Santander Fixed Sum Loan Agreement

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Now with extended loan terms up to 7 years and proactive debt repayment. Our loan was transferred to Santander in 2009 with a balance of $35,000, but we bought the car for $15,000. We couldn`t pay off the car because we fell to an income, but according to Santander, we still owe about $1800 and the interest adds up. I have negative coverage of my credit report I need to know that my loan is 72 months. I will investigate myself Santander dismantled my car in May. I called them to try to get it back and they told me that I had to pay the loan in full and that the amount they had given me was higher than the price of the car when I bought it. They are nothing but bloodsuckers and thieves. I would like to participate in this class action. Oh, and I paid this loan for 2 full years and the manager barely moved. I am a current customer with a loan payment of $546.40. My loan is just interest. I deferred 7 of my payments.

I had an outstanding balance of late fees of over $1000. I was able to work to clarify all this. Paid in full! My problem was that I made my payment on the second Wednesday of each month, my due date is 16. Dates vary depending on the date of the second Wednesday of each month. So my normal time was between the eighth and twelve of each month. But according to Sandtander, I was considered late every month. Because I paid at least 5-8 days earlier, instead of directly on the 16th of each month. That`s why my late fees have become so high.

I have had my loan since August 2015. My loan was $22,000. As of 6/16/2020, I still owe $13,000 and some change. Now I pay the 16th. of each month. (Because I don`t want to be considered too late) My regular payment amount is $546.40. My loan is expected to end in August 2021. But now it won`t be paid until April 2022. Am I eligible for this lawsuit? My husband and I are on SSD. Which is what we both were at when the loan was taken out. It`s only because of COVID-19 that I`ve had the opportunity to defer my payment further, but I worry when I think of an interest-free loan. Does that mean I`d better only make monthly payments until April 2022? I was caught in a high interest rate loan and I have been paying for almost 5 years and I still owe more than the price of the sticker I had with Santander, there was a repo because the payment was too high and im on disability.

They really took advantage of me. That`s great for those who defaulted in December 2019, but Ebay on the rest if we continue to struggle to pay off those high-yield loans? We`d better not pay them from December 2019. I also read that settlement payments for those who qualify for smh could be as little as $225 each. Always pay on the loan. And I don`t have the Great News car. My husband had a loan with them and ended up paying twice for what the truck was worth. I got a loan from them in February 2018, I had a miserable credit score and I only had 3000 less, they sold me a brand new 2017 Ram 1500, but the payments were astronomical. I made the payments for 7-8 months, then I called them and handed over the truck and stopped making the payments, after several calls and about 5 months later they finally came to pick up the truck. I wonder if all of this was in the works and they wanted to give the impression that I had been in possession of the truck for over a year, so they were not responsible for repossession before. Absolutely ridiculous, I received a letter about it a few months ago, but nothing in depth about my specific situation. I have a loan with them.

I called about two months ago to find out why my balance had only dropped by $2,000 in three years. When I was late, it bothered me constantly. Phone calls and even blocking online access until I call. Hello, I had a loan with Chrysler Capital in 2016 until 2019, when the transmission went out and was put back into service. I couldn`t afford to pay for the truck and got a new gearbox. Credit default 8/2019. Has undergone surgery. They didn`t want to work with me, I was desperately trying to make all the payments I could. They took my car 2/2020. And come after me for balance. I bought a vehicle in 04/2012. I got sick and ended up doing 2 carryovers for every 6 months to add at the end of the loan.

I paid for 6 years (including the two 6-month deferrals), so 5 years of actual payments, and I still owed over $10,000 for a loan that was originally just under $14,000. I ALWAYS kept in touch with them and the last conversation I had, the representative I spoke to told me that due to a month of half payment, interest was charged on the other half of the payment I owed, and pretty much none of the $400 of the payment went to the main balance. If I had paid the other half of the payment in advance, the interest would have been lower and a larger portion of the payment would have gone to interest. Anyway, if I pay for 5 actual years, do I still owe more than $10,000? I`m good at math, but it`s a twisted and criminal calculation! If I kept the car, I would still pay for it and it would be 16 years old and I would end up paying 3 times what I had originally borrowed! I told them in November 2018 to pick up the vehicle, and I had to keep calling them every week until they finally picked it up in January 2019. They sold the car and I am now responsible for the difference and all their extra costs. They are predators and they will add fees for everything. If I guess, I paid almost $1500 in fees for phone payments through Western Union (which Santander charged)! I would be really happy if someone please contact me! Thank you very much! According to santander`s auto loan website, the $65 million settlement will be used for subprime consumers who defaulted on loans between January 1, 2010 and December 31, 2019. How can I get information about my loan, it still goes not only 200.00 after almost 2 years and no one wants it, my interest is too high.

I had a low income at the time I had to buy a car because of a new job. My credit was not good and it appeared on my loan from Santander. My 2016 Kia cost me 610/month and it was hard to pay, but I have to support it for my work and to provide for my family. I got my first loan in SEP. But moved to Kansas in 2009. Does this apply to me since MS is not on the list, but KS is? Please let me know. My name has also changed since then. I got married.

Does it have an effect on anything? Hi, I got a loan with Santander and my vehicle was taken back and they sold it at auction for 3000 and still wanted me to pay 7000 when I bought the car, it was that amount. My loan failed and by that time I hadn`t lost my job through fault. The company I worked for had eliminated many paid jobs and mine was one of them. I am just as confused as others. I received a card from the Attorney General in the mail indicating that I am eligible, but do I need to do anything? How long do we have to wait? I`m currently unemployed, so I couldn`t even pay them even if I had to. I fight as is. Please indicate what the next step would be. Thank you very much. I just realized that with the loan they gave me, I fall under many of them. I`m willing to work with them to keep my car, but they`re not ready to work unless I come from the norm. How can you tell you want to work with someone if they don`t really help you? I have a car in Santander and have been paying for 2 years.

It seems that my credit balance is not really decreasing, according to the settlement website, the Illinois attorney general led the coalition by launching the investigation into Santander`s practices starting in March 2015 after receiving numerous consumer complaints related to their subprime loans. To date, I have paid nearly $40,000 for the 2012 Hyndai. I had been calling since 2016 to wonder why my manager hadn`t gone down. They have taken all interest payments to date. When you call for payment assistance, they put two months on the back of the loan and conveniently forget to tell you that it is now double the interest for those two months and that it will be added to the principal amount. I have a very high credit with this company. Tell me what I need to do. Please add me to the Rules of Procedure. I received a loan from Santander for a 2017 Ford Fusion, which I no longer have due to repossession. Santander sold my account to an agency for pickup. Santander bought my loan from another lender. Not only did they have shady lending practices, but they also held my payment when I refinanced.

I explained that I was losing money, to which they replied that it was their practice. Hello I also got a loan with Santander and I got my car deposit because the loan was ridiculed I got a loan from Santander in 2014 at 26% interest. The car was taken over in January 2017, I kept leaving comments and didn`t hear anything. I have to be involved in this Santander class action lawsuit because my loan was structured based on what they did with the high interest rate alone, how they gave me the loan and my car was stolen, and what they did to my insurance company and me was simply unethical. Their outrageous company, which wasn`t supposed to do what they were doing, was wrong. .