Chase Manhattan Bank Informative - Chase Finance charge scam
I have an agreement with chase. It is a Retail Installment Contract. They provided me with $15664.
I agreed to pay them the finaced amount plus a simple interest finace charged daily,
and I gave them a security interest in my car. They have a lien on the title to my car.
They gave me the right to pay off the contract with on penalty.
I called Chase and told them I would like to pay them everything I owed them and asked them for a pay
off amount. They told me they wanted three weeks extra intersest and would not accept any payment from me. I called again
and was told chase chages four to six weeks of finace charges before they process the account. They are charging me with an
extra high interest rate. They refuse to give me an account number.
I never intended to pay them high interest for long time. Chase wrote the agreement and it says I
have the right to pay off and it says in bold face type "This is a simple interest contract. This means
that since we compute your Finance Charge each day on the unpaid balance of the amount financed..."
They are preventing me from paying off loan so they can claim additional finance charges