FreedomPlu Reviews
Feb 23, 2017
Does Anyone Really Calculate Their Rate?
Anonymous

Sure the process is quick and easy and makes you feel happy once you qualify and can consolidate your debt; BUT is anyone actually looking at all the numbers or just hoping for a quick fix to their financial problems. I applied for a loan of $35,000. I was then told that I qualified for the terms of $1073 per month at 60 months. GREAT!!!  Wait a minute...That means the amount paid off after 60 months is $64,380. Meaning the ACTUAL interest paid on top of the principle is 85% or about $29,000 !!!!!  That is not banking, that is loan sharking !!!!!

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