Metropolitan Life Insurance Co

[redacted] Mr. [redacted] is seeming to indicate that his 6 payment loan is finished after only 5 payments. On 6.23.16, Mr. [redacted] received a loan for $250 set to make 5 payments of $71.24 and 1 payment of $71.25. The first payment was due on 7.8.16 and the last bi-weekly payment due on 9.16.16. Mr...

[redacted] has made 5 payments thus far on the following dates: 7.7.16 (due 7.8.16), 7.23.16 (due 7.22.16), 8.5.16 (due 8.5.16), 8.22.16 (due 8.19.16), and 9.9.16 (due 9.2.16). As of this submission, his 9.16.16 payment is 11 days past due. In addition his late payments have caused daily interest as permitted by law to accrue so that when the 6th payment is made, there will be additional principal and interest owed. It cannot be calculated except on the date of payment as the interest is daily (each day the balance rises). I would be willing to waive any excess interest and principal remaining after the 6th contractual payment is made as an gesture of good faith whereas only 5 of 6 have been made thus far. In order to do that I would need the final payment of $71.25 to be remitted asap. (Current balance, as of 9.27.16 the balance is $88.71 and rising $.90/day). I will send this response to him as well along with a copy of his contract.