Transouth Financial
Citifinancial ripoff, charges high interest rates and applies no prinicipal to payment balance for 3 or 4 years

I purchased a car in 08 with a 14.8 interest rate. I noticed that on my payment slips that if I make my monthly payments of $425.00, none goes toward principal. When I called Transouth regarding this, they said this is what they do and, I would probably be paying interest for the first 31/2 to 4 years before paying on principal. This is a ripoff and, it does not pay to purchase anything from them. They are unethical and, I will never purchase another car with them.

Company: Transouth Financial
Country: USA
State: Minnesota
City: Minneapolis
Address: P O Box 1437
Phone: 8888726768

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