Credit Advice

Have a question? Have advice to share? The combined knowledge and experience of everyone in the Credit Karma community can help you. Enter your question or help others below to get started!

Question

Posted in Auto Loans
Profile Image

Question By
crashcam

0 Contributions
0 People Helped
simple finance charge?
im buying an rv and the 553-ca-arb-7/13 retail installment contract reads- simple finance charge- in the five boxes across it says apr is 6.04% in box one, finance charge is 9487.17 in box two, box three is amt financed at 23,241.15, box4 is total of payments of 32,728.32, box five is total sale price including down payment of 5,000.00 is 37,728.32....ok so my question is does this contract force me to pay the total interest of 9487.17 if my scheduled payments are 227.28 per mo for 143 months but i pay 1000.00 per mo will i still have to pay the whole finance charge?

Your Credit Scores Should Be Free. And Now They Are.

View your scores and reports anytime.

SIGN UP NOW
All Responses

Result 1-1 of 1Results per page: 5 | 10 | 25Page 1 of 1   Previous | Next
Top Contributor
1758 Contributions
3022 People Helped

Did a quick google for the form,   from the sound of it,  you should be able to pay it off sooner with only the finance charges upto that point,  BUT,  would ask the folks that are financing it just to make sure.  and get it in writing,   something clear that does not require a PHD to understand.

Result 1-1 of 1Results per page: 5 | 10 | 25Page 1 of 1   Previous | Next

Your Credit Scores Should Be Free. And Now They Are.

View your scores and reports anytime.

SIGN UP NOW

Reply to this Question

Write your response:
Enter Your Comments

The Credit Advice pages of the Site may contain messages submitted by users over whom Credit Karma has no control. Credit Karma cannot guarantee the accuracy, integrity or quality of any such messages. Some users may post messages that are misleading, untrue or offensive. You must bear all risk associated with your use of the Credit Advice pages and should not rely on messages in making (or refraining from making) any specific financial or other decisions.