Here is what Maverick Finance is not telling you. If you get a loan for $1000.68 and on a 12 month plan you pay back $128.00 per month totaling $1,536.00. However, when you make your first payment, you pay $500.00 which should equal you paying $44.61 in interest and $83.39 in principal. Here is what Maverick Finance do, you pay them $500.00 in your first month and they break that down to $128.00 payment for months you have not used. If you borrowed $1000.68 with finance charges of $535.32 and divided that up in 12 months that comes to $44.61 so when I paid $500.00 the $44.61 should have gone to interest and $455.39 should have gone to principal. What they do is take the $500.00 and equal them out for several months taking interest from months you have not used. So you take $128.00 each month until the $500.00 is used up which would total (3 payments) $384.00 for full payments and $116.00 partial payment. Out of this they will take $44.61 out of all 4 payments including the partial payment. So, on your principal you only paid $321.56 and not $455.39 which is a difference of $133.83 for months you have not used the funds. This is not a traditional installment loan good once are like your mortgage or credit card payments. You pay $500.00 and they only take the interest for that month not for future months. If you can avoid Maverick Finance do so, if you have no choice then go for it.
No one would help me n was about to lose my vehicle n this place helped me....thank u maverick finance
The manager at this place is very rude I would suggest taking your business somewhere else.
This company has the best of loan services i have found they dont charge you a ton of money to borrow and they have low monthly payments and just great to do buisness with!!
Maverick Finance is a US Accounting firm based in Fort Worth, Texas. Maverick Finance is located at 5980 Rufe Snow Dr #110, Fort Worth, TX 76148, USA.
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