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My payments have not be applied to principal and I have been paying on time for almost two years.

Reviewer is in unhappy mood. Please immediately contact the author of this review to discuss problems with payment of santander consumer usa auto loan. Santander Consumer Usa needs to read this review and look into the issue (if any) according to poster's claims.

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Anonymous
#1210700

In ALL car loans, payments are first applied to interest.As you continue making payments, more and more goes to principle.

The process is called AMORTIZATION and had been around since the sun first rose! When you pay all the interest and all the principle you owe nothing.

There's no fraud or deception here.It's nothing more than Finance 101!

Anonymous
to Anonymous Erie, Pennsylvania, United States #1243150

Why can't you tell me something that I don't know???

"When you pay all the interest and all the principle you owe nothing." Wow, that's brilliant! Did you go to college to learn that?

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