I borrowed $5000 back in April of this year and have the payments debited regularly from my checking account monthly in the amount of $254.03/month. Until TODAY (11/20) I did not know that only $4.00-$5.00 per month is actually going toward principal. To date, I have paid $1,716.58 in interest and only $30.10 toward the actual principal!!! If I continue with this loan, it will take me well over 7 years to pay the principal amounting to well over $22,000.
While on the phone with the representative, they admitted that the interest in "EXTREMELY HIGH" and that they "Personally" would NOT take out a loan with the company! I can understand why!
I recorded this conversation and would be willing to turn it over to anyone who can help put a stop to the financial rape that this company is doing to those of us with less than perfect credit!
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