- Report: #871759
Report - Rebuttal - Arbitrate
Complaint Review: TitleMax
TitleMax7221 E.Golf Links #209 Internet United States of America
TitleMax changed the terms of the loan, went to compounded interest and daily fees, add to the balance Internet
*UPDATE EX-employee responds: They do NOT change loan terms
Well here I go: We were sent another contract . now on 09?30/2011 the APR is 132.23%/ on 10/17/2011 the APR is 119.97% the interest rate is now 10.99% I have never failed one single payment. On 10/17 Pymt $334.29 Principal=30.30. On 11/17 pymy 334.29 prin.$38.30 On 12/17 pymt 335.00 Prin.13.56 On 01/19/2012 Pymt $410.00 Prin.$182.10 On 02/18 pymt $410.00 prin 90.89 On 03/19 pymt $510.00 (I wanted to make an extra $100 to the prin) Prin $154.85 Now here's the kicker!!! On 04/19 the payment of $417.00 Prin.0 and my balanced increased by $63.66. under interest carry over!!?? and
If this isn't criminal! what is?
This report was posted on Ripoff Report on 04/21/2012 11:51 AM and is a permanent record located here: http://www.ripoffreport.com/r/TitleMax/internet/TitleMax-changed-the-terms-of-the-loan-went-to-compounded-interest-and-daily-fees-add-t-871759. 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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