• Report: #1044235

Complaint Review: Title Max

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  • Submitted: Thu, April 18, 2013
  • Updated: Mon, April 22, 2013

  • Reported By: MKRAFT — Summerville South Carolina
Title Max
1107 N Main Street Summerville, South Carolina United States of America

Title Max My car was stolen and they have contunued to charge me interest on a car I no longer have. There charging me interest until the Insurance co pays them off. Summerville, South Carolina

*General Comment: Yes of Course MKraft, there are several reports against us on RipOff Report

*Author of original report: Title Max Rip Off and Loan Shark Company

*Consumer Comment: Comments

*Author of original report: Title Max Rip Off and Loan Shark Company

*REBUTTAL Owner of company: I also pray

*Author of original report: Title Max

*UPDATE Employee: Your interest will continue to be added until you pay off the loan

*Author of original report: Title Max

*Author of original report: Titl Max

*Author of original report: Title Max

*Author of original report: Title Max

*UPDATE Employee: Open Letter to MrSubPrimeBorrower

*Consumer Comment: Doesn't matter

*General Comment: Nope Wrong

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My car was stolen on 3-29-13. I reported it to the police and to Title Max about the car. Title Max has continued to charge me interest on the car that I do not have possession of. My loan amount went up TITLE MAX. They are a rip off.

This report was posted on Ripoff Report on 04/18/2013 08:42 AM and is a permanent record located here: http://www.ripoffreport.com/r/Title-Max/Summerville-South-Carolina-29485/Title-Max-My-car-was-stolen-and-they-have-contunued-to-charge-me-interest-on-a-car-I-no-1044235. 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:
7Author 6Consumer 1Employee/Owner
Updates & Rebuttals

#1 General Comment

Yes of Course MKraft, there are several reports against us on RipOff Report

AUTHOR: IamGood - ()

Filed by people JUST LIKE YOU.  Your reports are meaningless, because people like you dont keep your word, and so you are FORCED to borrow from people like Us, because you didnt pay your bills in the Past. So if you cannot even keep your word to pay your bills in the past, why should someone believe ANYTHING You have to say?

So, Suck on that for a while.
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#2 Author of original report

Title Max Rip Off and Loan Shark Company

AUTHOR: MKRAFT - ()

You need to look and read on this site, how many people have been Ripped Off By Title Max.....
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#3 Consumer Comment

Comments

AUTHOR: Robert - ()

You also had to pay me back interest because insurance co. over paid you.
-
That is exactly what is supposed to happen.  Since they are the lienholder the insurance company pays them the value of the car.  They then deduct what you owe from that amount and then issue you a check for any "overage".  If by chance the amount the insurance company paid did not cover the loan balance, you would still have owed the remaining amount.

It states in the Agreement that the interest stop if you turn your car in

- The fact is that you didn't turn it in, so that does not apply.  The reason that line is in there is in case of "reposession" where they can attempt to recover their loss.

My Credit had nothing to due with this loan.
- Actually it does.  If you had good credit you would have been able to get a loan through more regular means, with much more favorable terms.

You can't even provide anything in writing showing that you are allowed to Charge that high of a interest rate.
- Yes they can...the loan document you signed states the Interest that they charge.

 

.You can't even provide me with a law saying that you are in the right.
- There won't be a law that says they are right..that is just a dumb comment.  Your only chance would be to find a law that states they CAN'T charge you the amount of interest they are.  But my guess is that you won't find that.


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#4 Author of original report

Title Max Rip Off and Loan Shark Company

AUTHOR: MKRAFT - ()

To: #10 Owner of Company

It sound to me that your company is also a Rip Off Company.


I Pray that one day you lose everything you own and even your Company and your wife. I hope you have to live in a homeless shelter.

You don't even know me. I work for 20 Years and I got paid great money. I have never clean out toilets. I Pray you will have to clean out toilets one day. Know that I'm disabled Title Max took advantage of me. When my Insurance Co guarantee them the to pay off the loan.  My interest was expose to stop at that time.

So you don't know what you are talking about.

I live in a very nice home also. Your Company problem charges a high interest rate of $131.9043 %.
No company should be aloud to charge that amount.

You want even say what Company that you superpose to own. What a shame. Your Company is problem a RIP OFF TO.

So why don't you Hurry up to clean my ToiletsI pray one day you are homeless. And you want a a toilet to due your business or a window to throw it out of.

Bye the way I never missed a payment. All my bills stay current.

Go eat your self.
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#5 REBUTTAL Owner of company

I also pray

AUTHOR: IamGood - ()

I pray to GOD, that no other creditor ever has to deal with you again.

Pay Cash you worthless Deadbeat.  It is people like you that enable me to live in my Mansion, and drive my cars, with idiots like you who drive me around,and clean out my toilets.

He He He.

