ED Magedson – Founder
Mobilloans Mobilloans is a ripoff, supposed to be 1 payment, takes two and increases fees. I am not paying the rest of it off as i already did when they were taking two payments, but saying these are fees. My God a 500 loan extends into thousands Internet
I borrowed 500 from Mobil loans from the internet. I was told they would take a 1 a month payment from my account. They took two. I would get a email notice stateing my next payment was due everytwo weeks. Then i got a email that states the finance fees were going up and would be added in. I have paid and paid and feel i am done and refuse to pay anymore. I have stopped the payments from coming out of my account and feel this is a illegal way to do business. A 500 loan turning into thousands of doallrs of repayment.
This report was posted on Ripoff Report on 02/23/2014 12:31 PM and is a permanent record located here: http://www.ripoffreport.com/r/Mobilloans/internet/Mobilloans-Mobilloans-is-a-ripoff-supposed-to-be-1-payment-takes-two-and-increases-fees-1125875. 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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