Thanks! first of all for listening to me. I was in need of some money to pay off some bills to keep them from being shut off. so I called Wisconsin Title Loans advertised on tv. I took my car in to be apprised by them and they told me yes, we can help you with $800.00. Which, all I really was looking to borrow was $500.00. anyway, borrowed $800.00 and was told that I could pay off the interest which would be $212.89 to be paid by 2/17/00. I made the payment and was told that my balance was $833.39. Well when I went to make the next payment of $212.34
On 3/17/00 I ask'd for the balance, I was told that I yet owed $1,048.39. I asked how do I owed that amount when I made a payment last month. I was told that I have only been paying the interest on the loan and not an actual payment on the principal. I feel that I am been rip-off, because I was giving three months to pay this off, and everything I've paid was toward the interest. Is this right.
The name of the business is Wisconsin Title Loans address is 265 Huson 1407 Coulee Road Hudson, Wi 54016 phone number is (715) 381-6942.
Again, Thank You.