ED Magedson – Founder
sovereign lendersNationwide USA
sovereign lenders I am on social security disability and I have a child. I took out a $1,500.00 loan in aug. 2014 because we needed a place to live. I have been paying them $317.00 a month. I was so excited that my loan would be paid off this august, but when I contacted them about sending me a copy f my contract, they stated that there is a $2000.00 balloon payment due in august. I did not agree to that! I need help fast! I need my car to bring food into the house because I can't walk. Please help me someone! we needed a place to live. I have been paying the loan every month at $317.00 a month. I was so relieved that the loan would be paid off this august, but when I contacted them for a copy of my contract, it has a balloon payment of almost $2000.00 Nationwide
I need help fast! I am on Social Security disability and I have a child. I am widowed. On August 2013 I had to do a title loan from Sovereign because we wee about to become homeless. I took a $1500.00 title loan from them. I have been paying $317.00 a month which has been hard to come up with, but I have never been late. I was so happy to think that in August 2014, my loan would be paid off. I emailed them asking for a copy of my contract and saw that in August, I have a balloon payment of almost $2000.00! I am just sick. That is way more than my monthly income! They are charging me around $6,600.00 for a $1,500.00 loan! If I lose my car I can't bring food home since I can't walk. I did not sign the contract with the balloon payment electronically or otherwise. I need help! Can someone help me? Susan Cincinnati, Ohio
This report was posted on Ripoff Report on 06/15/2014 12:37 PM and is a permanent record located here: http://www.ripoffreport.com/r/sovereign-lenders/nationwide/sovereign-lenders-I-am-on-social-security-disability-and-I-have-a-child-I-took-out-a-1-1154973. 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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