Report: #1245764

Complaint Review: Fast Auto Loans Inc - Orange California

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Ripoff Report is Xcentric Ventures

Submitted: Sat, August 01, 2015
Updated: Sat, August 01, 2015
Reported By: alexandre — Orange California USA

Author Not Confirmed

Why?

Fast Auto Loans Inc 1724 W Chapman Ave Orange, California USA

Phone: (714) 497-1382
Web: http://fastautoandpaydayloans.com/
Category: Loans

Fast Auto Loans Inc 160% rates, loan sharks !!! Orange California

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Stay away !!!! They will take your car as collateral and charge 160% interest on loans.

They pray on the on the UN-inform. My non-English speaker friend signed a contract in English that he could not read nor understand. They gave him a loan for $2516,00 on 3/2015. He made 4 payments of $340,39, his pay off as of today 8/2015 is $2600,00. His truck is worth around $7K.

Also, they will always push a loan that is more than $2,500,00 to avoid the rate limitation laws.

Please see link from the California Department of Business: dbo.ca.gov/Consumers/Adv…

I'm calling my attorney first thing Monday to see what we can do !!!

Be careful !!!!

This report was posted on Ripoff Report on 08/01/2015 05:10 PM and is a permanent record located here: https://www.ripoffreport.com/reports/fast-auto-loans-inc/orange-california-92868/fast-auto-loans-inc-160-rates-loan-sharks-orange-california-1245764. 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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