I applied for a loan through daily income, ameri loan picked up my account ($300.00). The customer service rep. Told me the loan pay off will be 390.00 if paid in full. I thought that ameri loan would have took out the whole amount, apparently they did not do so. This loan ($300.00) was applied to my account on August 1
These are the withdrawal so far
8-31-12/ $90.
9-14/ $90.
9-28/ $90.
10-12/ $90.
10-12/ $50.
10-26/ $75.
10-26/ $50.
11-9/ $60.
11-9/ $50.
11-23/ $50.
11-23/ $45.
I spoke to a rep. Today from ameri loan, he told me I was suppose to set up for a full payment withdrawal online or call in three days before the first schedule withdrawal and schedule the full payment withdrawal. So I still have $130.00 left to be paid to ameri loan.
Is this legal? A $300.00 loan, will cost me $570.00 in interest and fees when paid off. Wow. I will never do this again. I will rather stay broke. I wish someone could have warned me.
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