Mtenney
Clayton,#2Consumer Comment
Tue, October 14, 2008
I too have experienced being called a couple days before my loan was due and even the day it was due. After I told them to stop calling and bugging me, they finally did (I did have to get to nasty though). My husband and I were late for the first time back in 2006, (we have until 2010 with them, grrr) and we were 10 minutes late and they called us and said we needed to have the payment in by the next morning or they were going to repo it. Then they said if they repoed it, they would garnish his wages for the unpaid amount at a rate of 800.00 month. That scared the sh*t out of us so we borrowed the money. My husband didn't get paid until 3 days later. They explained that there is no grace period on the loan yet our paperwork said we have 7 days. They twisted it and said that meant they won't impose any late charges until after the 7th day late. Ouch, we were late again in 2007, and they charged us 23.00 day for everyday we were late (we were late 10 days). No where in the contract did it say they could do that. It just said a late fee of not more than 5% of the loan. Which is less than $30.00! I am so mad and aggravated that we are going to be stuck with them for another 2 years!