I signed 60 month term. At 670$ monthly payments in November 2015. Original maturity date nov 28 2020 if all payment where made on time. I have10 differed payments yes 670$ monthly payments at 20.9 interest rate I’m paying for 2 cars. So system was set up for me to fail so of course I been behind and struggling on payments. Here we are July 2020. I still owe a little over 17k when I already paid over 30k. Now maturity date changed to sep 2021 but if we do the math 670$ monthly payments plus late fees plus differed payments it still won’t add up to 17k. So Is actually going to be late 2022 before this 2008 Jeep Wrangler is paid. They took advantage and knew I could not afford the car when I had a open loan account at the movement’. Yes my mistake for taking offer. But they also knew I could not afford it and took advantage with this ridiculous payments and interest rates
What would you like the company to do to fix the problem?
1-Give me title loan forgiveness remove from credit report or 2- remove from credit report start new contract with less interest rate. Lower payments and 1/2 what I owe atleast 8,000 not 17,000. If not I will seek attorney for compensation
Submitted by: Anonymous in Illinois | Read more Santander Consumer USA complaints
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