Citi Financial
Rule of 78s Payoff Exceeded $10,000 Loan After 5 Payments
I requested a short term loan (gap loan) to cover my wife's medical expenses until my insurance check arrived. I borrowed $10,000.00 at 23% interest. Citi Financial broke the payments out for 60 months, equaling $281.85 per month. I made 5 payments of $281.85 over five months, sometimes $295 when I ...