- Report: #843145
Report - Rebuttal - Arbitrate
Complaint Review: AMERILOAN
AMERILOANInternet United States of America
AMERILOAN At first glance AMERILOAN seems to be the typical payday loan offer. But NOOOOO. Internet
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that the $480 paid for the last 4 paydays has been a finance charge and from here forward I now owe 8 More payments of $170 dollars which is a $50 principal payment and another $120 finance charge.
This is a TOTAL of $1840 dollars paid over six months for a simple $400 payday loan!!!! over $1400 in finance
charges for a staggering 700 percent APR.
How can they get away with this!!!
Then more fine print lets you know that they are operating as a Sovereign Indian tribe and thus you cannot file suit against them!! Please help me stop these con artist. [continued below]....
This report was posted on Ripoff Report on 02/22/2012 07:56 PM and is a permanent record located here: http://www.ripoffreport.com/r/AMERILOAN/internet/AMERILOAN-At-first-glance-AMERILOAN-seems-to-be-the-typical-payday-loan-offer-But-NOOOO-843145. 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.
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