What is the name of your state? Indiana
I am not sure if if this is the right thread for this question, but here are the terms of a "'payment plan": You will be charged 9.9% interest for the loan. So far so good. You can stretch your payment over as so many months, the lower the payment the longer the months. Still ok. If you miss a payment your interest will go up to 20%. Hard to swallow but still understandable. Now here is the part that I am not sure if it's legal. Not only does your interest go up to 20% but you REVERT BACK TO THE VERY BEGINNING OF THE LOAN and start all over again.
Not for me, man!
I am not sure if if this is the right thread for this question, but here are the terms of a "'payment plan": You will be charged 9.9% interest for the loan. So far so good. You can stretch your payment over as so many months, the lower the payment the longer the months. Still ok. If you miss a payment your interest will go up to 20%. Hard to swallow but still understandable. Now here is the part that I am not sure if it's legal. Not only does your interest go up to 20% but you REVERT BACK TO THE VERY BEGINNING OF THE LOAN and start all over again.
Not for me, man!