Thomas
Anderson,#2Consumer Comment
Fri, June 15, 2007
Didn't you read the terms & conditions and see the horrible interest rate? You did not, correct? If your interest is 'simple interest', i.e. you pay interest only on your outstanding balance, why can't you make double payments which would greatly reduce you total repayment? Letting your account go into collections will not help you at all. In fact you will be even worse off- there will be all sorts of additional fees. Pay it off and NEVER make this mistake again. next time READ and RESEARCH what you are considering BEFORE you do ANYTHING. If you do not understand something, then do not proceed. You must take care of you. Nobody else will.