Astounding. I am this week in a sick, terrifying battle with RPM lenders in Oakland. I have a two month old loan of $2600. I am current, in good standing, paying 183% interest, $426.56 per month.
Oh, that's not the bad part.
One week ago my car got towed because I parked badly. (In San Francisco being towed is about as common as getting food poisoning. Equally pleasant.) RPM Lenders sent their repo men to the city facility and took the car. I have not seen it since. Again, I have not missed a payment, they have not accused me of missing a payment or being late, and I was in good standing. They did not try to contact me. They took the car, valued at $11,000, a Volvo, because they wanted it, and they can. In the contract it says so. My god.
I can retrieve it when I pay $5991.
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