Drive Financial Services
Balance barely drops after fifteen months of payments

I financed a vehicle through Drive Financial on September. My payments are around 400.00 a month. Every month when I check my statement, I notice my balance doesn't seem to be going down. 15 months into this loan I have only reduced my balance by 1,100 dollars.

Every time I contact Drive I am given different explanations as to why the majority of my payment is being applied to interest. The majority of my payments have been on time but no one is able to tell me why each month different amounts are applied to principle and interest. On one month 28.00 went to principle the remainder was applied to interest.

How am I ever going to get out of this loan. If anyone can offer me some advice I would appreciate it.

Company: Drive Financial Services
Country: USA
State: Texas
City: Dallas
Phone: 8882224227
Site: drivefinancial.com

  <     >