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Report: #1154973

Complaint Review: sovereign lenders - Nationwide

  • Submitted:
  • Updated:
  • Reported By: susan — cincinnati Ohio
  • Author Not Confirmed What's this?
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  • sovereign lenders Nationwide USA

sovereign lenders I am on social security disability and I have a child. I took out a $1,500.00 loan in aug. 2014 because we needed a place to live. I have been paying them $317.00 a month. I was so excited that my loan would be paid off this august, but when I contacted them about sending me a copy f my contract, they stated that there is a $2000.00 balloon payment due in august. I did not agree to that! I need help fast! I need my car to bring food into the house because I can't walk. Please help me someone! we needed a place to live. I have been paying the loan every month at $317.00 a month. I was so relieved that the loan would be paid off this august, but when I contacted them for a copy of my contract, it has a balloon payment of almost $2000.00 Nationwide

*Author of original report: Count me in for a class action suit too!

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I need help fast! I am on Social Security disability and I have a child. I am widowed. On August 2013 I had to do a title loan from Sovereign because we wee about to become homeless. I took a $1500.00 title loan from them. I have been paying $317.00 a month which has been hard to come up with, but I have never been late. I was so happy to think that in August 2014, my loan would be paid off. I emailed them asking for a copy of my contract and saw that in August, I have a balloon payment of almost $2000.00! I am just sick. That is way more than my monthly income! They are charging me around $6,600.00 for a $1,500.00 loan! If I lose my car I can't bring food home since I can't walk. I did not sign the contract with the balloon payment electronically or otherwise. I need help! Can someone help me?   Susan Cincinnati, Ohio

This report was posted on Ripoff Report on 06/15/2014 12:37 PM and is a permanent record located here: https://www.ripoffreport.com/reports/sovereign-lenders/nationwide/sovereign-lenders-i-am-on-social-security-disability-and-i-have-a-child-i-took-out-a-1-1154973. The posting time indicated is Arizona local time. Arizona does not observe daylight savings so the post time may be Mountain or Pacific depending on the time of year. Ripoff Report has an exclusive license to this report. It may not be copied without the written permission of Ripoff Report. READ: Foreign websites steal our content

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#1 Author of original report

Count me in for a class action suit too!

AUTHOR: susan - ()

POSTED: Tuesday, July 22, 2014

I am going through the same. I took out a $1,500.00 loan in august. I have been paying $316.80 a month for 11 months. Next august should have been my last payment of $316.80, but according to Sovereign, I now have a balloon payment of $1,916.00 due.  That was not in the contract. I cant pay that all at once, and I am disabled so if they take my car, I can't leave my apt. for food or Drs. I need help! If you can help, please email me at jengrms@gmail.com 

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