I borrowed $300. I must pay $150 every month as a "finance fee" on top of any money toward the principal $300. So far I have paid $500 and have reduced my amount owed by $50. I was informed of the finance fee when I applied, but was told it was a one time fee, and then each payment Thereafter would reduce my amount owed.
I found out the truth when I called to get my payoff amount and was speechless. No one would agree to such a thing. Now I'm stuck paying probably $1,000 for a $300 loan. These people need to be stopped! No one should take advantage of someone in a financial hardship. It's just mean and heartless.
0 comments