Complaint Review: Santander Consumer USA - Fort Worth TX
Santander Consumer USA Santander, Santander USA Won't allow payments to principal Fort Worth TX Texas
*Consumer Comment: Perspective
*Author of original report: Good Advice
*Consumer Comment: There is a work around for this type of issue
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At the time I purchased my auto I had no credit history but was able to get financing through Santander Consumer USA at 25% interest rate. I was told by the dealer that I could refinance in about a year. That was untrue because now I'm upside down in the loan. I contacted Santander to see about making extra monthly payments toward the principal only and was told that they don't accept those type of payments. Any additional payment would be applied toward a monthly payment. I also asked why my principal and interest payments fluctuated so wildly each month and was told it was due to the current interest rate. I feel deceived by both the dealer and Santander and I am totally frustrated by the fact that I can't even pay down my principal early. These people are predators.
This report was posted on Ripoff Report on 06/12/2018 10:27 AM and is a permanent record located here: https://www.ripoffreport.com/reports/santander-consumer-usa/fort-worth-tx-76161/santander-consumer-usa-santander-santander-usa-wont-allow-payments-to-principal-fort-wor-1447138. 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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