to them.. Ez money loans!? Ok i needed to pay the rent for the coming month so my husband took out a loan for $775 .. The Finance charge was gonna be $ 156.91 APR being at 821.11% Therefore the total of payments were gonna be $ 931.91 .. Okay this is my payment schedule; One payment of $776.91 to lender on 3/11/10 and one payment of $155.00 to CSO on 3/11/10 as well.
I took out the Loan on 3/2/10
I went back 3/5/10 and gave a payment of $231.91 , Obviously i still have time cause its not the 11th, the lady made me a copy stating that i owed $ 842.49 for the 18th of this month! I dont know how she did that but since i was in a hurry i didnt see!
I believe she renewed the loan so the paper states as the following; amount financed $700, Finance Charge $142.49 with the APR of 571.53 % Total of Payments $842.49!
My question is was she suppose to do that since the payment was due on the 11th(today) or was the $231.91 suppose to go to the principle. I believe she is charging me the finance charge again but i had gone on the 5th so i still had time Right? please help me i am pregnant and stressing with this and i dont wanna get ripped off, i barely have for this loan after we are gonna go back to owing rent for the month of April !! thank you so much!
I took out the Loan on 3/2/10
I went back 3/5/10 and gave a payment of $231.91 , Obviously i still have time cause its not the 11th, the lady made me a copy stating that i owed $ 842.49 for the 18th of this month! I dont know how she did that but since i was in a hurry i didnt see!
I believe she renewed the loan so the paper states as the following; amount financed $700, Finance Charge $142.49 with the APR of 571.53 % Total of Payments $842.49!
My question is was she suppose to do that since the payment was due on the 11th(today) or was the $231.91 suppose to go to the principle. I believe she is charging me the finance charge again but i had gone on the 5th so i still had time Right? please help me i am pregnant and stressing with this and i dont wanna get ripped off, i barely have for this loan after we are gonna go back to owing rent for the month of April !! thank you so much!