Before kids i was young and irresponsible. I aquired a lot of debt and pd most of it off. but in 2006 I got a loan with capital one auto finance to buy a car and did not pay any attention i had no idea to what i was doing. Until yesterday I just left it at a bad decision. I inquired on my payoff which was 8208.00 and realized about six months ago it was 8500.00 i started to research and got angry at myself more and more I have paid 16000.00 so far the begining loan was 16561.00 with 12.77% interest on a 75 month pay off. I found out that the 3000.00 trade in and 2800.00 down payment did not go to the loan like I was told it was. I have also put 15000.00 in repair work and it is constantly having problems. I have researched every option and have gotten nowhere I need help otherwise I will be paying for this car for 5 more years at the way it is going.
How do I get out of this horrible train wreck? Do I have any hope?
Sarah
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Dear Sarah, i too had a capital one problem only mine was a credit card i tried to cancel when i lost my job . I paid all but $50 and asked them to close it . they gave it to a collection co that used attorneys, this was 5-6 yrs. later the 50 went to $2000, i was livid they tried to garnish my wages i was so upset with this stupid co. I filed bankruptcy and told them were to go. Thats what you probably need to do to get rid of that ridulous car loan sound like they ripped you of in fees , interest etc…sorry for anyone who has to deal with Capital one . Yours joan
Dear Sarah, i too had a capital one problem only mine was a credit card i tried to cancel when i lost my job . I paid all but $50 and asked them to close it . they gave it to a collection co that used attorneys, this was 5-6 yrs. later the 50 went to $2000, i was livid they tried to garnish my wages i was so upset with this stupid co. I filed bankruptcy and told them were to go. Thats what you probably need to do to get rid of that ridulous car loan sound like they ripped you of in fees , interest etc…sorry for anyone who has to deal with Capital one . Yours joanÂ