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My car loan has been paid. Made 72 pymts. Now they want $2500 more, stating this is interest. I made all my pymts and dont understand why they want more money. I even paid all late fees and they are placing interest on top of late fees. They are threatening to charge off my account. What should I do. They hang up on me all the time and nobody ever explains why I still owe all this money. HELP!!!!
charge off auto loan
Welcome to the forums!!!
Don’t make any extra payments. If they charge-off your account, then you can negotiate with the collection agency. They are trying to scare you.
loan
Where did you get your car? Usually one of those 'buy here, pay here, places will charge that much. Do you have documentation that you made ALL payments and it's paid off? I agree it sounds like a scare tactic. You should have a contract of some kind, concerning the loan. NO...don't make any more payments....that's good advise from Sallynachelle.