- Report: #1360977
Complaint Review: American Web Loan - Ponca City Oklahoma
Reported By:
Stephanie -
Washington, Dist of Columbia, USA
Submitted:
Updated:
-
Author Confirmed
Why?
American Web Loan
2128 N. 14th St., Suite 1 Box 130 Ponca City OK 74 Ponca City, 20011 Oklahoma, USA
Phone:
(877) 860-7171
Web:
N/A
Categories:
Business Rating:
(0)
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American Web Loan Omission of payments for loans Ponca City Oklahoma
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I was buying a car and need to borrow 1000 dollars and sent application but kept getting denied until American Web Loan and they lent me 1200 and said that I would make bi weekly payment of 254 to pay off my loan but they never stated the interest rate. I still have the agreement I signed and all the agreement stated that payment would be making 254 each paycheck to pay off my loan and I could still pay it off if I paid it all at once. After 3 payment I THOUGHT I should be more than halfway done with the loan payment with maybe two more to go for interest. However I checked and I found out I was paying interest and the principal was only 6 dollars included in the payment. I was pissed because the guy did not tell me it was interest payments and the agreement I signed stated nothing about how high the interest rate is until after I signed agreement and I got a more detailed agreement in my account and Not To my email. I am still paying g off even though I'm struggling worse since I took out this loan. I will have paid over 5000 for a 1200 loan and this agreement was never detailed until AFTER I signed and have Picture of the agreement! Do not use this loan they will rip u off.
