I didn't have very good credit. My dad got a loan for my car...my name is not on it but I am the one who makes payments. I have been paying additional to try and get it paid off. My dad got a statement to me and after looking at the interest charges I noticed that every month the interest was different...one month it was 76% the next it was 53% 27% 38% every month its different. It says on the statement its "rate 21.95" "Apr 21.95" but on average since 1/6/12 its been 35% I have been paying interest. That have charged me many NSF fees when I made payment over phone and i have proof from my bank statements. It sucks seeing $350,payment and only $89 goes to principle. What can I do?
Coastal Credit, LLC Reviews
I didn't have very good credit. My dad got a loan for my car...my name is not on it but I am the one who makes payments. I have been paying additional to try and get it paid off. My dad got a statement to me and after looking at the interest charges I noticed that every month the interest was different...one month it was 76% the next it was 53% 27% 38% every month its different. It says on the statement its "rate 21.95" "Apr 21.95" but on average since 1/6/12 its been 35% I have been paying interest. That have charged me many NSF fees when I made payment over phone and i have proof from my bank statements. It sucks seeing $350,payment and only $89 goes to principle. What can I do?