Complaint Review: DRIVE FINANCIAL - DALLAS Texas
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- Author Confirmed
- DRIVE FINANCIAL P.O. BOX 562088 SUITE 900 DALLAS, Texas U.S.A.
- Phone: 877-374-8305
- Web:
- Category: Car Financing
DRIVE FINANCIAL , MAJORITY OF PAYMENT APPLIED TOWARD INTREST. DALLAS Texas
*Consumer Comment: The way loans work
Show customers why they should trust your business over your competitors...
I have been paying on my suv for all most 17 mos, and my payments are $850 month only $100 is going toward the suv this is wrong. Something must to done about company that take advanage of consumer If there is any class action sueds i want to join. Also if I were keep making my payments for the next four year i would pay $60.000 for suv. I am not making any more payments. I am giving it back.
p.s I need a good lawyer
Robert
DES MOINES, Washington
U.S.A.
This report was posted on Ripoff Report on 01/17/2008 07:58 AM and is a permanent record located here: https://www.ripoffreport.com/reports/drive-financial/dallas-texas-75247/drive-financial-majority-of-payment-applied-toward-intrest-dallas-texas-300832. 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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#1 Consumer Comment
The way loans work
AUTHOR: Mike - (U.S.A.)
SUBMITTED: Thursday, January 17, 2008
Robert,
Drive Financial works with high risk car buyers, and therefore charges a HUGE interest rate, so yes, you will wind up paying a large amount more than you should for your vehicle, and yes, most of your payment is paid towards interest and not principle.
You don't need a lawyer, you need t9o budget your money, get your credit rating up and finance a car with a reputable loan company for a fair interest rate. My car payment on the amount I owe is $168/month with $34 going to interest.
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