- Report: #928207
Complaint Review: ameriloan - Internet Internet
Reported By:
yvette -
antioch, Tennessee, United States of America
Submitted:
Updated:
-
Author Not Confirmed
Why?
ameriloan
Internet, Internet, United States of America
Phone:
Web:
www.ameriloan.com
Categories:
Business Rating:
(0)
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ameriloan did not disclose terms and conditions laon was for 450$ of which I have paid back 405$ not applied to the balance I now owe $585 , Internet
I applied through Money Mutual and they sent my application to Ameriloan they approved me for $450 it was deposited to my account and payment were set up at 135$ every other week I was never given full disclosure of terms and conditions and they set up a user Id and password which I not aware of . I called to find out my balance which is now $585 non of the money paid goes toward the principle amount and I was told I had to pay an additional amount in inclements of $50
and the payment of $135 until I pay it off or pay the balance in full so this loan will continue to increase if I had known their terms I would never had accepted the loan. Their action was unethical and deceptive
and the payment of $135 until I pay it off or pay the balance in full so this loan will continue to increase if I had known their terms I would never had accepted the loan. Their action was unethical and deceptive
3 Updates & Rebuttals
yvette
antioch,Tennessee,
United States of America
Fault not mine
#2Author of original report
Fri, August 17, 2012
Previously I stated that I applied to Money Mutual who sent my information to Ameriloan they deposited the funds into my bank account without contacting me this was done over the internet so did not know of the terms in advance also the reason why I chose to get the short term loan was because I had lost my job two weeks after I purchased a car and my uneployment claim was approved but it took seven weeks to recieve payment and I had used most of my savings for bills and I did try to work with my car lender to no avail being new to Nashville less than 6 months my transportaion was a necessity. Don't be so quick to judge I said from the beginning that the terms were not given to me and that was deceptive and unethical.
The Outlaw Josey Wales
Golden Meadow,United States of America
Ken
Colorado,USA
I have a little different "take" on this loan than you....
#4Consumer Suggestion
Thu, August 16, 2012
" I was never given full disclosure of terms and conditions.."
"if I had known their terms I would never had accepted the loan. Their action was unethical and deceptive.."
How were they unethical and deceptive?
Why would YOU sign a loan without knowing the terms and conditions?
Their interest rate is certainly in the triple digits and you didn't even check before signing up.....the fault here is YOURS.
Sure, their interest rate is astronomical, but YOU have the right NOT to take the loan with them.
Do you always have to deal with sub-prime lenders?
