My wife answered an advertisement on a title loan, by Millennium Loan Fund. Since we had paid off our 2001 Tundra, a very modest truck, we had a clear title, and agreed to the loan as we were facing a critical payment we just couldnt cover. The 300% on $1000.00 and other charges came out to 1300.00 total, or $ 310.00 per month, which we agreed to. What these criminals dont tell you, or they say they do, my wife does Not recall them revealing this next fact. My wife was a Texas realator for 15 years, do you think she would remember this little detail. They charge, what they call a CAB fee, or finance fee, of $ 250.00 PER MONTH, on the original ammount. Only $51.00 goes toward principal, that means it will take 20 months to pay this off, or a total of $ 6000.00 on a $ 1000.00 note. Where is the outrage? The people are getting killed? Where can we turn? What agency is looking at this. These people should have a class action suit against them, and made to pay back these outrageous charges.
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