Complaint Review: The Money Store HomeEq

I got my home refinanced through the Money Store in Feb. 2000. The equity line was put on it in the amount of $12000.00 I remodeled and used the equity line. I have used it very little and the amount I owe is 12,078.04. I have paid anywhere from $85 to $100 per payment since March 2000. All of thepayments I have been making all go to interest or just about all of it. The amount still owed 12,078.04 They sold my first mortgage to American General, Bristol, Tenn., but changed their name to HomeEq from the money store.

There is something wrong with the principal they take out on me and the amount of interest. You would never get it paid off this way.

I really think they are ripping me off in some way,I can't put my finer on it, my balance wouldnt still be that high. You would pay for a lifetime and still have the same balance..

Phyllis
Bristol, Virginia