I applied for a Loan with Plain Green, agreed to one set of terms as listed on the document. I was told I had to repay bi-weekly, so I made my first payment on the due date as stated, and made two payments. My second pay period in the same month, wich would be my third payment towards repaying the loan. The two payments made barely reflected the balance at all. The third payment made, was as if I were making my very first payment. The Finance charges changed repeatedly, it was never the same, as stated in the documentation as agreed. I continued to repay the loan, even though the finance charges changed, the amount to the principal was not even a fourth of what was repayed towards the loan. I questioned the reasoning of this, even the customer service Rep, did not understand. They wanted three times the amount that was borrowed, even though the loan was being repaid at a shorter term. It seems as though the more I paid, the less added to the principal. I don’t understand how consumers can be charged numerous rates, regardless of what was agreed to in the documentation. I don’t see how that is even legal, to charge these outrageous rates. Rates that changes with each transaction, unknowingly to the consumers. This is a scam, that needs to be stopped!!
This complaint and/or review was posted on HolySmoke.org on 14:55 pm, January 15, 2019 (CST) and is a permanent record located at: https://www.holysmoke.org/scam/plain-green-loans-review/.
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