Cory
San Antonio,#2Consumer Suggestion
Mon, April 20, 2009
You were doomed to fail from the begining. You got a $10,000 loan at 22% WITH A $3,995.00 "FEE". It wouldn't have mattered if the equipment had worked or not. I get those or scumbags like those, calling me all the time TRYING to offer me a $100,000 "loan". They have a "hook" into your bank account via your credit card machine so they can debit your bank account anytime they want to, for as much as they want to. At the end of the first year you would have already owed them at least $17,000 or more, not counting any other fees they would have tacked on. If they are suing you for $9,600, how much have you already paid them? Send them a demand letter, return receipt requested, demanding an accounting of all fees and all monies you have paid so far. I suspect they're set up in either Delaware or SD but I bet CA has some laws that might protect you in CA. Consult an attorney, I'll bet that $3,995 "fee" isn't legal on top of that 22%.