Due to loss of thousands of dollars of profit sharing at the mortgage company I work for and pending divorce and countless other unforseen situations, I took a loan out of desperation. I admit I should have been much more careful. But I honestly had no idea it was a simple interest loan.
Due to the fact that you cant make payments when it is convenient for you I have been late twice and paid heavy fines. Despite that I borrowered $5,000 dollars over a year ago and have paid $250.00 faithly each month all that time. I now owe $5,660.00.
Please do not take a loan with them, unless you know you can pay it off within a few months. I thought I was going to be able to get some other money and due just that, but those plans fell through and now I am hopelessly floundering in debt with this insane loan which has only worsened matters.
I am praying that someone will put them out of business and I would love to join a class action suite. I plan to contact the attorney general in regard to what is absolutely the worse loan I have ever made. Sheer and utter predatory lending. I am so ashamed that I didnt read the fine print regarding the simple interest feature. As many people do, I was rushing for a fix for a very nasty financial sitution and now will be paying the price for a very long time.
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