• Report: #1096715

Complaint Review: American Web Loan

  • Submitted: Mon, November 04, 2013
  • Updated: Mon, November 04, 2013

  • Reported By: MadinMa — Ticked Off Massachusetts
American Web Loan
522 N 14th St # 130, Ponca City, Oklahoma USA

American Web Loan Marketed through the Money Mutual Website Amercan Web Loan is Ripping People Off and Creating Bigger Problems for Clients! Ponca City Oklahoma

What's this?
What's this?
What's this?
Is this
Ripoff Report
About you?
Ripoff Report
A business' first
line of defense
on the Internet.
If your business is
willing to make a
commitment to
customer satisfaction
Click here now..

Does your business have a bad reputation?
Fix it the right way.
Corporate Advocacy Program™

SEO Reputation Management at its best!

I am very upset and bewildered about this company. I took out a $1,000.00 loan from them, because I needed some fast cash to cover bills. After making 3 payments already in the amount of $300.00 I finally received access to the terms and conditions of my loan. To my amazement when I finally got the file opened. I learned that my interest rate was d**n near 800%! That is flipping rediculous! My pay off amount for this loan is almost $5,000.00. This is comparable to the interest you would pay over 30 years at 5%to 10% interest. Anyway, Now I'm all stressed out because I can't buy food and basic nesseccities for my family because of this loan that should only be 4 payments of $300.00 every 2 weeks. But instead, it's 16 payments with a balloon payment at the end of $400.00.

I belong to 100's of groups on social networks. I will be sure to tell them all about this company and the company that provides the matching service for them, which is www.moneymutual.com .

The only alternative I see to this without council is to close my bank account and refuse to pay.

This report was posted on Ripoff Report on 11/04/2013 02:47 AM and is a permanent record located here: http://www.ripoffreport.com/r/American-Web-Loan/Ponca-City-Oklahoma-74601-4654/American-Web-Loan-Marketed-through-the-Money-Mutual-Website-Amercan-Web-Loan-is-Ripping-P-1096715. 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.

Ripoff Report has an exclusive license to this report. It may not be copied without the written permission of Ripoff Report.

Click Here to read other Ripoff Reports on American Web Loan

Search for additional reports

If you would like to see more Rip-off Reports on this company/individual, search here:

Search Tips
Report & Rebuttal
Respond to this report!
What's this?
Also a victim?
What's this?
Repair Your Reputation!
What's this?