ED Magedson – Founder
Texas Car Title and Payday Loans2710 red bluff rd pasadena, Texas United States of America
My son took out a car title loan with car title and payday loans on a pickup truck, the loan was for 3200.00, they paid a payment of 800.00 a month on the truck, they were told the 800.00 was intrest until they paid off the loan.
After paying on the pickup for 2 years, my son was laid off they fell behind on the intrest payments and the company pick up his truck. They paid over $18,000.00 back to this company.how can they get away with that, i beleive they are really taken advandage of the people who are stuggling to make it.
These type of people need to be stopped, is it legal to do such a thing, please help if you can, its not right. thank you
This report was posted on Ripoff Report on 05/26/2010 10:10 PM and is a permanent record located here: http://www.ripoffreport.com/reports/texas-car-title-and-payday-loans/pasadena-texas-77506/texas-car-title-and-payday-loans-took-out-320000-loan-paid-80000-month-for-2-years-was-607748. 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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