My daughter needed a loan against her car. The title is in my name so I co-signed. She was supposed to pay it back when she got her taxes, but she couldn't. So, my wife & I paid over $200/month for the past 6 months - a total of $1,298. My sister-in-law started asking what interest rate we were paying. We thought it was 27%. When they faxed her the loan docs, we found out it was 270% and that was why we weren't getting the loan paid off! Do not take a loan from this place! AT THIS RATE, YOU WILL NEVER GET IT PAID OFF. My sis-in-law paid ours off, so we could get out from under it. We will pay her back and it will actually all be paid off in 10 months at $100.00 per month. We were paying $217 per month to loan max, and only paying the interest!!
0 comments