I had purchased a 2001 Dodge Ram 1500 from a local automotive dealer. This transaction took place in June 2004. This was the first actual loan that I had taken out for a automobile and had limited credit. Nuvell financial was the bank that took on the deal with a interest rate of 18.9 %. Before taking on this burden I made sure to get approval that if all payments were made on time the interest rate would go down within a period of 1 year. I was told by the company that the rate would probably go down within 6 months, I would just have to call... read full review »