On 06/30 I purchaced a Used Huyndia for 10,000.00- after putting 1,000.00 down I am noticing that the actual loan was for 12,303, 40 my 1,000.00 down makes it 14,303.40- I have no idea how this happened? - but thats alot odf taxes. I first requested a copy of my payment history from City Financial because it seemed I was making my payments but my balance was not going down at all. The first copy yhry sent my was not readible without a magnifying glass - However the second copy states that my origonal loan was for $12,303.40 in 06. My payments for the past 3 3/4th years have been 295.20 per mnth. I was under the impression this loan was at 18% but apperntly jumped to 23%??? No idea how? So as of today I have paid Citi financial $13,570 over almost 4 years at 295.10 per mnth and my pay off today would be (without interest) $8,463. Keeping in mind the used huyndia was only $10,000 to begin with - and I have given them $13.
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