- Report: #345665
Report - Rebuttal - Arbitrate
Complaint Review: Express Check Advance Of VA
Express Check Advance Of VA11o6 West Mercury Blvd Hampton, Virginia U.S.A.
Express Check Advance Of VA Auto Title Loan Deception Hampton Virginia
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To make a long story short, I made my first monthly payment the following month as required to the same customer rep. The second month, I was given a phone call reminder by another female customer rep. and after some small talk about what time I would be in, she asked how much would I be paying when I came in. I answered that I was bringing $106.00 0r maybe $150.00.
She stated that my monthly payments were $500.00 per month and that I would be short. After discussion she said although $500. is not written as a monthly payment in the contract, it figures out to be that much according to the 204% APR or .056% per day rate. and I should have calculated that out before taking the loan.
I was devastated and felt deceived because I never heard of a contract that doesn't plainly print out the monthly payment. Bottom line is that I'm stuck with a loan that adds $450.00 interest per month to the balance amount. Last I checked,after paying four 106.00 payments, my bal owed was about $3,700 and my car was retrieved during the night.
This report was posted on Ripoff Report on 06/29/2008 07:23 PM and is a permanent record located here: http://www.ripoffreport.com/r/Express-Check-Advance-Of-VA/Hampton-Virginia-23666/Express-Check-Advance-Of-VA-Auto-Title-Loan-Deception-Hampton-Virginia-345665. 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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