- Report: #991239
Complaint Review: Midwest Title Loans
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| Midwest Title Loans 3718 39th Ave Dr
Moline, Illinois United States of America |
|
Midwest Title Loans HELP! Moline, Illinois
*Consumer Comment: That is excessive interest
*Author of original report: 304%
*Consumer Comment: Your math is terribly flawed
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a friend of mine signed away her life and car to Midwest Title Loans.
(Yes, I have already reemed her for doing this!!)
She borrowed $500 and has already made 2 payments of $130. To get out of this shit-hole she has a pay off of over $600!! 304.17% interest.
How the hell is this even legal still??
... grrrrrrrrrr!!
I offered them $300 to buy it out, and they said I was being unreasonable.
This report was posted on Ripoff Report on 01/04/2013 10:59 AM and is a permanent record located here: http://www.ripoffreport.com/r/Midwest-Title-Loans/Moline-Illinois-/Midwest-Title-Loans-HELP-Moline-Illinois-991239. 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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Search Tips#1 Consumer Comment
That is excessive interest
AUTHOR: coast - (USA)
SUBMITTED: Monday, January 07, 2013
Yes, that is an exorbitant interest rate.
#2 Author of original report
304%
AUTHOR: Pam - (United States of America)
SUBMITTED: Monday, January 07, 2013
#3 Consumer Comment
Your math is terribly flawed
AUTHOR: coast - (USA)
SUBMITTED: Saturday, January 05, 2013
$500+300%=$2000 NOT $860
$130+130+600=$860 $860-500=$360 $360/500=.72 .72x100=72%
