Crescent Bank & Trust Outrageous, unrealistic interest rates on car loan New Orleans La
If you're thinking about getting a car through a loan from this company I've but one word. DON'T! Don't be like me and others on this page who may have neglected to read in detail the small print. Don't let a car dealership tell you you're approved through this company even though you know your credit isn't that good...or maybe just downright bad.
The dealership will tell you it's 10% compounded interest and so you may think (like I did) that this is monthly. People...IT'S DAILY so by the months end you owe 10% of your loan X 30 days and they take that right off the top before applying anything to your principal balance so you'll be paying interest (thousands upon thousands) and you'll never see your principal balance shrink! YOU WILL NEVER GET THIS VEHICLE PAID OFF.
By the time you're finished I swear, it's a down payment on a house. How the government allows this type of predatory lending is beyond me but this bank needs to be investigated/shut down. How they can do this without conscience, morales or cooth can only come from cold hearted greedy bastards that continue to rob people in tough situations. OK...I have bad credit...it doesn't give you the right to rob me. People, YOU HAVE BEEN WARNED. If you have bad credit...DO NO BUSINESS WITH THIS BANK OR YOU WILL BE SORRY. I GUARENTEE IT!
2 Updates & Rebuttals
David
TROY,New York,
United States
OK giblet head...they're theives any way you spin it!
#3Author of original report
Mon, August 22, 2022
...so you come on this site with what you might think is dry, witty humor...trying desperately and incessantly to defend Crescent' actions. News Flash. YOU CAN'T! They're the grimiest, rottenest bunch of fat, slack jawed greedy m/fer's that I have ever seen perched under one BS umbrella you call a bank.
A crescent bank and trust at that! And all that horse s**t you're spewing about me destroying my credit...well, crescent will make sure they keep the pressure on your neck. If it's not destroyed before you meet them it damm sure will be afterwards...messing with these b*****d's! Having bad credit is not a crime.
People run into tough times. s**t happens, well except outside of your personally flawless, impeccable record of repayment to every institution that's ever loaned you a dollar every day of your fake -as*ed life. You gotta be fake to spin up the crap your posting on this site. crescent bank's little flunkie is what you are! Too bad we can't all be like you huh dickhead. It's funny.
So, you defend crescent and tell me in your last rebuttal that because I had bad credit that they'll place me w/ a subprime lender so esentially you're slamming crescent too! Thanks Mr. or Mrs. Cromagnum. I'll capitalize Cromagnum but crescent doesn't even deserve the time nor recognition.
Oh yeah, by the way, my credit is back on track so fuc you and crescent bank! PEOPLE STAY AWAY FROM THIS BANK! TELL EVERYONE YOU KNOW...EVERYONE. SCREAM IT FROM THE ROOFTOPS IF YOU HAVE TO! STOP THESE GREEDY, SOULESS BASTARDS!
Irv
Florida,United States
What a Bunch of BS!
#3Consumer Comment
Mon, January 03, 2022
You haven’t a clue as to what you’re talking about! ALL AUTO LOANS as well as real estate and many others have an AMORTIZATION SCHEDULE in which interest is paid first and decreases with each payment PROVIDED you pay on time. The ONLY reason your APR is high is because YOU DESTROYED YOUR CREDIT and you were PLACED with this subprime lender.
When you deadbeats fail to make payments on time, you deadbeats generate extra interest at the daily rate. There’s a very simple remedy for this...make your payments on time. BECAUSE YOU DESTROYED YOUR CREDIT, YOU HAVEN'T EARNED A LOWER APR LOAN.