Took a $2600 loan back in 2014 it is now end of 2017.
I've paid over $9,000 for a $2600 loan. I understand I've signed for it. The interest is ridiculously high. They charge $10.00 for any late payment. I have $1,000 left on the Account. My monthly payment is $220. Now that it's close of being done with payments. Loanmart has asked me if I want to lower my monthly payments to around $100.00?
They've sent me a notice of it and I'm willing to accept. It came by surprise they had to refinance my loan and have added more interest and fees to my total. Which it would be around $1600.00. Why would I lower my monthly payments when I only have few payments left. It's absurd! They are doing the best they can to leave the account open longer. Please someone, anyone do something about this. I've told them I'm now accepting it. And they are continuing sending me the same notice over and over to my email so I can possibly change my mind and accept the lower monthly payments so they have collect more money. This company needs to be close immediately.