ED Magedson – Founder
Sovereign LendingPO Box 2049, Pow Wow Trail Watersmeet, Michigan United States of America
I don't get it. I took out this very expensive loan, stuck to the agreement by making my payments on time... Even paid extra, AND paid the whole thing off in two months. I kept up my end of the bargain, all I want is my title back. How hard is it to put a $0.50 stamp on an envelope and stick it in the mail, especially after all the interest they made on my loan. Highly frustrated because I've been nothing but good to these people and all I want is MY PROPERTY back.
So in short, they charge a ridiculous interest rate, yell at you to keep you from paying off early so they can make as much off you as possible, then don't keep up their end of the bargain when its time to mail the title back. I'd bet if I had been a day late on that loan they wouldn't have taken so long to repo my car!
Thats OK, I'm working with an attorney anyway. They'll be hearing from him soon!
This report was posted on Ripoff Report on 06/15/2012 08:28 AM and is a permanent record located here: http://www.ripoffreport.com/r/Sovereign-Lending/Watersmeet-Michigan-49969/Sovereign-Lending-Title-Loan-America-TLA-Title-Loan-title-loans-car-loans-tla-short-t-897982. 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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