I didn't have money for a Thanksgiving dinner for my family, so when I received the email from "Loan Point USA", I thought "this is a good idea". I borrowed $600.00 plus $180.00 fee (30%), on Oct 12. The 1st payment was deducted Nov 4.
I didn't know they were only deducting the 30% ($180.00) from my bank account EVERY pay period ($360.00), without paying down my loan. I was not aware that I had to request EXTRA funds be taken out of my account to pay down the loan. When I saw $360.00 being deducted on the first payment, I thought I was paying down the loan, instead I they just kept deducting their fees (180.00 x 2 pay period) since Nov. 2010 & I still owe $600.00.
They stole a total of $2520.00 & they are telling me I still owe $600.00 & they will continue to take the $180.00 fee.
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