SNACC
$26,000 car loan payoff equals the full loan amount

I just got off the phone with SNACC and learned that my young Army son and his wife got a loan for $26,000 for a 2009 used vehicle. Interest is very high and even though they've paid on it for almost a year, they stated that to pay it off would cost the same as the loan amount. I requested a copy of the contract which the kids never received and they were very hesitant to provide. Why isn't the government doing anything about this even though it's been reported numerous times?

Company: SNACC
Country: USA

  <     >