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This was stated on several different personal loans in bessemer alabama. The individual who was the primary contact was Thaxton. This individual verified in 2009, 2010, 2011, and 2012 that I was on the reduced interest payment plan. I checked in December 2011 and January 2012 and found the lender did not show a reduced interest.
I spoke to Mr. Thaxton and he confirmed and verified that I was in the reduced interest payment plan. Now there is another individual, Ashley, making contact and stating that I am not in the reduced interest payment plan and I never was.
These appear to be false, misleading, and deceitful statements, practices, and policy that Progressive Financial Services is utilizing either in the past or currently.
If they stated that I was in the reduced interest plan and I was not, then I think the interest should be recalculated at the reduced interest and the excessive interest deducted from the balance. I have repeatedly requested everything in writing and Progressive Financial Services refuses to put anything in writing.
WHEN DO I REPAY THE LOAN. Loan repayment terms differ by lender. Thus, it is important to check the loan agreement from your lender for information on the lender's repayment terms. IMPORTANT CUSTOMER INFORMATION. Personal loans differ from other types of loans, such as home mortgages or automobile loans. Specifically, personal loans allow you to spend your money in a number of different ways, whether it's to help pay off medical expenses, make home improvements, repairs to your vehicle or consolidate your debts.