Robert
Buffalo,#2Consumer Comment
Tue, May 06, 2008
Your loan works out on an amortizing calculator with an APR of about 39.32 percent. After 24 monthly payments you would owe about 9677.79 on the principal. All I can suggest is to keep up your payments and try to improve your credit score enough so that you can get a loan from a normal commercial lender at a more reasonable interest rate. The sooner you get out from under this the better. Also, my figures are based on their standard 120 month payment schedule for a $10,000 loan. Just so you know, after 120 months, you'll have paid them $29932 in interest as well as the original $9975 you borrowed. Unfortunately, only a handfull of States have laws preventing such high interest rates. Good luck.
Robert
Buffalo,#3Consumer Comment
Tue, May 06, 2008
Your loan works out on an amortizing calculator with an APR of about 39.32 percent. After 24 monthly payments you would owe about 9677.79 on the principal. All I can suggest is to keep up your payments and try to improve your credit score enough so that you can get a loan from a normal commercial lender at a more reasonable interest rate. The sooner you get out from under this the better. Also, my figures are based on their standard 120 month payment schedule for a $10,000 loan. Just so you know, after 120 months, you'll have paid them $29932 in interest as well as the original $9975 you borrowed. Unfortunately, only a handfull of States have laws preventing such high interest rates. Good luck.
Robert
Buffalo,#4Consumer Comment
Tue, May 06, 2008
Your loan works out on an amortizing calculator with an APR of about 39.32 percent. After 24 monthly payments you would owe about 9677.79 on the principal. All I can suggest is to keep up your payments and try to improve your credit score enough so that you can get a loan from a normal commercial lender at a more reasonable interest rate. The sooner you get out from under this the better. Also, my figures are based on their standard 120 month payment schedule for a $10,000 loan. Just so you know, after 120 months, you'll have paid them $29932 in interest as well as the original $9975 you borrowed. Unfortunately, only a handfull of States have laws preventing such high interest rates. Good luck.
Robert
Buffalo,#5Consumer Comment
Tue, May 06, 2008
Your loan works out on an amortizing calculator with an APR of about 39.32 percent. After 24 monthly payments you would owe about 9677.79 on the principal. All I can suggest is to keep up your payments and try to improve your credit score enough so that you can get a loan from a normal commercial lender at a more reasonable interest rate. The sooner you get out from under this the better. Also, my figures are based on their standard 120 month payment schedule for a $10,000 loan. Just so you know, after 120 months, you'll have paid them $29932 in interest as well as the original $9975 you borrowed. Unfortunately, only a handfull of States have laws preventing such high interest rates. Good luck.