I took a loan for $300.00 i have paid out over 360.00 to date. The company insists that I still owe 360.00. I tried to call them and work out some kind of payment arrangement. They said that I can only get a payment arrangement if my account falls into collections the only way my account can go into collections is if I fail to make a payment and if I do that then I am charged an overdraft fee from my bank and then I owe the company for a returned fee which then works out to double the payments.
I have tried to reach someone to discuss this situation and I get no help the company says that all the complaints I have read about are from people who have not paid their fees and are upset. The company then tells me all the money I ahave paid to date is nothing but finance fees. So the way this works out is your paying triple the amount borrowed which I feel is entirely unfair and when you call all you get is a recording I sent an e-mail and threatened to stop payment and then someone called me but couldn't help.
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