Report: #994257

Complaint Review: The Loan Depot

Submitted: Wed, January 09, 2013
Updated: Wed, January 30, 2013

Reported By: lizintx — Spring Texas United States of America

The Loan Depot

28418 Texas 249 Unit A Tomball, Texas United States of America

Phone: 281) 255-9840
Web: http://www.yourloandepot-tomball-249-2920.com/
Category: Credit Services

The Loan Depot Lost my title, then repoed my car Tomball, Texas

*Author of original report: Loan Depot update

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First I have taken a few loans out with this company, and always paid on time, and paid them off early. I took out a loan months ago for $300. At the time, they told me they had lost my car title, would have to file for a new one, and charged me $5 something for it. I was like I didn't loose the title, but whatever. I have made numerous payments on this loan totalling more than $300. Now I was 9 days late making my payment and they came and repoed my car. They want $475 repo fee plus the late payment to get it back. Never use this company!

This report was posted on Ripoff Report on 01/09/2013 06:14 PM and is a permanent record located here: http://www.ripoffreport.com/r/The-Loan-Depot/Tomball-Texas-77375/The-Loan-Depot-Lost-my-title-then-repoed-my-car-Tomball-Texas-994257. 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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Updates & Rebuttals

#1 Author of original report

Loan Depot update

AUTHOR: lizintx - (United States of America)

SUBMITTED: Wednesday, January 30, 2013

I actually found out for this $300 loan I will pay back $950. Although at the time the people working there said it would be around $600. And they have told me they STILL HAVE NO CAR TITLE. I then made a call to their "complaint dept" where someone was supposed to call me back but never did. Finally after bawling out the girl who worked there a manger finally called me, and told me how they need all kinds of papers from me to get my title again, oh, and he'll refund me back my 5 bucks for the title fee, lol. This company is borderline legal at best. THE LOAN SHARKS is more like it!!!!