Last month I needed to take out a personal loan for $450 to put towards my rent. My credit is pretty bad due to a lot of student loans in my name, so the only place that would offer me a loan was River Valley. I accepted the loan and have been paying $60 installments each Thursday. When I logged in today to see how much I have remaining, it said that I’m expected to pay over $2000 in $60 installments over 40 payments. Is this normal? I never would have accepted such a small loan if I thought I’d be spending so much money back. I know it’s my fault for not reading the contract fully.
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