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Report: #1387610

Complaint Review: Santander consumer usa - Nationwide

  • Submitted:
  • Updated:
  • Reported By: Tera — Phoenix Arizona USA
  • Author Confirmed What's this?
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  • Santander consumer usa Nationwide USA

Santander consumer usa Financed me for a obsered amount Fort worth Texas

*Consumer Comment: Two to Tango

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 I received a car loan that Santander financed without verifying my monthly income or employment. The vehicle that was financed was soled way over what is was worth and financed at almost 20% banking on me not being able to make on time payments leading to them repossessing the vehicle. This company obtains crooked car loan files banking on the person not being able to continue to make the car payments. The car was sold to me for 16813 at 19.92% totaling 28939.68 if all 72 month of payments where made. The monthly income on my loan application was 4000 a month and was a automated approval causing no bank personal to ask for verifying documents before loan was finalized. They are crooked and bank on the loan applicant defaulting on the loan.

This report was posted on Ripoff Report on 07/23/2017 02:26 PM and is a permanent record located here: https://www.ripoffreport.com/reports/santander-consumer-usa/nationwide/santander-consumer-usa-financed-me-for-a-obsered-amount-fort-worth-texas-1387610. 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

Two to Tango

AUTHOR: Robert - (USA)

POSTED: Tuesday, July 25, 2017

What you have just admitted on a Public site is that you knowingly had false income information on your credit application in order to obtain a loan.  That is called FRAUD.

This is also something you could be arrested and prosecuted for by the bank. Now, will they do that. Probably not, but the point is they could. So before you start playing the "victim", remember YOU are just as guilty as they are. In fact MORE gulity

They can say that that is what you told them and since it is your signature that states you acknowlege that everything on that document is the truth they could just say they took your word for it. 

So while I know you are doing this as a case of "Buyer's Remorse" trying to find some way out of this loan and the money you legally owe. The fact is that you agreed that the information was correct, you agreed to the price of the car, and you agreed to the Interest Rate and length of the loan. There is no requirement that they have to verify anything on the application, that is their choice whether or not to do it. In the end it is YOUR responsibility to consider if the monthly payment is something you can afford.

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