Southern Chemical and Equipment LLC
Sarasota,#2Consumer Comment
Mon, October 17, 2011
The OP is obviously uneducated, and borderline illiterate, so that explains the confusion.
And, the "principal" is the amount you borrowed. Re-read what you wrote. Doesn't make any sense at all.
And, payday loans are ALL bad.They are designed to keep broke people broke.
It is a game you cannot win.
You have to be stupid to take out payday loans, and even more stupid to give someone you don't know access to your bank account!
coast
USA#3Consumer Comment
Sun, October 16, 2011
"they advise that the only way I will be able to pay this off is to pay it in full. This is not how payday loans work I know cause I have another one out with another company and they only charge a little every two weeks"
The first question on the Pepper Cash web site FAQ section conflicts with your statement"
Q: When will the loan be due?
A: Generally, on your following payday or you may pay the finance charge and extend the loan until your next payday.