Randy
Joliet,#2Consumer Suggestion
Sat, April 28, 2007
Dear loanee,On the payday loan agreement you signed a paper stating they would deduct the refinance charge from your account until you pay off the original loan amount.It doesnt matter if the refinance charges eventually add up to more than the loan,every time the payoff date nears they send you a reminder it's due and in that reminder it also states that if you don't pay it off or respond the loan will automatically be renewed.They keep refinancing it because your not paying off the original loan.Maybe you should pay more attention to the paperwork you sign when applying for a loan,you agreed to those terms.