GMS Capital Drive Loans

All consumer credit agreements are presented and reviewed for each applicant prior to signing The customer alleged he did not know the Annual Percentage Rate or the finance charges until after signing the loan agreement The customer was well aware of the costs of the loan, as underwriting indicated prior loans of the same loan product were received and paid in fullAdditionally, the customer stated that, “ after I signed the papersI now owe them $” This statement is also inaccurate The customer could have returned the $on the same day and $finance charges would have been accrued, making the total payoff $ Interest charges are not all due upon signing the agreement The annualized rate is applied daily, and charges are applied daily The customer may pay the loan in full at any time, only paying interest for the number of days since the loan was received, without any prepayment penalties.We are a legally licensed lender, and comply with all laws and regulations required by local, State and Federal agencies [redacted] Chief Operations OfficerCompliance Director(405)341-ext3(405)513-facsimile

I have a 2005 Dodge Charger the damages estimated to about $2142.63 I have 2 rims that were damaged a hose busted and my rear axle and struts are damaged

All consumer credit agreements are presented and reviewed for each applicant prior to signing.  The customer alleged he did not know the Annual Percentage Rate or the finance charges until after signing the loan agreement.  The customer was well aware of the costs of the loan, as...

underwriting indicated prior loans of the same loan product were received and paid in full. Additionally, the customer stated that, “…after I signed the papers. I now owe them $712.50…”  This statement is also inaccurate.  The customer could have returned the $250.00 on the same day and $0.00 finance charges would have been accrued, making the total payoff $250.00.  Interest charges are not all due upon signing the agreement.  The annualized rate is applied daily, and charges are applied daily.  The customer may pay the loan in full at any time, only paying interest for the number of days since the loan was received, without any prepayment penalties.We are a legally licensed lender, and comply with all laws and regulations required by local, State and Federal agencies.  [redacted]Chief Operations OfficerCompliance Director(405)341-2860 ext. 3(405)513-5632 facsimile