1ST IBERIA CREDIT, INC. CFPB Complaints

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2000 Latest Complaints
Date Received Timely Response Product Issue State / Zip Submitted Via Tags
04/15/2020 Yes
  • Vehicle loan or lease
  • Loan
  • Managing the loan or lease
  • Problem with fees charged
  • LA
  • 70560
Web
I purchased a XXXX XXXX XXXX on XX/XX/XXXX. I financed it through First Iberia Credit which is the biggest mistake I have ever made. The price of my car was {$3700.00}. The total amount owed on loan came up to {$8800.00}. 33months at {$260.00} per month. I paid faithfully for 17 months. Then I fell on hard times. My car was reposed in XX/XX/XXXX. My refinance total was {$7900.00} TOTALLY RIDICULOUS!! I paid 17 payments of {$260.00} a total of {$4500.00} but my new loan is only {$950.00} different. SERIOUSLY!! These people are crooks and should be investigated as such. I have paid 10 payments on my new loan 10 @ {$210.00} Total of {$2100.00}. When I made my payment in XX/XX/XXXX I was given a written receipt. It showed my balance remaining as {$6000.00}. I came unglued. I have already paid these people a total of {$6700.00} and they say I owe {$6000.00} more. That would mean that I will pay {$12000.00} on a car that sold for {$3700.00}. That is a total of {$8900.00} more than the car. For what?? Interest and anything else this man chooses to add on to your loan. XX/XX/XXXX {$660.00} was added to my loan for what they wrote down as recovery fees. I had no idea. Was not told anything. It wasn't until I went to the office in XX/XX/XXXX and asked for a copy of all of my paperwork. That is when the XXXX hit the fan because I started asking questions and they all started passing the buck. This stuff has to be against the law. They are robbing me blind. I did not make my XX/XX/XXXX payment. I informed the manager that I was filing a complaint and I am not making another payment until I hear from you. This must stop.. Thanks