Installment Loan in California

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My daughter, who lives in California, took out an installment loan with Check n Go. The original amount was $2600. She has been paying on it for months at almost $300. every two weeks. She has paid well over the original amount plus interest, but she was told that because it was an Installment Loan, she has no recourse but to keep making the payments every two weeks since she can not pay it in full. Is this correct? Anyone got any ideas or solutions?

I think it is best to contact California Department of Corporations regarding this matter. They can give her the best advice.

Sub: #1 posted on Sun, 07/24/2011 - 22:46

Good Nelly Good Nelly
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Thank you very much! That sounds like good advice.

Sub: #2 posted on Mon, 07/25/2011 - 22:30

tiredandfedup tiredandfedup

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She signed a prom note outlining the terms and interest. Has she re-read that lately??

Sub: #3 posted on Tue, 07/26/2011 - 05:04

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