Summit Financial

Summit Financial is designed to offer people with bad credit High intertest rate loans. I currently hold a policy with them at 18% interest rate. I went to take my car in for a trade after I've had it for 1 year. It was purchased for $12,800 WHY DO I OWE $14,900 on this policy? This is because unlike most policies, if you decide to make a pay-off you still owe the interest. They don't refinance and I was late on one payment and they had already sent my account to a collections agency. The Bad Business Bureau needs to come see about them. STAY away from them, you will thank yourself later, this is no joke... I wish I would have known what I know now!!! Summit Financial gets an ""F"" for foolishness, fooling people out of their money, this should be illegal. Pros: Building credit Cons: HIGH interest rates more

summit is charging too much per month with interest rates that are costing the amount owed on their vehicle loans to go up not down // they are not willing to work with their clients // do not get a vehicle loan with them Cons: INTEREST RATE // CUSTOMER SERVICE more

My daughter signed a note with Summit Financial for $17,000. The payments were $541.00 per month. After ten months of payments of $541.00 per month, her balance is $17,300. Stay away from Summit Financial. Cons: Unthinkable! more