• Report: #990886

Complaint Review: Loan Max

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  • Submitted: Thu, January 03, 2013
  • Updated: Mon, January 07, 2013

  • Reported By: Jeff — Eau Claire Wisconsin United States of America
Loan Max
Northeastern Title Loans LLC dba Loan Eau Claire, Wisconsin United States of America
  • Phone: 715-833-9419
  • Web:
  • Category: Loans

Loan Max This company took advantage of me abd my family when we were having a hard time. Eau Claire, Wisconsin

*Consumer Comment: Reply to my family was ripped off

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 I was having a hard time and needed money for food for myself and my family, so I went to a auto title loan place.  They won't give me my title back.  I paid the amount of the loan back plus.

This report was posted on Ripoff Report on 01/03/2013 05:22 PM and is a permanent record located here: http://www.ripoffreport.com/r/Loan-Max/Eau-Claire-Wisconsin-/Loan-Max-This-company-took-advantage-of-me-abd-my-family-when-we-were-having-a-hard-time-990886. 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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REBUTTALS & REPLIES:
0Author 1Consumer 0Employee/Owner
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#1 Consumer Comment

Reply to my family was ripped off

AUTHOR: anonymous - (United States of America)

The title that they kept of yours is not even a good title. Once the lien is taken off the title is null and void and a new title number for the new title without the lien is made. That title is no good. As far as being a ripoff. Yes the interest is high but the contract that you signed also showed you that. That is why title loans and payday loans are called highrisk. They are taking a risk when they give someone with bad credit a loan. I myself have taken out payday loans but never talked bad about the places I received them from. They helped me!! They were there for me when a bank wasn't. Because of my bad credit I had to pay a high interest rate. That is not their fault. If it wasn't for them I would have had other bills that would have gone unpaid. As far as them not giving you your title back you should have looked into the laws before you even did a title loan. The law in WI now is the leinholder keeps the title until the loan is paid off. The title you brought in when you did the loan was no longer valid once the lien was put on. The title they received with the lien on was nolonger valid once the lien was taken off so the title is basically a piece of paper and wouldn't do you any good. You couldn't sign the back of it and sell your car because there is no longer a title with that title number. As for the comment I paid the amount of the loan back plus. Anywhere you take out a loan you will pay back the loan amount plus. It's called interest and anyone that gives out loans charges it. I am greatful for places like this, they have helped me out when no one else would and never gave me any grief.
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