This ia my 2nd loan with them. The 1st one was great because I worked with Bethany at the watt ave store. This loan has been nightmare as Bethany has not been there. I had a financial issue and was short on one payment. I have paid all but 33. 00 and now a young punk kid called me yesterday and threatened to have my car repossessed over 33.
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In personal loan with low fico opinion, Justice French explained that the MLA provides for either interest-bearing or precomputed loans.
Scotts loan was interest-bearing. The relevant statute in the MLA defines an interest-bearing loan as a loan in which the debt is expressed as the principal amount and interest is computed, charged, and collected on unpaid principal balances outstanding from time to time. While precomputed loans are required by law to be repaid in monthly installments, the MLA statutes governing interest-bearing loans do not include a monthly installment mandate, Justice French wrote.
The General Assembly could вЂ¦ have included a separate provision in the MLA that specifically requires that interest-bearing loans be repayable in multiple installments, just as it did with precomputed loans by requiring monthly installments, she reasoned. [I]t did not do so.