Sun Loan Company Consumer Loan Complaint

Sun Loan Company Consumer loan department,

Installment loan Managing the loan or lease Missouri

On - -, 2015 I borrowed $1000.00 from Sun Loan Company in - -, Mo. to be repaid in 14 monthly payments at a rate of $ 158 monthly at a annual percentage interest rate of 67.03 %. When I realize what this loan would cost me in interest, I called the company in -, 2015 requesting a payoff of the loan. The figure they quoted me seemed way high so I send the monthly payment in for -. 2015. I called the company again on - -, - expressed my displeasure on the payoff they gave me and request a manage call me and give me another figure. The lady on the phone told me she was the assistant manager and gave me a figure of $1300.00 and told me the payoff would be good for 10 days from this date, but she stated I owed $30.00 plus dollars for late charges. I immediately mailed in the check for $1300.00 to Sun Loan Company and as of today my check has not been cashed by my bank. Instead I have been receiving daily calls from Sun Loan Company representatives telling me to call their office as soon as possible to discuss my delinquent account and today I recei9ved a nasty letter from Sun Loan Company threating to take collection action against me if I do not get my past due account current. They also state in the letter I received that my credit rating will be effective if I do n't communicate with them.