Toyota Motor Credit Corporation Consumer Loan Complaint

Toyota Motor Credit Corporation Consumer Loan department,

Vehicle loan Managing the loan or lease California

I was financed by Toyota financial services [email protected] % interest my credit score at the time was - and so was my cosigner low - 's. the terms of the loan were for 60 months, I asked for a simple interest loan. I was told if I paid early my money would apply towards the principal balance, that did not happen, all my payments were applied mainly to interest and a very small portion to principal. During the course of my loan I did take - deferments with the understanding that they would be added to the end of my loan. So my maturity date would have been -/-/- but it ended -/-/-. So each month I was paying a little more than the balance due to help prevent further interest charges, but I did not see any benefit during the life of my loan.


I inquired with Toyota Financial and they advised it was from my - deferments, and interest during that time. $3900.00 in interest and fees? That is unfair, unreasonable, deceptive and predatory. I have asked three times for my payment history and have not received it. I took out a loan to pay my final payment of $3900.00 because I did not want my account to charge off or to not receive my title.