CitiFinancial One Main Financial Deceptive Practices and Undisclosed Terms Traverse City, Michigan

After the various scenarios were presented here, the OP hasn't responded in THREE months! I'd say the nail was hit squarely on the head, Robert!  Good work!

Know your rights. You may file your complaint at http://www.consumerfinance.gov/complaint/

 please please listen to me, I know everything, my rebutts are better than the rest. you must listen. I think not bobby from irvine. 

Loans don't work that way.  Even the highest interest loan with the worst terms and the worst company will be paid off in the terms they give as long as you pay per the terms. 

So it is really impossible on a $10,000 loan to go down only about $2,200 after 7 years.  Now, of course there could be 101 reasons why this could happen and unfortunately short of you posting the entire terms of the original and new loan, as well as proof of every single one of your payments there is no way we are going to know what is what.

One possibility is that you are 100% truthful and they did screw up.  In that case get all of your paperwork together and find a lawyer to sue the pants off of them.  If it is as you say, then it's a slam dunk case that you should have no problem finding a lawyer for.  Of course other possibilities are that you are still not telling the entire story.   When you made your payments did they give you the choice of multiple payments where the lower payments don't reduce the Interest as much(or possibly even increase the balance?).  Did at anytime during this loan...especially when you "refinanced" it did you look at the balance?  What was the balance when you did the ReFi?

What was the Interest on the original loan?

 people are getting the message that team rebutt is completely useless, hurts doesn't it??

Well Robert, my payment was just under $300 as you suggested. My new payment went to $240. I paid every month on time. Please don't try to tell me what happened to me. I'm still there. By the way, my interest rate was more than 25.01% as I said before the "new" loan began.

You are not telling the entire story.

On a 10K, 60 Month loan with 25% Interest.   You should have been paying just under $300/month and if you paid every month on-time you should have been down to about a balance of just under $3,000 after 48 months.   

But even according to your posting you were paying an additional 3 years of a refinanced loan, which would bring it down even more.

So what were you paying every month? 

Were you paying On-Time and the full amount EACH and EVERY month?