First I want to let all know I got behind after 4 payments of $260.00 for a $600.00 loan which I only asked for $300.00. They take payments out before date of your pay which ODs your account. So if a payment gets returned they turn around & charge another $50 which ODs your account again! So this is the Best way to get out of this. First they DO not report to a credit agency, good to know. After 4 payments they took out the 5th before payday whic bounced my account then they took out another &50 without my knowledge again so that was considered 2 payments turned back. I was upset at first then found out the don't report to credit agencies so they turn your account over to a collection agency & they can't report to c agency because original loan didn't. So my interest stopped there Thankfully! Still owed $800 but made pmt arrangements of $200 every payday & Finally got them paid off! If you don't pay any interest you can drag this loan Forever they only require 10% towards principle every 5 payments. I couldnt keep up. So let it go to collections & there will be an end! Still for $600 ended up paying total of almost $2000 back with all my NSF fees. Better than it still going on every 2 weeks paying $260 for only interest!
0 comments