MochaG
Springfield,#2Consumer Comment
Sun, April 29, 2012
These loan companies are out to take advantages of those who have no or bad credit. No one should never expect that they will loan money to people who have good credit because those who have good credit won't get a loan from them. It is a high risk loan, so they can tag on as much interest as they can. If you do not have a problem with credit, never use this type of loan!
Oh the other hand, you should be mad at your own grandson as well. Did he learn from this lesson? Did he have to pay you back for the money you paid to the loan? Well, if you let him go easy, I doubt he will learn anything because he would think that there will always be someone getting him out of his own trouble. He should learn it the hard way -- pay the price he created.