Issues with HD Financing.
#11
Watch out going with HD Financing. They are criminals. My monthly payments are $168. I pay $500 and have decreased my loan balance by nearly half since I started back in July of last year. Each month they hit me with interest charge of over $50. I have to call each time and force them to recalc the interest which is below $30/mo. ****ing thieves. I will never use HD Financing again.
#12
Watch out going with HD Financing. They are criminals. My monthly payments are $168. I pay $500 and have decreased my loan balance by nearly half since I started back in July of last year. Each month they hit me with interest charge of over $50. I have to call each time and force them to recalc the interest which is below $30/mo. ****ing thieves. I will never use HD Financing again.
That's why if you have a loan with them, autopay is the only way to avoid their shenanigans. They also charged a convenience fee if paid online and didnt use autopay.
Last edited by upflying; 03-13-2018 at 01:43 PM.
#13
No I didn't care for them either. Granted I was using old school paper statements but the arrival of the bill was very close to the due date. It was like they were trying to induce a late fee.
That's why if you have a loan with them, autopay is the only way to avoid their shenanigans. They also charged a convenience fee if paid online and didnt use autopay.
That's why if you have a loan with them, autopay is the only way to avoid their shenanigans. They also charged a convenience fee if paid online and didnt use autopay.
They always send me the billing 5 days before the due date. Like you I'm convinced they are doing that to get a late fee penalty. I don't wait for the billing, instead, I pay 15 days before the due date using my online banking. This gives me a paper trail I then use to call them on their bs.
#14
Watch out going with HD Financing. They are criminals. My monthly payments are $168. I pay $500 and have decreased my loan balance by nearly half since I started back in July of last year. Each month they hit me with interest charge of over $50. I have to call each time and force them to recalc the interest which is below $30/mo. ****ing thieves. I will never use HD Financing again.
#15
One thing to watch out for is that unlike some lenders, if you pay ahead you get a statement with a $0 balance due for the months you are paid ahead. If people chose to not make a payment that month, then that's your choice.
If anyone feels they are being cheated on the interest charge, why not report them for consumer fraud?
#16
Also bear in mind your payment not being made or not being shown on time will wreak havoc on your credit rating.
I would refi and go with someone else.
Not worth the trouble.
#17
#18
That would be the case if they were honest, but they are not. They calculated my payments as being received 5 to 10 days late even though the funds cleared before the due date of the loan. Each time I called them on it I got some lame *** excuse and then they corrected their books.
#19
I make my payments through my bank bill pay function also. Never a problem. I monitor the HD website closely to be sure the payments have posted. Regular payments and the smaller extra payments I make go electronically and are posted very quickly. Larger payments go out of my bank as drafts and have been taking a week or so to post. Again never a problem.