PEG S.
SCAM
I opened a small account a few years ago and thought oh this would be a great idea to open a larger one and have a little something growing. Well my husband died and I just couldn't afford to pay the 110 any longer. It takes a while for the "dust to settle" when someone dies. So i closed the account and I had paid 1000 in and they took 500 for "interest"!!!!
Reply from CreditStrongOct 28, 2022
Peg - we're sorry to hear about your loss. Our MAGNUM products are designed to build large amounts of credit, and they are long-term products, with 120 month terms. As with any loan, in the early months of the product your payments will be heavily weighted towards interest, and transition towards principal over the term of the loan. You can see the amortization schedule see how your payments are allocated in each year of a MAGNUM plan here: https://www.creditstrong.com/magnum-detail/



