Complaint Review: Loan Max
- Loan Max
Albuquerque, New Mexico
United States of America
- Phone: 505-342-4735
- Category: Loans
Loan Max Cash Loans Car died, and they still expect me to pay what I owe! Albuquerque, New Mexico
*Consumer Suggestion: They are right
*General Comment: I think that you just don't get it...
*Consumer Comment: Loan Payments Due Regardless
*Consumer Comment: iamnogood and kenny
*Consumer Comment: You're right, you shouldn't have to pay them what you agreed to...
*General Comment: you still owe the money.
I was told to pay 247.00 a month to pay the interest until I was able to pay off the principal amount. I was not able to do that, due to the fact that I unfortunately got laid off from my job a few weeks after I had taken out the loan. What great luck and timing!!! (Note of sarcasm)
I reported that I was unemployed and was struggling to even meet the interest payments, and I kept getting reminded over and over again, that in good faith, they gave me the money and I was to honor that agreement, etc. I didn't know what to do! I was at my wit's end!
I borrowed money when I could to try to make good on the interest payments, but I couldn't keep up! The interest builds every single day when not paid in a timely fashion. I was crying and they threatened to repo the car, unless I could get caught up on the payments. I couldn't and yet, they didn't come to take the car; which I guess was a good thing.
But now, the car is dead, I am unable to pay for the repairs, and I told Loan Max this and told them I am unable to pay anything towards the loan, and they told me they refuse to pick up the vehicle; that they never have and never will pick up a non running vehicle, and that I still owe them the principal and the interest that accrued!!! I am so beyond upset and angry and utterly frustrated with the entire situation!
I will never, ever, ever take out a loan again!!!
This report was posted on Ripoff Report on 03/04/2013 11:07 AM and is a permanent record located here: http://www.ripoffreport.com/reports/loan-max/albuquerque-new-mexico-/loan-max-cash-loans-car-died-and-they-still-expect-me-to-pay-what-i-owe-albuquerque-new-1023240. 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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