My car is supposed to be paid off in 2 notes. Speaking with a rep I asked them to confirm my payoff date. Now they tell me I owe an additional $2000.00 due to accrued interest! I have always paid my note. I've been late several times but always been careful to pay my late fees. The guys says it's not late fees its a simple interest loan so it is accrued interest. Make sense of that! Although every payment has been paid, every late fee paid I still owe $2000 how is that possible. I was never told this thought I have always asked if the late charges etc are taken care of. I have always been assured that everything is fine. Now close to payoff they tell me I'll have to pay this additional money.

Has anyone out there suffered this!