- Report: #1324470
Complaint Review: gm finacial - Nationwide
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gm finacial
Nationwide, USA
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gm finacial DO NOT GET A LOAN FROM THIS COMPANY THE INTERSEST IS FRAUD!! I M GOING TO CONTACT A LAWYER TOMARROW AND CONTACT BBB ! CARN LOAN ST PAUL Nationwide
My last payment was 471.00. Principle was 118.00 interest was 353,00 do not borrow from this company, I am going to do everything possible to have this company investigated and I am going to contactg BBB!!
3 Updates & Rebuttals
BBB
#2Author of original report
Wed, September 14, 2016
I have recieved 2,000 in compensation before on a company before like this. Interest Illegally charged .Idiot. This isn`t Canada! You can report anything to the BBB.
Bubba Lee
REd Deer,Canada
I am disappointed JIm
#3Consumer Comment
Thu, August 25, 2016
I thought you were going to be sane when I started reading your rebuttal, and it fell so far off the rails you can't even hear the tyrain go by.
1st Attempt to educate with out being abusive. Jim = Abusive every single time. You could have recomended a local Non Profit credit advisor in the OP area. Nope, abuse instead.
Started by stating something truthfull anout the BBB and then right down the rabbit hole, The BBB does not sell fraudulant anything you goof, but business particapation is optional and they only offer mediation services with no coercive power.
Dummy
Jim
Florida,USA
Finance 101
#4Consumer Comment
Thu, August 25, 2016
Quite frankly, it's quite obvious you haven't a clue of what you're talking about! Each payment is made up of interest and principle. At the start of the loan, most of your payment goes to interest. With each successive payment, more goes toward principle. When all the payments are made, all the interest and all the principle is paid down to zero! This process has been around since the beginning of time and is called amortization.
Your lawyer will, for a fee, will tell you the exact same thing...or...you can listen to this one and his explanation gratis. The BBB has NOTHING to do with this. The BBB is NOT part of ANY governmental body and has zero power to do anything. The BBB-BS is to SELL their phony accreditations to anyone who wants to buy one. The BBB-BS is NOT what you think they are.
