Client Review on Brookwood Loans

Feedback:

Brookwood gave someone I know a loan of $3250 with apr of 59.00% terms are 36 months how in the hell you end up paying them back right under $7000 by the time you are done? How does their math works? If you pay back your 3250 AND on top of that you pay them $3745 and change ? Isn't that little over 100% interest?! On Monday I will report and ask BBB for investigation of their practices! This person made 10 payments of $194 ($1940) and apparently owes $3067 from MF $3250 balance/amount borrowed....I will NOT stop until I see some change of these hooligans do the right thing.

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