Complaint Review: Peak 5 - Centrix - Flatiron - Centennial Colorado
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- Author Confirmed
- Peak 5 - Centrix - Flatiron 6782 S. Potomac St. Centennial, Colorado U.S.A.
- Phone: 877-236-7672
- Web:
- Category: Car Financing
Peak 5 - Centrix - Flatiron Gave runaround when I asked for a cash payoff amount Centennial Colorado
*Consumer Comment: Simple Interest Loan
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I have only 6 months left to pay on my car when I called to get a cash payoff amount, it was more than the principle amount that I have now. The principle amount to date is $7855.49, if I continue to make payments of $425. per month until July, with a 29% interest. The cash payoff amount they gave my for today is $7878. When I asked the representitive why the increase, she became hostile and started talking loudly over me. When I asked to speak to her supervisor, she put me on hold, I stayed on hold for 7 minutes then hung up.
Times when my payment was not on time, they would call with a caller I.D. of unavailable, and not leave a mesage. There is never a call back number, and if I do talk to the representitive on the phone, they are rude, hostile and loud. My next phone call is to my lawyer.
Theresa
SpringRayford, Texas
U.S.A.
This report was posted on Ripoff Report on 01/13/2009 10:00 AM and is a permanent record located here: https://www.ripoffreport.com/reports/peak-5-centrix-flatiron/centennial-colorado-80112/peak-5-centrix-flatiron-gave-runaround-when-i-asked-for-a-cash-payoff-amount-centennia-411475. 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
Simple Interest Loan
AUTHOR: Sara - (U.S.A.)
SUBMITTED: Tuesday, January 13, 2009
Sounds like your loan is a simple interest loan, therefore interest accrues daily. As a result, there will be a discrepancy between the balance on your statement and the payoff balance. To be safe, if you call them again (good luck) have them give you a 10 day payoff, or a payoff good through the date you are planning on paying off the vehicle loan. Even better, get the payoff amount in writing to cover yourself.
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