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Report: #1153375

Complaint Review: Security FInance - Nationwide

  • Submitted:
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  • Reported By: D Turner — Lincoln Illinois
  • Author Not Confirmed What's this?
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  • Security FInance Nationwide USA

Security FInance DO NOT GET A LOAN AT SECURITY FINANCE Lincoln Nationwide

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 This company is a loan company and while contracts are completed (And very complicated, they fail to honestly show information of how the loan/interest/chargers are computed. Even the management staff does not know much about them. What I do know is that the loan company charges ALL interest as a finance charge billed within the first 3 months of an 18 month loan. There loan paperwork is very misleading as there is no "Early payoff" penalty.

You get billed all charges within the first 3 months charging basically 200% interest for 3 months and no additional interest  for the following 15 months. This is a deceitful loan practice out to get people in need of short term money and even paying the loan off after a few months, they have already made all of their "Interest" for the entire loan.

This report was posted on Ripoff Report on 06/09/2014 04:06 PM and is a permanent record located here: https://www.ripoffreport.com/reports/security-finance/nationwide/security-finance-do-not-get-a-loan-at-security-finance-lincoln-nationwide-1153375. 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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