ED Magedson – Founder
mobil loans very ery misleading when request info or paper statement they refuse U do not find out till to late Internet Louisiana
Hi I hope the poster i saw earlier sees this response since she asked someone to respond I too have been taken by mobil loans Well they began taking 150 biweekly from my account i was so proud of myself paying on time and I was in a ind and needed cash I was perfectly ok with the terms as they laid them out for me. 3 dollars for every 20 i borrowed a thousand also they never asked if i wanted to go threough with it they asked for info to run my credit and then they just said money has been deposited did not even get to make the decision I offered to give it back the day it was deposited but they told me i would be charged 3 dollars for evvry 20 which i would have no problem paying 150 for a thousand thats what they told me and i asked for a paper statement of terms they said they could not do tn hat To make a long story shorr
One day i called them after about three months because i was starting a new job and asked if i could skip a payment thwey said yes as long as u pay a double payment in two weeks So here i am paying faithfully 150 every two weeks and due to there explanation i was almost done well i asked them my balance that day when i called and i almost died and i did cry they said after 800 $ of payments on a 1000 loan i had only paid 95$ i tried for over an hour to try to get them to explain to me ut no matter what the math didnt add up if i paid the 150 bi weekly like thwey wanted by the time i paid it off i would have paid a little over SIX THOUSAND DOLLARS
So to the others who have beenn taken i got info from state of maryland DLLR AND THEY ARE NOT LISCENSED TO OPERATE IN MD THEY RECOMENDED I STOP ALL ACH PAYMENTS AND CALL THEM OFFER TO PAY THE PRINCIPAL WHICH I ONLY OWE LIKE 160 AND TELL THEM THATS ALL THEY ARE GETTING SINCE THERE BUISNESS PRACTICES ARE ILLEAGALE AND THEY SAID PAY PRINCIPAL ON YOUR TERMS AND DO NOT LET THEM INTIMIDATE U THWEY WILL TRY TO SAY THEY ARE SENDING SOMEONE TO ARREST ME NO KIDDING THEY SAID THAT I TOLS THEM JUST HOW State of md told me i said look i borrowed the 1000 ill pay the principal nothing more any call threats ect will be reported so this is the website stating the steps to take to get out from under mobil loans and also has links for all the othere states
u can email me at (((email redacted)))
This report was posted on Ripoff Report on 06/16/2013 04:01 AM and is a permanent record located here: http://www.ripoffreport.com/reports/mobil-loans/internet-louisiana/mobil-loans-very-ery-misleading-when-request-info-or-paper-statement-they-refuse-u-do-no-1059507. 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.
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