Polaris STAR CARD?? Riiiight!

[Idaho Ice]

I dont know if anyone else has used this service to buy a Polaris, but if you are thinking about it and havent yet DONT. HOLY INTEREST!! They sucker you in with the whole $99/mo payment plan and only $1 of that goes to your principal. I finally had enough and called to get a payoff balance, I wrote a check for the amount and paid it IN FULL I thought. I guess it must take longer to close out an account than it does to make a payment...who knew?? So now they have their account balance paid up and have charged me tons of interest on the loan and they waited to post the payment for some reason and gave me a LATE fee when I paid the balance in full. So now they are charging me finance charges on a LATE fee...I cant WIN! How do you ever pay the balance off when they apply finance charges to every payment you make?? Just a WEE bit frustrated and I will NEVER use a Polaris gimmick card again! Im not angry with Polaris I guess its actually HSBC Finance that takes the loans READ THE FINE PRINT!!

 

[redlineguy]

They prolly charge intrest daily. "Anything that sound to good prolly is." Word's to live by.



***gin Polaris











.

 

[Idaho Ice]

It is daily and I fell for it, but they know you will either pay or hurt your credit so what can ya do but learn from it and hopefully help out someone else from making the same mistake.

 

[khaddon2110]

best bet if you have to finance is to avoid the promo cards....

I know yamaha pushes those too, but how can you beat a $99 payment, right?

the best ones are the ones that don't charge interest for a year or two.. you have to make sure you pay them off before that deadline or they will charge you interest on the interest free time period. I have used those a couple times, I mean if they are going to let you use their money for a year...I'll take it.

they probably don't like customers like me though, because they don't make any money.

 

[Idaho Ice]

Its almost IMPOSSIBLE to contact them I have called, emailed and sent faxes with no reply whatsoever. They have NO problem taking my money tho. It even shows on my account I made a $7900 payment and they are still posting LATE FEES with FINANCE CHARGES?? I just hope other people dont have the same issues Im having with them. My plan was to just use the card for the "introductory period" usually 12-24mos, then to either pay it off or trade it in. WRONG if you do that you basically give them 24mos of interest and you have a sled that isnt worth anywhere close what you owe on it so you are stuck. I have purchased alot of toys and vehicles on credit like anyone else but this is BY FAR THE WORST plan I have ever used. DONT DO IT!

 

[BigTruck]

Let me think about this.........

You signed up for this and only made the minimum payments............

Now that youve figured it out that it will take you approx 40 years to pay off $6000 you are mad................

I think if you would have been a little smarter to begin with you would not be in this predicument...........

But hey, thats just me!

There are soo many banks and credit unions available to us today. Why anyone would think this is a good deal is beyond me.

You need to be mad at yourself!

 

[buck50]

Let me think about this.........

You signed up for this and only made the minimum payments............

Now that youve figured it out that it will take you approx 40 years to pay off $6000 you are mad................

I think if you would have been a little smarter to begin with you would not be in this predicument...........

But hey, thats just me!

There are soo many banks and credit unions available to us today. Why anyone would think this is a good deal is beyond me.

You need to be mad at yourself!

problem is most people don't REALLY think about it!!!!!! the dealers push them casue they make money on it, trust me i know they do, and customers, espcially the more financially challenged ones, are wooed by the low monthly payments, period!!!!!!!!!!!!!!!!!!!!

 

[Idaho Ice]

Let me think about this.........

You signed up for this and only made the minimum payments............

Now that youve figured it out that it will take you approx 40 years to pay off $6000 you are mad................

I think if you would have been a little smarter to begin with you would not be in this predicument...........

But hey, thats just me!

There are soo many banks and credit unions available to us today. Why anyone would think this is a good deal is beyond me.

You need to be mad at yourself!

Oh Im mad at myself thanks for your words of wisdom...oh and its PREDICAMENT. I have learned from it I was just hoping to help someone else from making the same mistake I did. Funny thing is it shouldnt take 40 years to pay off $6000 by making the minimum $99/mo payment (but then I did take math classes in Idaho) if it wasnt a shady deal by the finance company. I dont know about other people but I guess Im just not real "finance savvy" enough to understand all the interest compounded daily blah blah blah. I looked at the bottom line interest rate and payment figured hey I can afford a new sled in my budget then pay it off before the intro rate is up, but it didnt work out that way LESSON LEARNED!

