Has anyone been surprised by extra interest on a car loan?

Answers:2   |   LastUpdateAt:2012-10-06 07:43:02  

Question
DeAndre
Asked at 2012-09-15 05:02:04
Recently I decided to pay a car loan and imagine my surprise when I owed another $ 4,000 in interest because I paid after the expiration date , even though I paid before the date of enactment . I've never had to pay a late fee . I researched my loan papers and in very small print it says that there is a penalty for not paying for the "due date " , but did not specify battered women . I guess my complaint (other than $ 4,000 ! Maturity ) is that there is no statement in the coupon book an assessment later of the "due date " and " penalty date " and ........ ... .. I have never received a statement from the car company informing me of rising interest charges . I have excellent credit and could have paid this on the exact date it was due , but let it grow into an account for more money . I think this practice is unethical . I just called my sister - in-law and found out he was doing the same! Any ideas out there how I can get some money back ........... short of demand ?
Answer1is this right!!!Answered at 2012-10-03 03:47:38
If not a simple interest loan is probably nothing you can do about it. That's something I should have asked to buy the vehicle. I'm not sure you have to lose in a cause that I have no idea what type of loan you have and the amount of interest is a large amount , but you may want to call your lender and ask them to explain if you have not done . MedlinePlus Good Luck .
Answer2dannAnswered at 2012-10-06 07:42:21
ANOTHER REASON TO MEET YOU KNOW BANKS AND DEALERSHIPS AVOID QUICK EASY AND INSTANT FINANCING .
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