I have the contract! On september I went to TitleMax the contract clearly states the finance rate will be 9.99% it states "you have the right to make payments in any amount in advance at any time because this loan is fully amortized. If you pay every payment as scheduled, such payment will result in full repayment of the principle and finance charge. Early payments and repayments will decrease the amount of finance charge you pay...
Well here I go: We were sent another contract. Now on 09? 30 the APR is 132.23%/ on 10/17 the APR is 119.97% the interest rate is now 10.99% I have never failed one single payment. On 10/17 Pymt $334.29 Principal=30.30. On 11/17 pymy 334.29 prin.$38.30 On 12/17 pymt 335.00 Prin. 13.56 On 01/19 Pymt $410.00 Prin.$182.10 On 02/18 pymt $410.00 prin 90.89 On 03/19 pymt $510.00 (I wanted to make an extra $100 to the prin) Prin $154.85 Now here's the kicker!!! On 04/19 the payment of $417.00 Prin. 0 and my balanced increased by $63.66. Under interest carry over!!?? And
If this isn't criminal! What is?
0 comments