Internet Loan
Date: Wed, 08/11/2010 - 10:06
Submitted by Rayna Beauchamp
on
Wed, 08/11/2010 - 10:06
Total Replies: 2
I live in California and have a loan through Think Cash an internet company. I missed one payment but have since then have been paying my regular monthly payments. I just haven't made up the missing one yet. It seems like every month my final pay off date gets moved back a month. As it is right now. By the time it is paid off I would have paid $4,680 for a 1,000 dollar loan. thats IF the final date stays the same which it won't. Is that legal ? That doesn't sound right to me ! !
Think Cash is a legal installment loan which is not governed by
Think Cash is a legal installment loan which is not governed by PDL laws. Hope someone with more knowledge on this matter will help you.
Your final payment date will continue to move until you make you
Your final payment date will continue to move until you make your make-up payment from the one you missed. Think Cash/FBD charges huge interest fees. It's legal - although not necessarily ethical.