- Report: #1161564
Report - Rebuttal - Arbitrate
Complaint Review: Title Max
Title Max They repoed my truck, I was only one month behind due to loosing my job, and I had called to explain my situation Sauk village IL Nationwide
*Consumer Suggestion: It's a little too late to find out your interest rate AFTER YOU signed the contract.
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I took out a title loan, I was approved for $4000, but after they took out fees, moly only got $3800. I don't ever remember seeing the paper where it shows the interest rate, or how much I would be paying back after two years.
I was in a bind and needed the money, I didn't even need that much, but they talked me into taking the full amount I was approved for. After continulesly making my payment every month, I had paid off the amount that borrowed and more within less then a year, I then lost my job, and was not able to make my payment, they said I could refinance, but they would add $800 more on to my loan, after being late one month, they repoed my truck, was told I would have to get caught pun with my payments and late fees before they would release my truck, then I would have to pay the place for storing my truck.
I don't know how this can be legal, this ihe one of the reasons why this country is going to s**t. You go to someone for help when your struggling, and you end up loosing more thn what you started with. The interest rate they gave me was 111%, who does that, really?
This report was posted on Ripoff Report on 07/12/2014 02:24 PM and is a permanent record located here: http://www.ripoffreport.com/r/Title-Max/nationwide/Title-Max-They-repoed-my-truck-I-was-only-one-month-behind-due-to-loosing-my-job-and-I-1161564. 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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