- Report: #420037
Complaint Review: PEAK5-FLATIRON OR CENTRIX - Centennial Colorado
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Author Confirmed
Why?
PEAK5-FLATIRON OR CENTRIX
6782 S Potomac St., Centennial, 80112 Colorado, U.S.A.
Phone:
877-236-7672
Web:
N/A
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Business Rating:
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Tell us has your experience with this business or person been good?
PEAK5-FLATIRON OR CENTRIX A ripoff!!! Called to get a payoff on my auto was told of a balloon payment of over $3000.00. I was also told if I was to payoff the car now it would cost more. I have spoken to an attorney who gave me this website. Centennial Colorado
I was told by a representive that I had a ballon payment of over $3000.00 making my payoff $4,643. plus if wanted to payoff this car before June it would cost me more.
I contacted an attorney who referred me to this website to report this ripoff company to, one company with many names.
Sylverja
Birmingham, Alabama
U.S.A.
I contacted an attorney who referred me to this website to report this ripoff company to, one company with many names.
Sylverja
Birmingham, Alabama
U.S.A.
2 Updates & Rebuttals
Mshalo
Aurora,Colorado,
U.S.A.
about the balloon pymnt
#2UPDATE EX-employee responds
Sat, July 11, 2009
Just a little explaination as to why you might have a balloon payment due at the end of your loan. Peak5 loans are simple interest loans so there is a daily interest accuring on the balance. When you get deferments the defered payment is added to the last payment due on the loan. When you get mulitiple deferments it increases this amount even more. Late payments also can make your final payment balloon. It is important that you read all the terms and conditions when you enter any type of agreement. Don't let the finace managers at the dealerships rush you. Make sure you know what your are signing up for because you are the one who has to live with the consequences.
D K
Jacksonville,Florida,
U.S.A.
Read your contract
#3Consumer Suggestion
Fri, February 06, 2009
People agree to "balloon payments" at the end of their finance contracts to get lower payments. If you have a balloon payment agreement it is in your contract. If you signed a contract with a balloon payment at the end, you were NOT ripped off. Pay more attention next time to what you agree to.
