I admit, I'm the fool, I fell for it and now I'm paying the high price of 25% interest rate. I got a check for $3000 dollars for an unsecured personal loan. I threw it out. I kept receiving the same offer for about 6 months. I needed to help out a family member, so I finally bit. I went to the local office to fill out paperwork and low and behold they would increase my credit available to $10000 but my finance rate would be reduced to 7.9% after a year of on time payments. I paid off a 14% credit card believing I'd be paying only 7.9%. It's been a year and a half. I have automatic payments, so they are always ontime. They will not lower my rate and said they never said that they would. I am now into them for over $14000 because of the ridiculous method of APR. How do they sleep at night. To add insult to injury, the also charge me an annual fee of $49. Rude when you call them and flat out liars and cheats. Bookies and laonsharks treat you better.
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