Complaint Review: American Web Loan - Ponce city Oklahoma
- American Web Loan 2128 North 14 St. Ponce city, Oklahoma United States
- Phone: 1 877 860 7171
- Web: Www.americanwebloan.com
- Category: On-Line Business, RIP-OFF , Cash advance, Credit & Debt Services, Loan, Pay Day Loans
American Web Loan Charged huge intrest rate Ponce city Oklahoma
*Consumer Comment: "To Later Find Out"
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I regretfully out of need signed up for a $500 loan with American web loan and without knowing what a huge rip off they're company is I allowed them to take money out of my bank account on a biweekly basis thinking that would make up for the $500 I owe them to pay off the loan with a period of 6 weeks to later find out the pay off would cost me $1,800.
This is a shame of a buisness and a huge and complete rip off with their excuse being they charge alot of interest but make it out to be an easy $500 loan when it's not all. They should explain this in a clear way on their websight before people make the decision to get into a debt like this but they don't. I am very disgusted that this online buisness is allowed to do this to people who only ask for loans out of desperation to later fund out these criminals bank $1,800.00 out of a $500 loan! Someone needs to do something about these people this is criminal.
This report was posted on Ripoff Report on 04/05/2018 07:09 AM and is a permanent record located here: https://www.ripoffreport.com/reports/american-web-loan/ponce-city-oklahoma-74601/american-web-loan-charged-huge-intrest-rate-ponce-city-oklahoma-1437375. 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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#1 Consumer Comment
"To Later Find Out"
AUTHOR: Perry Mason - (United States)
SUBMITTED: Saturday, April 28, 2018
Why did you "later find out" what the entire amount you would pay back is? You would have been presented with a contract to sign or agree to which detailed the Terms and Conditions of this loan. Let me guess...YOU didn't even bother to read it, did you? If you would have used COMMON SENSE to read what you were agreeing to, you would have known right then and there what the interest rate was and what the entire payback amount would be! You people NEVER cease to amaze me! Something as OBVIOUS as reading in advance what you're agreeing to simply never crosses you mind and then you come here to blame them! Still another example of the dumbing down of America.
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