I purchased a car 4 years ago and because of my not so good credit, I got a 22 percent from triad financial. After making on time payments for a year with improved credit I requested to refinance through citi financial. They offered to lower my interest to 16 percent but what they did not tell me was that the interest would accrue daily which meant the majority of my payments would be going towards interest. A year and a halfe later After reviewing my account I realized that my balance had not gone down at all after paying for almost 3 years. I then tried to get out of that loan and tried to refinance again through my credit union with improved credit only to find out that the vehicle had already lost almost 8 thousand dollars in value and my I loan was exactly where it started 3 years before. They would not refinance, they would not Lowe my interest and to make things worse they sold the loan to santandernbank. I bought this vehicle for 24,000 with a 3500 down payment and almost 4 years later I still today owe 20 thousand. The payments keep going directly into interest and I am now experiencing hardship with difficulty to pAy and no hope to ever own this vehicle.