- Report: #1000863
Report - Rebuttal - Arbitrate
Complaint Review: American Web Loan
American Web LoanInternet United States of America
American Web Loan I borrowed 800.00 thinking it would be high interest but worth it as I needed quick fix to my finances. Ended up paying back 2000.00 in less than 2 months. Internet
*Consumer Comment: Ask to see what you're getting into...
*Consumer Comment: Read Agreements
*Consumer Comment: "Terms and conditions"
*Author of original report: Response to Angela
*General Comment: "Didn't Know" Your Options
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Every two weeks 240.00 was taken out on my payday. After the fourth time I finally decided to look and make sure that the last payment because I thought 160.00in interest seemed about right, as I had now paid $960.0! When I found the web site and put in my information it showed I still owed 800.00. I called the number to find out what I really owed. The guy told me I was only paying in the interest rate. I was furious and to him I was done and wanted my loan to end! He said I could pay it off today but it would be $ 1040.00!
I asked to speak with his boss since he said there was nothing he could do to help me! "Carla" came on the phone and immediately had an attitude. I was pretty much in tears stating I would never agree to pay 480.00 a month for 7 months on an 800.00$ advance! She said that was what I had agreed to by not going in after one week and paying the loan off! I never knew that was even an option. I tried to explain that to her and she kept telling me I was being rude and should have not agreed if u had a problem paying. I was mortified, I have never felt so taken advantage of! They are awful people and need to be shut down!
This report was posted on Ripoff Report on 01/21/2013 09:02 PM and is a permanent record located here: http://www.ripoffreport.com/r/American-Web-Loan/internet/American-Web-Loan-I-borrowed-80000-thinking-it-would-be-high-interest-but-worth-it-as-I-1000863. 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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