- Report: #1190151
Complaint Review: American Web Loan -
-
Author Not Confirmed
Why?
American Web Loan
USA
Phone:
877-636-1353
Web:
www.americanwebloan.com
Categories:
Business Rating:
(0)
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American Web Loan Do Not Do Business With Them! They charge 768% in Interest! Ponca City Oklahoma
Do not do business with them!!! They are predatory lenders charging 768% in interest. I am paying $300.00 a month for fifteen (15) months ... yes 15 months! My Five Hundred Dollar loan is going to cost me $2,500.00!!!! That is Two Thousand Dollars ($2000.00) in interest!!! I think a class action suit is mandatory in order to put these predators out of business. Can anyone help, or advise as to the best possible way to stop these, for lack of a better word, people?
We were told when we took out the loan that the total payback amount would be $600.00. The next amount being deducted from our account will satisfy that amount. Therefore, they should not be taking money out until May, 2015. Three Hundred Dollars ($300.00) a month for fifteen months? For a Five Hundred Dollar ($500.00) loan?? My gosh... I should have just had my utilities turned off. I would have been better off than I am now ... I honestly don't know what to do. Please help. Do not go through them at ANY cost!!
