American Honda Finance Corporation Consumer Loan Complaint

Vehicle loan Shopping for a loan or lease

American Honda Finance Corporation Consumer loan department,

Vehicle loan Shopping for a loan or lease New Jersey

I purchased a car in 2005 value $18000.00 Honda Civic. I paid the car note for 4 years at the end of the 4 years I was told that there was a balloon payment of $8000.00 on the car. I had no idea I had a balloon payment. I told Honda finance that I did not have the $8000.00 to make a - time payment and they told me I had to return the car after paying for it for 4 years and they will treat it as a lease.I returned the car in great condition with minimal mileage. Now 6 years later Honda reported to credit bureaus that I owe $380.00, - for a Civic. I have called several times to Honda Finance to dispute the amount and they said it was corrected .Today it is still on my credit report. This has stopped me from getting other loans or jobs.

American Honda Finance Corporation customer in New Jersey
Oct 07, 2015

* Source: CFPB Complaint Database

American Honda Finance Corporation response to complaint:
Closed with explanation

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