#EXETER FINANCE CORPORATION HOW TO#
#EXETER FINANCE CORPORATION SOFTWARE#

#EXETER FINANCE CORPORATION HOW TO#

How to answer a summons for debt collection in your state >Read the FastCompany article: Debt Lawsuits Are Complicated: This Website Makes Them Simpler To Navigate Once you come to a settlement agreement, SoloSettle manages your agreement documentation and transfers your settlement payment for you, keeping your financial information safe from pesky debt collectors.

#EXETER FINANCE CORPORATION SOFTWARE#

SoloSettle's software makes it easy to send and receive settlement offers until you reach an agreement with your creditor or debt collectors.

SoloSettle, powered by SoloSuit, is a tech-based approach to debt settlement. You can improve your credit score and obtain a better loan with some effort.ĭon’t let Exeter Finance garnish your wages. While being without wheels is hard, especially when you have a commute and family responsibilities, sometimes it’s better to work on your credit than to take on a commitment you can’t afford. If you’re finding it difficult to obtain an auto loan because of poor credit, don’t let Exeter Finance take advantage of your desperation. According to the complaints, most repossessions occur after three to four months of nonpayment. Once Exeter repossesses a car, it charges thousands of dollars to return it. Several consumers complain of unexpected repossessions. According to the family, Exeter falsely claimed it repossessed the vehicle to obtain a refund on the vehicle’s warranty for $3,000.Įxeter Finance is likely to repossess your car if you don’t stay on top of your payments. The family decided to sell the car to another buyer, who agreed to repay the loan. The company tried to repossess the vehicle, but it wouldn’t provide the family with a receipt of repossession.Īn attorney advised the family not to accept the offer because Exeter could hold the deceased’s estate liable for the remaining loan balance. In an unfortunate case, the family of a deceased person who had an auto loan with Exeter faced several headaches. The consumer tried doubling the payments to reduce the total interest paid, but the company charges daily interest, which makes it hard to pay down the principal. One person spoke of putting a $10,500 downpayment on a $24,000 vehicle, only to receive a loan with a 28% APR and $533 monthly payments for 66 months. Most complaints relate to poor customer service, unexpected payment withdrawals, high interest rates, and repossessions. In the past twelve months, 253 people filed complaints against Exeter Finance through the BBB. Some customers complain that the cars they buy are lemons - costing them thousands of dollars in repairs in addition to the interest and fees they incur with Exeter Finance. Many cars that Exeter finances are used vehicles they may not last as long as new vehicles and will require more repairs. Check out this video to learn more about how to settle a debt: Is Exeter Finance suing you for unpaid auto debt? Use SoloSettle to settle your debt today. One customer indicated they paid nearly $30,000 for a car worth only $17,000 due to interest and fees.Īnother customer made $16,000 in auto payments over three years but still owes $14,000 on an initial $15,000 loan - illustrating just how high the interest is on Exeter’s loans. Numerous customers complain of excessive interest rates and poor communication with staff. The reviews of Exeter Finance follow the same themes. This score is based on 90 reviews posted on the BBB site. As of April 5, 2023, it has a score of 1.2 stars out of 5.

The BBB is a great source to learn more about lenders and their practices.Įxeter Finance has a profile with the BBB, but it isn’t BBB-accredited. What the Better Business Bureau (BBB) says about Exeter Financeīefore deciding to take out a loan from a company you’re unfamiliar with, it’s always a good idea to check its customer reviews. Since Harry knows it will be difficult to find a conventional auto loan with a lower interest rate, he accepts the offer. Harry applies for financing with the dealership, and Exeter Finance offers him a loan with a $500 down payment and 28% APR. He visits a local used car dealer and finds a Nissan Versa for $15,000. Example: Harry needs a new car but has a low credit score.

Exeter finance corporation