Hello I live in CA and I have paid off several loans and am currently paying off two, one from plain green loans and the other great plains lending.
1. The names of each of your lenders
1/4/2012 Plain Green/ Principal $500
1/27/12 1st payment of $93.38
3/30/2012 Last pmt, paid in full $430.65 /Total Paid $897.55 /Interest Paid $ 397.55
2/13/2012 Great Plains/ Principal $800
2/24/2012 1st payment of $127.87 x 4= $511.48
4/5/2012 Last pmt, paid in full $720.44/Total Paid $1231.92/Interest Paid $ 431.92
4/3/2012 Plain Green/ Principal $800
4/17/2012 1st payment of $902.58
4/17/2012 Last pmt, paid in full $902.58 /Total Paid $902.58 /Interest Paid $ 102.58
Loan 4/Current Loan
04/16/12 Great Plains / Principal $900
05/04/12 1st pmt / $129.87 x 5 = $649.35 paid so far (as of 7/5)
Leaves $250.65 / $129.87 = 1.93 payments
What they want: $129.87 x 19 = $2467.53 / Interest $2216.88
Loan 5/Current Loan
04/24/12 Plain Green / Principal $800
05/04/12 1st pmt / $115.31 x 5 = $576.55 paid so far (as of 7/5)
Leaves $223.45 / $115.31 = 1.93 payments
What they want: $115.31 x 15 = $1729.65 / Interest $1506.20
2. How you obtained the loan (internet, storefront, etc.)
3 What state you live in
4. How much was deposited by each lender
(if you've had and repaid multiple loans prior to this one, add them all together)
5 Loans for a total of $3800 since January 2012.
5. How much you've been debited by each lender
(again, if you've had multiple loans, do the math and give us a total)
On the current Plain Green loan, Iâ€™ve paid 5 payments so far, totaling $129.87 and the current Great Plains one I've pain 5 payments of $115.31 (as of 7/05)
The first 3 Loans total $2100. I paid a total of $3032.05,($1800.13 to plain green and $1231.92 to great plains), Which means I paid $932.05 in interest over the course of 4.5 months.
The 2 currents loans total $1700. I've paid a total of $1225.90, ($649.35 to Great plain and $576.55 to plain green)
Total to date $3800 loaned out and $4257.95 paid back
Great Plains Lending- $1700 paid $1881.27
Plain Green Loans- $2100 paid $ 2376.68
6. Details of any communication you've had with the lender
7. Any additional question(s) specific to your situation
I'd like to know what options i have available to me and the best way to proceed. Since i have paid the toatl amount loaned to me by both lenders in interest from previous loans, should i tell them that's good for everything and put a hold on them. Or should i pay back the principal on the current ones and ask for a refund fromthe previous? Which would be the fastest and easiest solution since I am looking to put this mistake behind me in life.
I would really appreciate your advice. Thank you.