Debt struggles spark concerns est rate on the loan was nearly 30 per cent, insurance premiums in excess of $2,600 w

Debt struggles spark concerns est rate on the loan was nearly 30 per cent, insurance premiums in excess of $2,600 w

Seven years after Donna Borden borrowed $10,000 from CitiFinancial, she says she had made $25,000 in payments — and was still no further ahead.

She complained to regulatory authorities, went to credit counseling for help. But nothing seemed to make much of a dent in the loan.

The interest rate on the loan was nearly 30 per cent, insurance premiums in excess of $2,600 were added to her debt, and Borden alleges the loan was then “flipped” numerous times for reasons she says are unclear to her. Continue reading “Debt struggles spark concerns est rate on the loan was nearly 30 per cent, insurance premiums in excess of $2,600 w”

Debt struggles spark concerns est rate on the loan was nearly 30 per cent, insurance premiums in excess of $2,600 w

Debt struggles spark concerns est rate on the loan was nearly 30 per cent, insurance premiums in excess of $2,600 w

Seven years after Donna Borden borrowed $10,000 from CitiFinancial, she says she had made $25,000 in payments — and was still no further ahead.

She complained to regulatory authorities, went to credit counseling for help. But nothing seemed to make much of a dent in the loan.

The interest rate on the loan was nearly 30 per cent, insurance premiums in excess of $2,600 were added to her debt, and Borden alleges the loan was then “flipped” numerous times for reasons she says are unclear to her. Continue reading “Debt struggles spark concerns est rate on the loan was nearly 30 per cent, insurance premiums in excess of $2,600 w”

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