Buyer beware. Had the opportunity to payoff the my truck loan with them. The way the contract is worded there is a prepayment penalty based on the days treasury market rate plus any documentation fee for the principal owed. The way they are trying to say it is worded they want to basically charge me all of the interest minus about $1600 bucks that would be due at the end of the last twenty eight payments. That is far different than what the contract states. When I demand a breakdown of how they are arriving at that conclusion all I get is a bunch of nothing so there is no way to even figure out how they are arriving at this amount. I’ll be contacting the attorney general in the state of Indiana to see what can be done. These people are predators plain and simple. Do yourself a favor and stay away from any of these companies when buying a semi truck. Go to your local bank and get and SBA loan and live a happy life. I would have been better off doing a capital lease on this truck if this can’t be fixed. At least many of them have clauses to walk away from this kind of stupidity if necessary. This company also goes by the name North Mill Equipment Finance at the same address. Be very careful of this company. I got this loan thru a legitimate Freightliner dealer and it appears that they may use many different names. .
This complaint and/or review was posted on HolySmoke.org on 20:43 pm, July 01, 2017 (CST) and is a permanent record located at: https://www.holysmoke.org/scam/north-mill-equipment-finance-llc-review/.
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