My husband got a loan through Chrysler back in 2007. He had no credit, no credit cards nothing.
Chrysler gave him the loan at 20% interest. Since my husband never had credit he wasn't aware how much 20% was. When the first bill came in he was in shock. He tried to refinance and they told him he had t wait 1 year.
So he did went back to refinance with them they said they are legally not allow to negotiate the 20%. AND NO ONE WILL FINANCE THAT LOAN SINCE THE INTEREST IS SO HIGH. HE HAD BETTER CHANCES GOING THROUGH A LOAN SHARK.... Now he is stuck with a $600 monthly payment for 2 more years.
CAN YOU SAY RIPP OFF!!!!
I WISH SOMEONE WOULD SUE THEM. AND THE ATTORNEY GENERAL DOES NOTHING.....
Monetary Loss: $40.