 

[BigTruck]

problem is most people don't REALLY think about it!!!!!! the dealers push them casue they make money on it, trust me i know they do, and customers, espcially the more financially challenged ones, are wooed by the low monthly payments, period!!!!!!!!!!!!!!!!!!!!

My point EXACTLEY!

It is a scam! I know this as I was a Polaris dealer for years.............

But before you sign ANY paperwork you "the buyer" need to know what you are getting into. If you just dont care cuz "i can afford it" then get over it!

Im not stickin up for either side! But please people, know what you are getting yourself into!

Have a great day!

 

[BigTruck]

[/I]

Oh Im mad at myself thanks for your words of wisdom...oh and its PREDICAMENT. I have learned from it I was just hoping to help someone else from making the same mistake I did. Funny thing is it shouldnt take 40 years to pay off $6000 by making the minimum $99/mo payment (but then I did take math classes in Idaho) if it wasnt a shady deal by the finance company. I dont know about other people but I guess Im just not real "finance savvy" enough to understand all the interest compounded daily blah blah blah. I looked at the bottom line interest rate and payment figured hey I can afford a new sled in my budget then pay it off before the intro rate is up, but it didnt work out that way LESSON LEARNED!

No words of wisdom here bub!

Just pay attention to what your signing up for!

Have a great day!

 

[TurboM700]

I had the same thing happen to me I owed 4300 left on my wheeler I was tired of the 99 month so I called them up asking what my pay off amount was they told me. I told them I would like to do a phone payment so it would be taken care of that day. I made the payment. I thought great card was payed off did not get no more bills. Intill about 3 months later I get a phone call from a dept collector. Saying I owe a nother 487 dollars becuase I had two day interestes then late fees and interest on the late fees. Since I was 2 weeks away from buying my house I paid it after arguing with them for and hour one night and try to get them to take off the late fees and I would be nice enought to pay the "interest" that accuried becuase the cant proccess a payment fast enough.

So this is what I learned.
I contect my morgage guy and told him about it just to make sure this would not effect closing then I called our prepaid legal I get thru work. The told me what they are doing is illlegal.

The cant not legal charge you late fees on account like this because when you made a payment for 7900 you mayed a payment for 60 months for instance.

And that its is up to them if you ask for a payment account the account must be froze for 15 days if you dont not pay this off is 15 days then the account becomes acctive again and the interest that was accumlated during that time would be add to the account.

I contact my prepaid legail and the Attornay Genereal office to get the ball rolling. I also called Polaris Star Card (HSPC) and told them that the would be getting a call from my attorny if the did not settle this at this time. Which they did not. So my attorany called them and got the ball rolling is along process and last from HSPC was I will see the money in a check with is the next 10 bussiness days that was 42 days ago.

I hope that make all makes sense if you have questions ask away also I will never buy a polaris again for that reason.

Mike Fuchs

 

[PJ-Hunter]

BRP is doing the same thing with their card (GE MONEY). Its great if you can pay it of in full after the 0, 0, 0 period is over or just do what I do and refinance with a credit union or bank get a better rate and a lower payment. I wish that I could've paid off a 12,000 dollar sled in 6 months but work just isn't what it used to be. Dang economy. My stimulus check didn't stimulate anything either.

 

[Blu Du]

i bought my rhino on the 89 a month plan. i made most $1000 payments and a couple of $500 payments. what a joke i was looking at the statements and the 89 per month doesn't even cover the intrest. if you made 89 payments you would never pay it off you would go backwards. no wonder the world is coming to an end.

 

[SAWYER]

Debt sucks

 

[Idaho Ice]

Current balance: $88.69
Available credit: $14,911.31
Total credit limit: $15,000.00
Last payment amount: $7,900.95
Last payment date: 05/28/2008
Minimum payment due: $59.44
Payment due date: 06/23/2008

Its crazy, you call and get a payoff and send them the money for that then they charge you a FINANCE charge to pay off the balance? K so their loan is paid for and now Im just paying them finance charges that accrue interest everyday. My bad for assuming when I called for a PAYOFF they would include ALL FINANCE CHARGES to close out the account. Its no wonder law abiding citizens go postal! This is gonna drive me to drink!