First Investors Financial Services Not applying loan payments inconsistentally and not towards principal Houston Texas

By you saying things such as your "average" principal was $86/month tells us that you in fact have no clue what type of loan you have.  Because as was properly explained to you there is something known as amortization.  Where you will always pay more interest in the beginning of an auto loan than at the end.  But if you still say you know the type of loan you got, then answering these questions should be simple for you. 

What is the Interest Rate?  What is the Term?  What is the Montly Payment?  Is there a Pre-Payment penalty for paying your loan off early?  What as the total cost of your car including any "extras" such as maintenance contracts?  How much of a downpayment did you put down?

Now, other questions.  Have you ever been late?  Have you ever had to ask for things such as a deferment?  Because if the answer to any of those is yes, then that will affect your balance?

What type of method are they using to assess Interest?  Is it a simple interest loan? 

So again if you truly know the type of loan you got, what specific thing are they doing different than is stated in the loan agreement? 

...and that story is you realize the response addressed the matter perfectly, hitting the nail directly on the head.  Instead of you offering an intelligent rebuttal, its the tired, immature "you must work for them" dodge!  So here's how funny this is!  You whine about the "type" of loan.  We're not talking loan type...we are talking about AMORIZATION.  Again, who cares how the payment is applied as long as it IS applied and you paid it on time! 

If the payment stays the same as per the contract, it doesn't make one bit of difference how they apply it, as long interest and principle are both paid off when the final payment is made.  Of course, if you're just here to bring up some smokescreen because the real issue is you are tired of their collectors calling you because your late, then we can all see how you think you've come up with some "technicality" to not pay them.  But don't believe me!  Look up "AMORTIZATION"! 

 Wow! Is all I have to say! If this is actually a representative of the company in question, that was the most unprofessional response I have ever seen. My 6 year old cwould have been more professional. It is funny that you would think I do not know the type of loan I signed. But, if you do your research, you will see all complaints are in regards to the inconsistency of division of funds to principal and interest. As far as the BBB , that is the one thing I should have researched, that you are not a member. Hmmm? Red flag!!! Thanks for the laugh!

 Thanks for the laughs! You have a bunch of us laughing our rear ends off! It's called amortization and is standard procedure with finance! Payment money is applied first to interest and then to principle! As the loan term goes on, more and more money is applied to principle. By the time all the payments are made, you would have paid all the interest and all the principle! The contract, which you probably signed without reading contains all the details. As for the BBB-BS, here's another thing you have no clue about. The BBB-BS has absolutely no power to do anything. Their con-game is to SELL their phony "accreditations" to whomever wants to buy one, exactly like a diploma mill scam works! The BBB-BS is not part of any governmental body and has zero power to do anything other than to sell the phony accreditations to businesses who want to con the public into thinking they are so,so full of integrity and honesty. Remember, the BBB-BS is a clear and obvious SCAM. The BBB-BS is NOT your friend and their only purpose is to sell these PHONY ACCREDITATIONS to anyone who wants to pay their price! Oh yes, you can be absolutely guaranteed the slimeball, pond scum con-artists never defend themselves because they know far too many people are onto their scam!