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First Federal Finance Inc

969 Memorial Blvd
Picayune, MS 39466
(601) 798-6001

Categories:Personal Loans

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    Wednesday, Apr 11 4:36am

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      linda timmons

      1 Reviews
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      Thursday, Sep 22 2:27pm

      From Local.com

        First Federal Finance Inc

        First of all be sure that you take your magnifying glass with you when you go in to sign your loan papers. They will not tell you that they use the "Rule of 78" to figure the interest on your loan. This makes a big difference in the amount of interest you pay if you pay it off early. You pay higher interest in the early part of your contract than at the latter part. Research the Rule of 78!! My husband and I worked hard to pay off a 24 month loan so we could save interest costs but when we went to pay it off in 4 months they told me that they figured the loan interest by the "Rule of 78" and the interest cost was more than what I had figured it would be. MORE THAN DOUBLE!! My husband paid the loan off and they stapled a receipt to the contract but REFUSED to stamp or write PAID on the contract. I cannot understand why they would not do this. Makes me nervous! NEEDLESS TO SAY I WILL NEVER DEAL WITH THIS COMPANY AGAIN AND ADVISE YOU TO BEWARE. Linda Timmons I was required to rate this company so I had to give it a one star. Make it -one star

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