I'm a single mother of a 2 year old and a 3 year old. During May of this year, I took out a $300 loan with this company to pay my rent. I knew what I was getting into with this sort of loan, however it was my only option. So the terms I agreed to was paying back $390, the $300 that I borrowed and the $90 fee associated with it.
I get paid bi-weekly so these are the transactions they have made in the past few months:
6/8 - $90
6/22 - $90
7/6 - $90
7/20 - $90
8/3 - $90
8/3 - $50 for a whooping grand total of $500
Needless to say I am pissed and yes it is my fault for not paying closer attention up until this point but come on now! Paying $500 for a $300 loan?! I've dealt with similar companies and they have NEVER charged me almost double of what I borrowed. They take their fee out and then they start taking their payments out accordingly.
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