I had recently gone on here and stated that we had just realized that they were only taking out renewal fees, not actually paying the loan.
So we called them to pay off the amount we owe. On Thursday they are going to take out 350 from the loan that we had borrowed back in November. The charges on top of the 90 dollar payments were going toward what they considered interest and the principle. So although we had payed an extra 95 dollars, only 40 dollars of it actually went to towards the principle of that loan. In total, they have removed 1015 from our bank account on a loan that was for only 300 dollars!
I am fearful that they may try to give us an unauthorized loan now that they have our bank info. I guess the only thing to do is to close our account.
What a painful lesson in borrowing money from these types of companies!
Again, I am going to ask if any one has been sucessful in actually fighting back against this company?