ED Magedson – Founder
LoanMax Title LoansMechanicsville Turnpike Mechanicsville, Virginia USA
LoanMax Title Loans TOTAL RIP-OFFS AND LIARS Mechanicsville Virginia
line pay day loan place. I was told it would be SOO much more financially beneficial to go with them, due to the interest rate ONLY being 14% PER MONTH.
After deciding to go with them, I made payments for two months, afterwhich I received my FIRST receipt that was correct, as I was given SOMEONE ELSE'S RECEIPT THE PREVIOUS MONTH!!!! (I didn't notice this, as it was around the amount of my loan, but I didn't notice that it didn't list MY name!! I mean, that's one thing you shouldn't have to verify!!!
That's when I was told that each month, there was either $80 or $60 applied to my loan, and it alternated each month. Well, I just called because I finally got the amount of money I need to pay the d**n thing off, and some "substitute" manager tells me that my balance is LITERALLY ONLY $72 LESS THAN MY ORIGINAL LOAN AMOUNT, AND I'VE BEEN PAYING ON IT FOR 4 MONTHS!! (loan amount, $1,000, loan payments, $153.00) You do the math!! Plus, this substitute manager tells me that NEITHER $80 OR $60 was the amount applied to the principal of the loan, it was ONLY $40!!! HOWEVER, THAT DOESN'T EVEN ADD UP!!! So, I went online to find someone at a "home office" to call, and I can't even find a telephone number to anyone!! My ONLY option is a location!!
Oh, and by the way, one month I was late making my payment, due to MORE car repairs, and boy did their demeanor change!! The nice, sweet, funny manager turned into satan himself!! She threatened that EACH DAY I WAS LATE WAS $30 IN INTEREST ALONE!!! This wasn't true, but that's exactly what she THREATENED!! I called every other day to let them know what the status was, and she was a total BIAtch.
Look, I understand if you need money for rent, car repairs or whatever....just do yourself a favor...FIND SOME OTHER WAY TO DO IT!!! You DON'T WANT TO BORROW FROM THESE PEOPLE!!! H***, even an on line pay day loan would be better than these crooks!!!!
This report was posted on Ripoff Report on 04/19/2014 10:39 AM and is a permanent record located here: http://www.ripoffreport.com/r/LoanMax-Title-Loans/Mechanicsville-Virginia-23111/LoanMax-Title-Loans-TOTAL-RIP-OFFS-AND-LIARS-Mechanicsville-Virginia-1140109. 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.
If you would like to see more Rip-off Reports on this company/individual, search here:Search Tips
In order to assure the best results in your search:
Advertisers above have met our
strict standards for business conduct.