Check into Cash, Inc. Consumer Loan Complaint

Check into Cash, Inc. Consumer loan department,

Title loan Charged fees or interest I didn't expect California

I applied for a title loan in -/-/2014. It was not clearly explained to me that you are paying off mainly interest, very little would go toward the loan princiable. For example I pay - only $10.00 would be applied toward the principal, the rest would go to interest. No matter how you pay unless you pay the loan off in huge amounts there is no way you can catch up the interest. Now I am struggling to keep up and have fallen late on the loan. When I make a payment it all goes to interest and none is applied toward the princiable. I talked with the regional director for the - California Check into cash to try and work this situation out and have been threaten with losing my vehicle. I have paid approximately - dollars in interest alone. That is more then I borrowed. I have done all I can to pay this loan back and have come to realize that unless I pay it all at once I will not be able to end this cycle. This company targets people who have credit problems and misleads them to believe they are helping. It is only after you have fallen into there trap that you realize it.