Complaint Review: Drive Financial, Santander Consumer USA, Inc - dallas Internet
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- Author Not Confirmed
- Drive Financial, Santander Consumer USA, Inc www.drivefinancial.com Internet United States of America
- Phone:
- Web:
- Category: Car Financing
Drive Financial, Santander Consumer USA, Inc A Loan Company ya right !!!! Rip-off Should be the name and type of company sacramento, California
* : A Lawsuit For What???
Show customers why they should trust your business over your competitors...
I have the same problem as everyone else I pay and pay and some how I am still behind. I dont know how after having my car for 2 1/2 years on a 5 year loan i still owe the whole loan ... and i aked for help if they would try to help by re-financing my loan for a better rate and they said "No they dont do that " it's like they want everyone to fail. i know i did not have the best credit but i was in need of a good car for my family and i. but i dont think that they should be able to take avantage of everyone that needs help... please add me to your suit....
This report was posted on Ripoff Report on 08/15/2009 12:58 PM and is a permanent record located here: https://www.ripoffreport.com/reports/drive-financial-santander-consumer-usa-inc/internet/drive-financial-santander-consumer-usa-inc-a-loan-company-ya-right-rip-off-should-480401. 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
A Lawsuit For What???
AUTHOR: Jim - (U.S.A.)
SUBMITTED: Sunday, August 16, 2009
It is clear you don't understand how finance works. That's not a criticism, but an observation!
Your payments are applied to INTEREST first and then the principle. You have either bad credit or no credit and as such you've had to use this dealership chain to get financing. You are a SUB-PRIME customer and therefore your interest rate will be high. That's why it appears your balance is not going down as fast as you might think. Add to that any fees for late payments etc.
You've had to use them because of your credit reputation. This does NOT mean you will be a SUB-PRIME customer forever unless you choose to be by not paying your bills on time.
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