Santander Finance Company
Payments applied to interest first, loan balance not decreasing after 36 months

We bought a car in 9/08 for $26,500 and to date we still owe $26,500 after 36 months of payments, because all the payment is being applied to interest first, with less than $75 per payment being applied to the loan. Interest-first loans are illegal in the state of Maryland, and when I confronted Santander, they stated they can apply the payments as they see fit. Stay away from Santander Finance Company, aka Drive Financial!

Company: Santander Finance Company
Country: USA
State: Texas
City: Fort Worth
ZIP: 76161-1245
Address: P.O. Box 961245
Phone: 8882224227, 8773748305, 8008616743, 8882767202, 8005260157, 2146341110
Site: santanderconsumerusa.com

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