USAA Savings Consumer Loan Complaint

Vehicle loan Taking out the loan or lease

USAA Savings Consumer loan department,

Vehicle loan Taking out the loan or lease Illinois

I had previously submitted a complaint against USAA with regards to my auto loan. I was promised a lower rate over than what I am being charged. In addition, the term should have been - months with - payments rather than - months. As a result of that complaint, USAA offered to essentially refinance the loan with the correct terms since they could not fix the original loan. However, I paid for a gap insurance product on the current loan which is tied to the loan, not the vehicle ... so refinancing would have voided the gap insurance and since the new loan would have been a refinance rather than a purchase, I would not have been eligible for repurchasing the gap insurance. The USAA person who was responding to my complaint was supposed to look into this but she stopped responding and none of the issues were ever addressed. I am still paying the higher interest and the amortization period is still wrong.

USAA Savings customer in Illinois
Jun 23, 2015

* Source: CFPB Complaint Database

USAA Savings response to complaint:
Closed with explanation

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