- Report: #1142076
Complaint Review: MaxLend - Internet
Reported By:
brewmaster -
Palm Beach Gardens, Florida,
Submitted:
Updated:
-
Author Not Confirmed
Why?
MaxLend
Internet, USA
Phone:
877-936-4336
Web:
www.maxlend.com
Categories:
Business Rating:
(0)
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MaxLend Max Lend, maxlend.com Deceptive and Fraudulent Practices Parshall North Dakota
I made the loan arrangements for $1,000. A desperate person doing a desperate act. Do not make my mistake and use this service!
First, they tacked on a processing fee and with other charges the total repayment was going to be $1350ish in two weeks. Two weeks later they offered me an extension and indicated that I could pay the amount in 4 payments. They tacked on another $350 processing fee!
Since that time they have been deducting around $450 from my account every two weeks. I went on line today to verify that the last payment has been made and notices that they are calling this an extension and treating the deductions as an interest & fee payment. My account still shows an amount due of $1,150 dollars. Keep in mind that is four weeks they deducted over $1600! The representative clearly told me that they would be deducting in four payments.
If you really need cash, try the Amscott or other pay day loans. They might charge you $55 on $500 for two to three weeks. But that is a lot better than this group.
Here is the problem, what is your recourse? Go to North Dakota and fight against a foreign government (I believe the Native American Nations amount to sovereign nations)?
This amounts to little more than legal (if it is legal) loan sharking. I realize that Max Lend is owned by a group of Native American Nations. But, how do we allow this kind of activity to take place in our country. This kind of activity need to be abolished, the company’s assets seized and distributed to the victims and last but not least the management and owners should be put in jail, serving hard labor (I am not into cushy jails for scum like this).
1 Updates & Rebuttals
Robert
Irvine,California,
No..your real problem is this...
#2Consumer Comment
Sun, April 27, 2014
If you really need cash, try the Amscott or other pay day loans. They might charge you $55 on $500 for two to three weeks.
- You see your problem is that you didn't pay the loan you got back in 2 weeks..you extended it. Just because someone "offers" you something doesn't mean you have to take it.
Unfortunatly I can not tell if you are mixing up payments and weeks. So I can't tell if you have made 4 payments and it has been a month or 4 payments and it has been two months.
As for the solution...pay off the remaing balance and don't extend the loan again..Simple right?
