Florida Commerce Credit Union
Over charging on late charges by adding more and more interest to the loan.By almost 1800.00

Business & Finance

My son financed a vehicle with Florida Commerce Credit Union for 6066.67 plus 17.99% inter. Rate. Total the amount due $7158.06. He has paid half of the payments due total $3579.03.. He has no made his payments on time which is not good on his part but the bank is charging he 1739.02 is late charges with interest on them. So he is paying the interest on the loan plus the interest on the late fee and penalties. At the time of getting this car is was only 20 years old and this was his first car loan. But called today 5/11 and they are telling me pay off is 5318.05 when is should be 3579.03.. We just would like to end this loan with this bank. But nobody is going to give him their asking pay off for this car. 3579 yes but 5318 no. They saw this young kid coming and had never had any type of financing in his life and now he cant fix the problem by saleing the car... Need help in this matte


Company: Florida Commerce Credit Union
Country: USA
State: Florida
City: Tallahassee
Address: tallahassee, Fl
Phone: 8504880035
  <     >  

RELATED COMPLAINTS

Gallery Furniture
Interest Paid or Charge on a 'No Interest' Option Account

5/3 Bank
Increased interest and time loan to be paid off

Triad Financial
Is trying to get more money then in the contract I signed Ripoff

Best Buy, Household, Orchard, Credit Services, Bank
HBCS, Best Buy HP Pavilion crashed within one month of purchase, Household Bank failed to post payments, lost payments, charge wrongful late fees and interest on a no-interest loan. Ripoff

Ocwen Federal Bank
Delaying applying payments. Forcing late charges, interest fees. Sending back payments because they were supposedly late. Forcing foreclosure abused & mistreated

Hfc
Household finance predatory lenders loan balance never decreases!

Fifth Third Bank
Changed my fixed rate to variable, increased the months of my payments

Triad Financial Corporation
Charges over 50% of loan as interest, but they can explain it to you ripoff

American Web Loan
I recieved a loan of $1000.00, the woman I had talked to did not say that the interest rate was gonna be 30% every 2 weeks. I have paying since Jan. They have taken out a total of 2100.00 with nothi

Select Portfolio Servicin, Inc
Change in loan. Signed loan with Oak Street Mortg. Than over to SLS now SPS Had Interest only loan at one time, somehow changed. Reported Late 26 times from SPS, but bank statment shows paid every mon