- Report: #981324
Report - Rebuttal - Arbitrate
Complaint Review: Check N Go
Check N Go811 Marina Village Parkway Alameda, California United States of America
Check N Go Took out $3,000.00 installment loan with CNG..Total loan comes to $6,134.88. Made 10 Payments interest paid $2785.00. Principal paid $3000.00. Total paid $5,815.63. If i pay an additional $319.25 . Alameda, California
*Consumer Comment: It's about paying debts
*Consumer Comment: On time
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The banks resfuse to give out loans to these types of custoners, but the payday loan companies gravitate towards them because they can charge the high fees.
Don't really understand it, the government bailed out: the Banks, Automobile industry, Airlines, Oil companies.... everybody..in other countries ...except the middle class Americans. We're the ones that are hurting the most...so when you see us applying for payday loans...we're definitly in need.
Took out a $3,000 .00 to catch up on my bills, have already paid $5,816.00 (with $2,700+ in interest charge s). Loan amount is based on 19 payments totaling $6,134.79.
One more payment of $319.29 & I have fulfilled my agreement. However, at 10 payments I am $319.29 ....but this company says I still owe $2400.00???. That would make this loan almost $8,297.00??? I feel this is just outrageous and need your help..there are others out there in the same situation... What are my options?
Virginia R. Coleman
This report was posted on Ripoff Report on 12/12/2012 09:42 PM and is a permanent record located here: http://www.ripoffreport.com/r/Check-N-Go/Alameda-California-94501/Check-N-Go-Took-out-300000-installment-loan-with-CNGTotal-loan-comes-to-613488-M-981324. The posting time indicated is Arizona local time. Arizona does not observe daylight savings so the post time may be Mountain or Pacific depending on the time of year.
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