ED Magedson – Founder
American Web Loans Payment amounts alleged to include payment on loan and did not; will not provide copy of loan documents and never have Internet
I requested and was approved for an 800 dollar loan in January. I was told payments would begin on next paycheck. PAYMENTS. They said they would email documents. I received a link to the documents, I would log in as a returning customer and they have never ever been available.
I have emailed and I have called. The only way to get someone is to act as if you are requesting a new loan, then you get transferred and dropped. I have done this numerous times. I have paid 240 every 2 weeks since January which means I have paid 1920.00 to date.
I understand interest rates on these types of loans are high but the rate would not have been paid long if the payments were made from the 240 per bi-weekly paycheck.
I need help making them cease and desist. That 480 could have been saved to make the 800 payment in full faster...
This report was posted on Ripoff Report on 04/30/2014 10:09 AM and is a permanent record located here: http://www.ripoffreport.com/r/American-Web-Loans/internet/American-Web-Loans-Payment-amounts-alleged-to-include-payment-on-loan-and-did-not-will-1142937. 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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