🚀 go-pugleaf

 
> Now we have received offers like this in the past which we promptly
> ripped up and tossed, but I was particularly upset to receive this
> check from my own bank in the guise of some sort of counteroffer to our
> original loan.   To really sweeten the pie, this loan was at the
> astonishing rate of 30% APR !!!

One thing that you could look into is your state usury laws.  Each state
has laws limiting the amount of interest that can be charged on a debt. 
There are certain ways that banks can get around it when it comes to credit
cards but straight loans may be a different story.

These laws are often ignored because the consumer is unaware of them for
instance, in CT, the state maximum is 12%.  As I said credit cards can get
around this with a national charter but, many companies simply say that you
must pay 1.5% per month on any outstanding balance.

Check it out, it's worth looking into.

Bill Webb