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Installment Loan in California

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Posts: 3
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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?




Good Nelly


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Sub: #1 I think it is best to contact California Department of Corporati
Sun, 07/24/2011 - 22:46

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




tiredandfedup
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Sub: #2 Good Advice
Mon, 07/25/2011 - 22:30

Thank you very much! That sounds like good advice.




SOAPLADY


Debt Samaritan
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Sub: #3 She signed a prom note outlining the terms and interest. Has sh
Tue, 07/26/2011 - 05:04

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




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