Anonymous
Managing the loan or lease: Vehicle loan or lease
Today I I logged in online to make a payment for my new RV loan. I paid $300.00 instead of $210.00 on the loan I was under the impression that the remaining amount would go directly to Principal. Unfortunately this was not the case. It will go directly to interest. I called the company to ask how could I pay on Principal as you can not do it online. They told me that the only way that I could pay directly on Principal was to complete a form and send a check into their company through the mail. This unnecessary practice is obviously done to make it more difficult for individuals to pay on Principal and save money over the life of the loan. Please direct this company to make it as easy to pay on Principal as it is to make a payment on their website.