ED Magedson – Founder
American Web Loan Does not send you the loan document shoeing total payments and interest rate until you call with questions. Ponca City, OK Internet
I needed cash quickly and knew it would cost me. I was led to believe that a $1,000 loan would end up costing me $1,300 in payments if paid in full within 75 days.
It turns out that the $900 I have paid is just interest and I still owe $1,300. I never received the loan agreement until I called with a question after 60 days.
They claim that I was sent the agreement, but there is no way that this is true. I believe that this is their normal way of doing business. This is a totally unethical and immoral business. The Otoe-Missouria Tribe of Indians should be ashamed!
This report was posted on Ripoff Report on 08/19/2014 06:10 PM and is a permanent record located here: http://www.ripoffreport.com/r/American-Web-Loan/internet/American-Web-Loan-Does-not-send-you-the-loan-document-shoeing-total-payments-and-interest-1170908. 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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