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  • Report:  #1227909

Complaint Review: Lonestar Title Loan

Lonestar Title Loan The company went from one month loans to six month loans, meaning you pay double of what you owed now. My balance was about $4000, but now I will owe about $8000 due to the interest being calculated at six months. Duncanville Texas

  • Reported By:
    Marcela — Duncanville Texas USA
  • Submitted:
    Sat, May 09, 2015
  • Updated:
    Sat, May 09, 2015
  • Lonestar Title Loan
    442 E. Camp Wisom Rd.
    Duncanville, Texas
    USA
  • Phone:
    800-324-4061
  • Category:

 This company switched their interest from one month to six months. For example, to pay off a loan at one month would amount to $2000 . Taking that same loan to a six month would amount to $4000, double of what you owed them. This occurred without any notice to their customers who are already struggling to pay the one month interest. Now we will struggle to pay double that. If we don't pay double, we will lose our vehicle.

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