Complaint / Review
Citifinancial
15-Year $15,000 Loan, 99% of Payments Went to Interest

I was moving homes from Norman Oklahoma to the county. I was also getting these loan offers from Citi.

I thought I would check them out. My loan amount was small, 15,000. I told them I planned to pay it off in 1 year, but I let them set it up for 15 years. I wanted simple interest.

I guess I didn't read this right, because when I got my statements, they said this is not the pay off amount. 99% of the money I paid was put into interest. This is not what I wanted or thought I was getting.

Help, what can be done?

I bet I was one hot interest return on the market. Help. I have already paid them way more than the house was worth. It might go back.