Summit Financial Corp Consumer Loan Complaint

Vehicle loan Managing the loan or lease

Summit Financial Corp Consumer Loan department,

Vehicle loan Managing the loan or lease Florida

I have - issues with Summit but was only able to select - issue below. I purchased a vehicle from Summit Financial -/-/-. I 've never paid a payment beyond 30 days late until -/-/- as I had became unemployed. I missed that payment and it has been affecting my credit ever since, I requested to have this payment deferred but they were unable to work with me in addition I 've sent letters to Summit requesting a resolution but they are continuing to report the late payment to the credit bureaus. In addition, I was recently informed that my loan was a interest bearing loan with 18 % interest rate and I was not informed of this during the sale or my many times talking to the agents at Summit Financial. I became curious as to why is my balance is still over - when I purchased the car in -/-/- for - and my payment is $ -/month. The value of the car in currently -. I 'm unable to trade or refinance this car in as I 'm upside down, I want to find a resolution to get rid of this car as well.

Summit Financial Corp customer in Florida
Oct 21, 2016

* Source: CFPB Complaint Database

Summit Financial Corp response to complaint:
Closed with explanation

Created with Highcharts 4.2.3Summit Financial CorpComplaint HistoryComplaints12/20143/20152/20165/201610/201600.511.522.533.5Source: Consumer Financial Protection Bureau
Created with Highcharts 4.2.3Summit Financial CorpManaging the loan or lease100.0%Closed with explanationSource: Consumer Financial Protection Bureau
Created with Highcharts 4.2.3National AverageManaging the loan or lease0.3%8.4%1.4%0.5%1.9%9.2%76.9%1.4%Untimely responseClosed with non-monetary reliefClosed without reliefClosed with reliefClosedClosed with monetary reliefClosed with explanationIn progressSource: Consumer Financial Protection Bureau

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