00. Then I get a bill in the mail that says I have a late payment and fees. When I called the office I was told it was from March of 2007. My husband called the office and was told that there was no late fees or payment. Seriously? We all know Citi does not allow you to go delinquent that long. And if in fact that was the case, one would think that making overpayments along the way, that would have been resolved. In my opinion of years with Citifinancial, the only thing there logo umbrella stands for is a cover up of the dirty, unfair practices that I see as everyday common occurences across the country.
#4 UPDATE Employee
The worse thing you could do is stop paying.
AUTHOR: Citifiemployed - (U.S.A.)
SUBMITTED: Wednesday, January 14, 2009
How long have you had your account. After 6 months you can see if you can lower your payments or your interest rate. Remember, most loans are for 5 years, during the first 2 years is mostly interest, then the last few years you will see more going to the balance. Make sure you are paying every 30 days, and if you can avoid do not allow any deferments or "skipping of payments"
If you stop paying your interest due will go sky high, you will get late fees and attorney fees, your balance will grow and grow.
If there has been a change in your situation from when you got the loan, and you can no longer afford the payment you are making, call the branch and explain your situation.
If you stop paying and have to go the legal route it will cost you much more.
#3 Consumer Comment
Didja....
AUTHOR: Ragged Jack - (U.S.A.)
SUBMITTED: Tuesday, November 25, 2008
Didja read that paper they put in front of you to sign? It would have told you exactly how many payments (divide by 12 and thet is how many years) the loan was for and at what interest rate. Take $5 to the nearest Wal-Mart and ask them for a calculator. They have 'em that don't even need no batteries now. Dig out that paperwork you got when you signed for the loan (unless you and your brother-in-law used it to make paper mache duck decoys) and go over it again.
#2 Consumer Suggestion
Pure nonsense
AUTHOR: Steve - (U.S.A.)
SUBMITTED: Saturday, November 22, 2008
NOBODY should have to make 2 to 3 times their monthly payment just to see some reduction in the principal especially if there was a stated interest rate up front at fixed rate- but this practice is another example of what has created the current credit demise in America and unscrupulous overly reasonable interest scheme practices like this to screw people over and steal their monies from them entrapping them in an interest rut many can never get clear of!!
They at Citi know it as do their ruthless brokers and other greed driven associates who only care about commissions and profit and not about ethical reasonable business finance practices; and I for one will work with federal agents who contact me to investigate these people and their deceptive loan granting practices and interest entrapment so many people are caught in.
Hell, the initial loan was based on a persons' income standing and creditworthiness, NOT based on whether or not they can make 2-3 times the payment per month and this is the bait & switch point of the transaction after-the-fact. It is wrong and it is unethical a company can do this to people who are told to make 3 times the payment each month just to get the loan paid off on time which is what the original finance terms were supposed to do and do not with Citi...
#1 Consumer Comment
1 2 3
AUTHOR: Bigcraig - (U.S.A.)
SUBMITTED: Monday, November 03, 2008
If you start double or triling your payment you will see much better results, they lent this too you to make big bucks back.
It sounds correct still owing 6600 on a 7500 loan 2 years later, thats about 45 principal 155 interest, send them 400 to 600 per month and watch it get paid off in around 18-22 months.
That Was Easy,
no I don't work for Staples.
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