Santander Consumer USA
High Interest Rate = Predatory Lending

Business & Finance

I have been paying a car note with Sandander for over 4 years, I inquired as to pay-off. Current pay-off was still more than initial car loan, even more appalling was an interest rate of 25%, compounded daily. The original note was with Drive Finance and shortly thereafter transferred to Santander. I do not recall ever signing a note such as this one, with such an escalated interest rate, this is truly unreal. Is this not a usury law violation? Currently seeking legal counsel.


Company: Santander Consumer USA
Country: USA
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