Northland Credit Corporation is a rip-off financial institution. I am very concerned to make others aware about it.
Before I purchased this truck, I used to have a very wrong thinking related to the financial institutions. I used to think that they are good at maintaining their reputation. They are not keen to overcharge the customers. During that time, I purchased this truck in a hurry. I was so hurried that I missed the big part! I completely missed to check that interest rate.
Once I reached home and started reviewing the paper to find more about interest rate, no detail was there. There was not even a single line mentioned about the interest rate in the contract.
So, I contacted them to know the interest rate. They told me that it can remain around 19% or more. It was the time when I lost my faith on that institution. When I started calculating things on my own, I came to know that they are going to charge me more than 100%. There was no way out for me. I have to keep it so that my credit can be saved.
But after one year, I was not able to keep it up. Business was down and I was forced to close it. And now they are sending my wife and me to the credit report.
The worst part is that they have mentioned not to sign my wife for the second buyer. However, she will just there for witness. Now they are putting her name as 2nd buyer. This is not fair at all. I will surely not accept it.