Pioneer Loan Ripoff Soldiers Las Vegas Nationwide

We do not give title loans to the military. We do not do payday or signature loans. In fact, we have our clients sign a waiver stating that they are not military.

At this point in time the only loans we do with the military or their dependents are pawn loans through Pioneer Loan and Jewelry and those are at 36% apr. = 2.9% per month

I believe the conplaint should properly be addressed to pioneer military loans. (no  relation)

 These type of companies are called "Deadbeat Lenders". Meaning that because THEY loan to VERY high risk customers that THEY get to charge an incredibly high interest rate. They get to do this because MOST of their customers ARE deadbeats. People who have so screwed up their credit that no sane bank would EVER loan them a dime due soley to their inability to pay what they have agreed to in the past. The ONLY way out of this for ANYONE is to make sure that THEY are paying MORE then the minimum amount due. When you pay the minimum amount, you are ONLY paying on the interest. As the payment is so high, YOU the consumer tend to ASSUME that you are also paying on the principle of the loan. These places are GREAT when you are in a pinch, but incredibly destructive if you drag your feet in paying it off. The ONLY way to win is to really NOT PLAY their game. If ANYONE is looking to build credit, these loan businesses ARE NOT the way to do it. The best way to build credit is to get a SECURED CREDIT CARD and make a few purchases on it and pay it off immediately. Its slow but effective.