Ripped off
Date: Mon, 03/07/2011 - 15:29
Hello , On 12/24/10 I took out a $300.00 interest loan from BMAC , I don't know what it stands for , however I had never used these services before so I was a little confused about the terms .
As it turns out I was being charged $50.00 every 2 weeks in interest , I thought it was going toward the balance , when I realized it wasn't I payed the loan off on 03/04/11, thats after paying $300.00 in interest . also I was given the money in cash .
Is that legal ? I live in Chicago IL .
Thank you , M.
As it turns out I was being charged $50.00 every 2 weeks in interest , I thought it was going toward the balance , when I realized it wasn't I payed the loan off on 03/04/11, thats after paying $300.00 in interest . also I was given the money in cash .
Is that legal ? I live in Chicago IL .
Thank you , M.
You've been paid in cash!!! Quite surprising as the lender norma
You've been paid in cash!!! Quite surprising as the lender normally transfers the money to the checking account of the borrowers. Your best bet - contact an attorney and discuss the matter with him/her.
