Paying Interest

[tloliver1]

My jurisdiction is: Georiga

Can a loan company apply all your payments to the principal and then force you to pay the interest in the end?

T-

 

[KidsNurse]

The loan company can legally do whatever you agreed to when you signed the contract. What does your contract say about principal, accrued interest, prepayment, penalties, and the like? Is this a loan for material goods (vehicle, computer, etc.) or is it a PayDay Loan type of thing?