Report: #1458746

Complaint Review: Nh cash - bedford new hampshire

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  • Reported By: shawnHuebler — larned Kansas United States
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  • Nh cash 169 south river road suite 19 bedford, new hampshire United States

Nh cash I got a loan from them at a Rlc. at 35% interest the loan was $500 they calculate my payment to be $87.00 a mo for the last 2 year now. so as I fig that come up to $2,088. if at 35 % interest. yes I miss a payment or 2 but eve at that a 4 yer loan is $987.00 not what I pay unless that intetest rate is compounded daily .is the only way it will come out this way and loan sharking is against the law last time I check a bank was not aallowed to charge interest compounded daily. stealing bedford new hampshire

*General Comment: Stop right there, you're done

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NH Cash I loan a litte over 2 year ago from them at a rlc line of credit my interest was 35% the loan was for 500 (they calculate My Payment to be 87.00 a mouth for the last 2 year now i pay only 67.00 dolars a mouth as this was the bare mim payment .so at 67 00 dollars a mouth is 1608 for 2yer yes i miss a payment but even at that the math does not come out right  

This report was posted on Ripoff Report on 08/29/2018 04:19 PM and is a permanent record located here: https://www.ripoffreport.com/reports/nh-cash/bedford-new-hampshire-03110/nh-cash-i-got-a-loan-from-them-at-a-rlc-at-35-interest-the-loan-was-500-they-calculate-1458746. 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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#1 General Comment

Stop right there, you're done

AUTHOR: John - (United States)

POSTED: Saturday, December 28, 2019

 "but even if I miss a payment or two...." Stop. The moment you miss a payment, your contracted interest rate changes. You don't need to go on with your whine at that point. Look at your contract. And you missed MORE than one payment, which means your interest rate was adjusted upwards TWICE. The only thing dumber than taking out one of these loans is missing a payment.

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