In November of 2011 I took out a title loan for $1000. My minimum monthly payment is $257.50 and it is all interest. It has now been almost a year and a half, I have paid them over $4000 in interest and I still owe them $1257.50 at the end of each month. Then recently I received a renewal contract from them in the mail to renew my loan. What can I do, and is there any legal action I can take?