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Report: #1182163

Complaint Review: American Web Loan - Ponca City Oklahoma

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  • Reported By: Rbroer — Grand Rapids Michigan
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  • American Web Loan 2128 N. 14th St, Suite 1 #130 Ponca City, Oklahoma USA

American Web Loan Huge Rip-off!!! They won't disclose loan documents/fine print until you call to ask for them!!! Ponca City Oklahoma

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Made mistake of taking out $500 payday loan with this company.  The transaction was completed over the phone.  I borrowed $500 and was told I could do a flexible payment plan.  I was then being charged a $300 payment every other week and none of that charge went towards the balance of the loan.  I called the lender once I figured that out and then when I complained, they finally sent me an email with a PDF file with the acutal loan agreement and APR/Finance charges.  I couldn't believe how high they were and it was not disclosed to me when I took out the loan! I had to call and complain first before they sent it... and then they lied and said I was emailed a copy at the onset of the loan.... this is NOT true! Stay away from this company.... many other far more affordable loan options out there!!! Don't get stuck paying HUGE finance charges!

This report was posted on Ripoff Report on 10/10/2014 08:28 AM and is a permanent record located here: https://www.ripoffreport.com/reports/american-web-loan/ponca-city-oklahoma-74601/american-web-loan-huge-rip-off-they-wont-disclose-loan-documentsfine-print-until-you-1182163. 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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