rootpooty wrote:
It's def 8.2% financed by Huntington national bank out of Ohio. When I get home il get the car note out and go over it carefully. I live in Indiana but the bank is in Ohio so which state statue should I look up? My main question is can a bank apply 100% of payments to interest first then get to the principle? Right now refinancing would be pointless cause according to the bank starting 3 months ago 100% of my 451.00 payment is going to the principle.
Post the paragraph that details how the payments will be applied. Leave out any personally identifying information. There should also be a paragraph that details what happens in case of a default and which state's laws prevail (by the way, sometimes they put this in and it doesn't apply but you have to start with what is actually written in the contract).
