August 2016, I borrowed $4,000, from a title loan
company. They assigned the first day of every month as my payment date of $480. The first payment was made, however I informed them that because I am on a fixed income (social security and Veterans disability), I was not possible to pay on the first of every month going forward. I let them know that I could make the payments on third Wednesday of every month instead. I was told that it was okay. so that is when I made my second payment and every other payment of $480, for a whole year. On September 2016 I went to the to make what thought my final payment, only I found after paying $480, per month on the loan, I had paid less then $400, for the entire 12 months.
JA: Because laws vary from place to place, can you tell me what state this is in? I'm not sure of the exact price, but there's only a $5 deposit. The rest of the price information will be on the page I send you to.
Customer: I meant that I took out the loan in August 2015. I am senior on a fix income and feel that I have been taken advantaged of. I am now paying the same $480, per month for another year. I have been told that since the contact was that payment were to begin on the first of every month, my telling them that I can only make the payment on the third Wednesday of every month, did not matter. Even though I made the payments. I was told it did not matter that I made the payments to as I said I would, they told me that they could not change the original due date since it was in the contract
. I have already paid more the $8,000, for the $4,000 loan (and still paying). Is there something that can be done?
JA: Has anything been filed or reported?
JA: Anything else you want the lawyer to know before I connect you?
Customer: I think that's all.