Consumer complaint received 2022-10-25
Company: CAPITAL ONE FINANCIAL CORPORATION
State: AR
Product: Vehicle loan or lease
Sub-product: Loan
Issue: Managing the loan or lease
Sub-issue: Problem with the interest rate

Complaint:
In regard to the capital one auto finance account 
This account has been negatively affecting me for some time now. 
As per the reported information that YOU have listed on my credit report you can see the original loan was for XXXX for 63 months at 18%.

I paid 58 months of the term payments beginning at XXXX then shortly thereafter were increased to XXXX, and the last payment I made was XXXX Coming to a grand total of roughly XXXX When the vehicle was repossessed after attempts were being made to finish the loan off as you can see from the payment history. Little did I know I have been getting vamboozled the entire term of the loan and as such my vehicle was stolen(by repossession) as it should have been paid for. My credit has also been affected for almost 4 year now making financing another vehicle or anything else for that matter nearly impossible.  

Logic and evidence as follows XXXX amount financed XXXX 18%
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Yr.       Pymt. 	Mo.	 Yr.Total	Principal	Intst. Chrg 	Total.		Yr.End Bal.
XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX	XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX  
Corrected
XXXX paid at 58 months XXXX balance  
I would have paid off the truck if there were fraudulent charges represented to me in the final balance of XXXX which is reported as a charge off.

Capital one after repossessing the truck auctioned it off bringing a payment of XXXX
Capital one comes after me for the remaining XXXX. Before realizing I was being scammed, I settled the debt with Capital 1. 

In total Capital One claiming to be charging me 18% on the loan that would have yielded XXXX, in actuality brought XXXX as they fraudulently charged me 100% interest on the loan in some sneaky way. I do not fully understand how but in any mathematical world i have ever heard of the borrowed amount paid back XXXX  is 100%. 
XXXX XXXX XXXX XXXX XXXX Capital one recovered XXXX  just over that. 
Capital One reports the account as a collections charge of XXXX to date. 
Due to the fact the amount owed was mis-represented to me and the real amount due would have been feasible to pay rather than the XXXX  they claimed, resulting in my inability to pay the loan and my vehicle being repossessed. It also appears that the real number owed would have Paid the vehicle off free and clear, as would have been what was agreed to. For this reason I am entitled to damages due to the financial strain this has placed on my family over the course of the last 4 years as well as the negative effects it has had being reported incorrectly. I am also entitled damages for the XXXX  distress placed on me by Capital one in making me seem inadequately handling my debt when it was only faults by their fraud. I am entitled and will accept no less than the vehicle to either be replace free in clear to me or the dollar amount that was paid for said vehicle that i no longer have XXXX and because of the nature of the investment and its appreciated value i also am due the XXXX it brought at auction far surpassing what the agreed upon repayment would be. Capital one should report it on my credit profile as paid in full without being late as I obviously was ahead as I was being overcharged. They should also compensate me for loss of wages due to not having a vehicle and all other hardships that entails. They should also have to place an apology on their website to warn other customers of their thievery.

Company response to consumer: Closed with explanation