Complaint Review: American Web Loan
American Web Loan I borrowed 800.00 thinking it would be high interest but worth it as I needed quick fix to my finances. Ended up paying back 2000.00 in less than 2 months. Internet
*Consumer Comment: Ask to see what you're getting into...
*Consumer Comment: Read Agreements
*Consumer Comment: "Terms and conditions"
*Author of original report: Response to Angela
*General Comment: "Didn't Know" Your Options
Every two weeks 240.00 was taken out on my payday. After the fourth time I finally decided to look and make sure that the last payment because I thought 160.00in interest seemed about right, as I had now paid $960.0! When I found the web site and put in my information it showed I still owed 800.00. I called the number to find out what I really owed. The guy told me I was only paying in the interest rate. I was furious and to him I was done and wanted my loan to end! He said I could pay it off today but it would be $ 1040.00!
I asked to speak with his boss since he said there was nothing he could do to help me! "Carla" came on the phone and immediately had an attitude. I was pretty much in tears stating I would never agree to pay 480.00 a month for 7 months on an 800.00$ advance! She said that was what I had agreed to by not going in after one week and paying the loan off! I never knew that was even an option. I tried to explain that to her and she kept telling me I was being rude and should have not agreed if u had a problem paying. I was mortified, I have never felt so taken advantage of! They are awful people and need to be shut down!
This report was posted on Ripoff Report on 01/21/2013 09:02 PM and is a permanent record located here: http://www.ripoffreport.com/reports/american-web-loan/internet/american-web-loan-i-borrowed-80000-thinking-it-would-be-high-interest-but-worth-it-as-i-1000863. 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. READ: Foreign websites steal our content
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