This company is horrible. They fail to inform you about the 99% interest rate they charge you. I authorized them to withdrawl 216.55 out of my account on a monthly basis for a 2575 loan. After a year i contacted them to see what my payoff was and was informed that ONLY 11.00 of my 216.55 goes towards the principle... I still owed well over 2200 to this company after paying them for a entire year. I requested that they stop making automatic withdrawls which they did... Now they harrass and call me at least 8 times a day on my home, and cell phone.
I think it abosolutley ridiculous that they charge 99% on this loan. I understand that I did initiate to borrow the money but it will take me almost 4 years to pay that amount back. Now they are threatening to start an arbitration claim, I honestly do not know what to do in regards to this... I need to seek leagl help. I did request that they send me the documents that i signed off on that shows that the int rate was 99 percent... We will see what happens... in the meantime if anyone has any suggestions or wants to share their story... Please let me know
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