Next time i am out on my boat, I will be thinking specifically of you when I am with my DDD Cup Wife, in her tiny bikini, she and I sipping beer from chilled mugs, sporting around Lake Conroe, living in our weekend 10 bedroom home (I figure that one of my bed rooms is about the size of your entire dwelling, in what ever slum you live in).

So you continue to live out your sorrowful existance, while people like me  look down upon  you while you are trying to eek out a living cleaning out the 1 pct's toilets.

BTW my Toilet in my Beverly Hills Mansion is backed  up, I need you to go there and clean it up.  Hurry Up, chop, chop!!!!
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#6 Author of original report

Title Max

AUTHOR: MKRAFT - ()

You got your money from the insurance company. You also had to pay me back interest because insurance co. over paid you. There is no where in the Agreement stating that you can continuous charging a interest on a car that I no longer have. I have made all my payments is a timely matter. It states in the Agreement that the interest stop if you turn your car in. My was Stolen. I could have given Title Max the keys to the car. Title Max does not work with customers. Your nothing but a LOAN SHARK. You have no right to talk about my credit. My Credit had nothing to due with this loan. You can't even provide anything in writing showing that you are allowed to Charge that high of a interest rate.You can't even provide me with a law saying that you are in the right. I WILL NEVER DO BUSINESS WITH TITLE MAX AGAIN. I PRAY OTHER PEOPLE WILL LEARN FROM ME AND NOT DO BUSINESS YOU TITLE MAX.
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#7 UPDATE Employee

Your interest will continue to be added until you pay off the loan

AUTHOR: IamGood - ()

Dear Customer:

Your beef is with the insurance company, not Us.  Interest will continue to accrue until the loan is paid off.  That is in your contract.  We are in compliance with the contract. 

But what does the insurance company having to pay you off on the car have to do with the loan from us to you any  way?  I mean if you still had the car, the interest would still be owed, and you would still be paying on the loan.  We will not suspend the interest simply because you dont have the car any longer.  A contract is a contract .  Thank you for living by the terms of your contract.  It has been our pleasure to do business with you.  We really appreciate the 131 pct interest rate from you.  It has enabled our founder to buy another boat.

If you had taken care of your credit standing years ago, then you would not have had to borrow money at 131 pct interest.  So I guess this is all YOUR fault, not ours, or even the insurance company,

sincerely

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#8 Author of original report

Title Max

AUTHOR: MKRAFT - ()

Title Max is getting there money for the loan. The charge you a 131% interest rate. I hope you never walk in my shoes.
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#9 Author of original report

Titl Max

AUTHOR: MKRAFT - ()

Title Max

You do not need to threaten me.
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#10 Author of original report

Title Max

AUTHOR: MKRAFT - ()

I hope you are never in my shoes. Title Max is Getting there money.........
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#11 Author of original report

Title Max

AUTHOR: MKRAFT - ()

They are getting there money for the loan. They are cheating me out of money until the insurance co pays them.
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#12 UPDATE Employee

Open Letter to MrSubPrimeBorrower

AUTHOR: IamGood - ()

Dear Mr SubPrime:

Title Max loans money to you, against the value of your car.  This means if the loan is not paid back Title Max has the right to repossess the automobile, and sell it, and apply the proceeds against  your loan.  Title Max will hold the title of your car until your loan to us is paid back.

If your car is stolen, or totalled out, you STILL owe Title Max for the money.  Even though our collerateral is gone,  you still owe the money.  We demand to get paid, and of course every loan has a cost to it, and it is called interest.

Title Max will still attempt to collect on the loan , even if the car is stolen.  If you fail to pay, then we will be forced to charge off the loan, and proceed to sue you in court for damages. 

All this was explained to you when you took out the loan, and received your money.  You were asked to sign, and Initial parts of the contract saying you understood the terms of the loan, and agreed to them. 

Why now are you deciding to violate the contract, and refuse to pay us. 

Believe me, with  0 collerateral being held now, Title Max will indeed Sue you if  you refuse to pay.  If you live in a state where we can Garnish your wages, then that will indeed happen.

I have a suggestion, finish paying out this loan, and fulfill  your obligations like an adult, before we take you to court, and take everything away from you that the courts will allow us to take from you.

Sincerely
Senior Collections Officer
Title Max Loans Collections Department

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#13 Consumer Comment

Doesn't matter

AUTHOR: Robert - ()

It doesn't matter if your car was stolen, burned, wrecked, or vaporized by aliens.  Regardless if you have possession of the truck, you still owe the loan balance and all terms of the loan are still in effect.

What you should really be doing is getting a hold of your insurance company and tell them to get your claim settled.
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#14 General Comment

Nope Wrong

AUTHOR: Bubba Lee - ()

Title Max has money out on loan.

Legally doesn't matter if the car is totaled or not.

The Insurance company is the problem, they owe the money, get on thier case!
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