I purchased a car in a 2007 Chrysler 300 in 2008. At the time my credit was not superb but it was not warranted to the penalties CapitalOne bestowed upon me.
I agreed to a loan of 18000 dollars and at the end of my loan I will be paying almost 58000 dollars for a car. I was laid off work for over three years but still maintained my best in keeping this car at almost 600 dollars a month.I had to get five extensions that would be added on at the end of my loan agreement but the astonishing fees continued to add up. Not long ago I was really attempting to try and pay my loan off and low and behold my payoff had not changed much and I was still oweing a considerable amount of money. I have called and called trying to connect with someone who could explain why my payoff is still adding up to another year and three months of payment.
I have decided I would rather pay a lawyer this money to check and see how many people have CapitalOne bamboozled this way and find out which way I need to go in fighting this company back for taking all the extra money for nothing. When I finish this loan and if I finish I know I will never deal with CAPITALONE again and I will encourage as many people as I can not to.
Product or Service Mentioned: Capital One Loan.
Reason of review: Problems with payment.
Monetary Loss: $20000.
Preferred solution: Let the company propose a solution.