The Outlaw Josey Wales
Golden Meadow,#2Consumer Comment
Wed, June 06, 2012
Mochcha or whatever your name is, you have graduated to Team Rebutt status. YEA
MochaG
Springfield,#3Consumer Comment
Wed, June 06, 2012
You need to understand and learn what high risk loan is before you ask for one. It is obvious that you did not understand and did not read their contract when you signed but look at the money you were getting right in front of you.
There are good and bad parts for you. The good part is that they cannot really arrest you whenever they want to that way. It is just a scared tactic to force you to say something. Then later on they can use what you say as an evidence against you.
The bad part is that you did "miss" the payment and already started to accumulate the extremely high interest. Any high risk loan has an outrageous interest rate especially when the borrower misses a payment even once. The interest could go up to 500%, so YES it is possible for a $400 loan to become a $900 loan after missing one payment. Also, you missed the first payment and still DID NOT pay it. Then you missed the second payment again. You, however, convince yourself and think that contacting them by giving them a call is ENOUGH to solve the problem. The real issue is you still do NOT pay them. You already got their money, they got nothing back from you so far. Action speaks louder than words. You do not pay (action) but keep saying that you try to pay (words). The whole situation starts from you not paying them. You shouldn't blame somebody else but yourself in this case.
PS: Giving a reason about their office hour or voice mail is just an excuse. If you have enough responsibility, you would NOT wait until the last minute to do something. Especially in financial world, you should operate whatever you need to do at least 24 hours (business time or weekday) in advance.