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  • Not vetted for CNN

    • Click to view iwantmymoney's profile
    Posted February 4, 2009 by
    iwantmymoney |
    Location
    Pomona, California
    Assignment
    Assignment
    This iReport is part of an assignment:
    Ask CNN's Ali Velshi

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    Ron and Irma Hardin

    By iwantmymoney  |  Posted February 4, 2009  |  Pomona, California
     

     

    My husband and I have a Beneficial acct. that was opened  10/30/06 in the amt. of $10,000 at an monthly per. rate of 24.92%.  We have made payments on time since then, We last made a payment in Jan. in the amt. of $363.00.  The finance charge was $224.18.  Our previous balance after two years of making timely payments was $9,496.35 and with a new balance of $9,457.53 after Jan.'s installment.

     

     

    I have read and re-read the loan ageement and and it does not state anywhere why such a high finance charge is debited to our acct. making it impossible to payoff.  \

     

     

    Beneficial is our neighborhood loan shark.

     

     

    Ali Velshi please help!  ali_velshi economy

     

     

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