- Report: #1161885
Report - Rebuttal - Arbitrate
Complaint Review: Instaloan
Instaloan TitleMax I took out $500 title loan from the compan y in May of 2013. They manage to pile on enough fees and interest to keep the victim trapped into the loan. A year later I have not been able to get to paying off the principal. I have paid $960. in intersts and fees and now as of August 2014 they add $25.00 investigative fee to each month's payment. I cannot get loff the wheel. ! Jacksonville Nationwide
*Consumer Comment: ok to cheat people with bad credit?
*General Comment: Yes...
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I was in a bind and needed to take a title loan out on my car for $500.00 In a local Instaloan office in Jacksonville, FloridaThat was in May of 2014. As of July 2014 have paid $960.00 in interests and fees and can't seem to get the pricipal paid down. The usual payment each month is around $ 48 to $50.. In July as I paid the fee I was told an additional $25.00 investigative fee would be done each month until the loan is paid off. This traps me into the loan, I cannot get it down. They have the title to my car and can take it if I default. Help !!! Is there anything I can do to get out from under this ?
This report was posted on Ripoff Report on 07/14/2014 11:39 AM and is a permanent record located here: http://www.ripoffreport.com/r/Instaloan/nationwide/Instaloan-TitleMax-I-took-out-500-title-loan-from-the-compan-y-in-May-of-2013-They-man-1161885. 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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