Rapid Cash
Ripoff title loans high interest

In December I was desperate to make sure that my much younger sister and brother would have a Christmas, because I knew that my mother wouldn't make much of anything happen. So, in efforts to give this to them, I took out a car title loan from Rapid Cash for $700.00.
The interest on this loan monthly is $140.00, which is 249.99%APR.

The way that it was explained to me, I could pay the loan back in installments. What wasn't explained that I had to pay back the interest PLUS the installments, or just the interest to roll over the loan.

Well, here it is May, I have already payed a total of $700.00 interest alone, and still owe them $840.00 come May 25. I have a decent looking car worth much more than this amount, but it is ridiculous to keep it if I am just going to end up paying more than the value of the car in the end.

What I am wondering is if there is ANYTHING that I can do that would possible apply all of my interest paid towards my loan. I don't know what to do and I can't afford to keep paying $140.00 a month to interest alone. If anybody has any ideas please let me know. Thanks.

Company: Rapid Cash
Country: USA
State: Nevada
City: Las Vegas
Address: 3475 E. Flamingo Rd
Phone: 7025472274

  <     >