What is Chase raising interest payments on a fixed-rate loan
Seems simple enough, you get a fixed rate auto loan from Chase and expect that over the life of the loan, the amount paid in interest will go down over time until the loan is paid off. Why then is this Chase customer seeing repeated increases in the amount of interest he is paying, even when he is increasing his principal payment?
Perhaps Chase snuck something sneaky into the fine print.
Bad bad Chase, Fees & charges | admin May 25, 2010
