5 years ago I applied for credit to purchase an appliance ($850). The store used this company. This is how it started. I signed the contract and agreed to pay 28% interest fee on $1,200.1 week later I cashed a check for $1,000.00. I cashed it.interest fee rose to 32%
I payed off the appliance early (have receipt showing 0 balance).
Every quarter they will call or offer to loan me a tiny sum with a proposal to lower my payments, and I have fallen for this about 4 times over the past 5 years.
I am a retired and disabled senior citizen with a very limited income. The payments are very high I have managed by grace to keep it current. My ability to meet other obligations has suffered greatly.
To finish they have taken over 9 thousand USD from me for borrowing 2 thousand 2 hundred USD and my balance is still 3 thousand USD. No doubt if I get behind on those ridiculously high payments for something I have paid for 4 times they will hound me as others express in this forum
There should be some law to stop this kind of Highway Robbery!
I want Tower Loan out of my life and others, as I am sure I am not alone, forever.
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