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Report: #1214631

Complaint Review: Blue Trust Loans - Hayward Wisconsin

  • Submitted:
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  • Reported By: Anonymous — Los Angeles California USA
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  • Blue Trust Loans LCO P.O. Box 1754 Hayward, Wisconsin USA

Blue Trust Loans Be Careful with this company Hayward Wisconsin

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I decided to get a loan from this company because I had some financial issues during the holidays. I won't go into detail but I was in a difficult spot and figured a loan was my only option. Huge mistake! There were many other companies that I could have used or other options but needless to say I went with this company because the loan process was fairly simple and the money deposited the next day. Let me break down  how much I have paid or will pay for this loan:

Initial Loan Amount $500

What I have paid to date $675.00

Amount to date towards principal amount $52.32

Now if these numbers sound incorrect, they are not. I just called to confirm. This means I have paid $675 and only $52 has gone towards the loan amount. In the end I will end up paying almost $1500. My initial reason for the call today was to find out how much I still owed (thinking it was probably pretty low) but I will do my best to get this paid off as soon as possible. I couldn't belive after paying almost $700 that only $50 had gone to the principal. Now if that isn't a rip off I don't know what is.

This report was posted on Ripoff Report on 03/10/2015 10:12 AM and is a permanent record located here: https://www.ripoffreport.com/reports/blue-trust-loans/hayward-wisconsin-54843/blue-trust-loans-be-careful-with-this-company-hayward-wisconsin-1214631. 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. Ripoff Report has an exclusive license to this report. It may not be copied without the written permission of Ripoff Report. READ: Foreign websites steal our content

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