Complaint Review: Instaloan
Instaloan TitleMax I took out $500 title loan from the compan y in May of 2013. They manage to pile on enough fees and interest to keep the victim trapped into the loan. A year later I have not been able to get to paying off the principal. I have paid $960. in intersts and fees and now as of August 2014 they add $25.00 investigative fee to each month's payment. I cannot get loff the wheel. ! Jacksonville Nationwide
*Consumer Comment: ok to cheat people with bad credit?
*General Comment: Yes...
I was in a bind and needed to take a title loan out on my car for $500.00 In a local Instaloan office in Jacksonville, FloridaThat was in May of 2014. As of July 2014 have paid $960.00 in interests and fees and can't seem to get the pricipal paid down. The usual payment each month is around $ 48 to $50.. In July as I paid the fee I was told an additional $25.00 investigative fee would be done each month until the loan is paid off. This traps me into the loan, I cannot get it down. They have the title to my car and can take it if I default. Help !!! Is there anything I can do to get out from under this ?
This report was posted on Ripoff Report on 07/14/2014 11:39 AM and is a permanent record located here: http://www.ripoffreport.com/reports/instaloan/nationwide/instaloan-titlemax-i-took-out-500-title-loan-from-the-compan-y-in-may-of-2013-they-man-1161885. 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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