One of the Nation’s Largest Auto Lenders Told Customers, “We’re Here to Help.”
Then It Took Their #Money and Their #Cars.
CarMax partner Exeter Finance makes high-interest loans to people with troubled financial histories.
It allows borrowers to skip payments but often adds thousands of dollars in new charges — costs that customers say Exeter didn’t tell them about.
#News #PersonalFinance #Transparency #ConsumerProtection
https://www.propublica.org/article/exeter-finance-skip-payments-debt
What No One Tells You About Car Loan Deferments
When you defer a car payment, you’ll likely end up owing more at the end of your loan.
Our free auto loan calculator tool was built to help borrowers figure out their final payment amount and understand how car loan extensions work.
https://www.propublica.org/article/auto-loan-calculator-with-extensions