LoanMax Title Loans TOTAL RIP-OFFS AND LIARS Mechanicsville Virginia
line pay day loan place. I was told it would be SOO much more financially beneficial to go with them, due to the interest rate ONLY being 14% PER MONTH.
After deciding to go with them, I made payments for two months, afterwhich I received my FIRST receipt that was correct, as I was given SOMEONE ELSE'S RECEIPT THE PREVIOUS MONTH!!!! (I didn't notice this, as it was around the amount of my loan, but I didn't notice that it didn't list MY name!! I mean, that's one thing you shouldn't have to verify!!!
That's when I was told that each month, there was either $80 or $60 applied to my loan, and it alternated each month. Well, I just called because I finally got the amount of money I need to pay the d**n thing off, and some "substitute" manager tells me that my balance is LITERALLY ONLY $72 LESS THAN MY ORIGINAL LOAN AMOUNT, AND I'VE BEEN PAYING ON IT FOR 4 MONTHS!! (loan amount, $1,000, loan payments, $153.00) You do the math!! Plus, this substitute manager tells me that NEITHER $80 OR $60 was the amount applied to the principal of the loan, it was ONLY $40!!! HOWEVER, THAT DOESN'T EVEN ADD UP!!! So, I went online to find someone at a "home office" to call, and I can't even find a telephone number to anyone!! My ONLY option is a location!!
Oh, and by the way, one month I was late making my payment, due to MORE car repairs, and boy did their demeanor change!! The nice, sweet, funny manager turned into satan himself!! She threatened that EACH DAY I WAS LATE WAS $30 IN INTEREST ALONE!!! This wasn't true, but that's exactly what she THREATENED!! I called every other day to let them know what the status was, and she was a total BIAtch.
Look, I understand if you need money for rent, car repairs or whatever....just do yourself a favor...FIND SOME OTHER WAY TO DO IT!!! You DON'T WANT TO BORROW FROM THESE PEOPLE!!! H***, even an on line pay day loan would be better than these crooks!!!!
3 Updates & Rebuttals
Crystal
Mechanicsville,Virginia,
TitleMax Title loans....NOT LOAN MAX!!! SORRY!!!
#4Author of original report
Sun, April 20, 2014
My bad....they all sound the same and from what ive found on this site, they all ACT the same. But for MY situation. ...it was TITLE MAX TITLE LOANS. Gotta make sure its accurate, as the rest of my story is!!!!
Robert
Irvine,California,
By the way?
#4Consumer Comment
Sun, April 20, 2014
LITERALLY ONLY $72 LESS THAN MY ORIGINAL LOAN AMOUNT, AND I'VE BEEN PAYING ON IT FOR 4 MONTHS!! (loan amount, $1,000, loan payments, $153.00) You do the math!!
- Yes let us do the math. You agreed to a $1000 loan at THEIR terms paying back $153/month. You agreed to a 14% per MONTH interest rate that comes out to about 168% Annual Percentage Rate.
It is very interesting how after complaining about how much money was going to the balance, you just happen to throw in "by the way" that you were late one month. That alone is where most if not all of your payments went. There was NOTHING in your agreement that said you could pay only when you could. No, even if you have double the car repairs..you will owe them their money.
Yea, it is really no wonder why you ended up with a Sub-Prime lender. You are a Sub-Prime borrower who does not understand what "credit" really is and thinks that you get to make/change the rules at your own whim.
Tyg
Pahrump,Nevada,
Deadbeat lender....
#4General Comment
Sat, April 19, 2014
No the problem is that you went with a deadbeat lender and that is all. They have these HIGHLY aggresive tactics when you dont pay yourbill ontime BECAUSE they lend to DEADBEATS!! And deadbeats have already shown thatthey have a HISTORY of either late or no payments. Thier own credit is what has gotten them into this situation, much like YOUR credit got you into this situation. If you were able to go with a REPUTABLE lending institution then you would have had a better rate. Places that do a payday loan/ title loan ect charge such a high rate because of the very same clients that wish to borrow from them. YOU have not been ripped off because despite WHAT you THINK was told to you, they can ONLY go by the terms and conditions of the loan contract you signed.