Complaint Review: title max - mcminnville Tennessee
- title max 241 northgate drive suite 1 mcminnville, Tennessee USA
- Phone: 9314733454
- Web:
- Category: pure cbeed
title max extreme payoff... mcminnville Tennessee
*Consumer Comment: Check the loan paperwork
We applied for a title loan march of 2014 for the amount of 800.00. we pay anywhere from 100 to 150 every month and still haven't got it paid. My estimation is that they will end up with close to 3000 by the time we are done. Are there no laws against this?
This report was posted on Ripoff Report on 01/18/2015 04:10 AM and is a permanent record located here: https://www.ripoffreport.com/reports/title-max/mcminnville-tennessee-37110/title-max-extreme-payoff-mcminnville-tennessee-1202479. 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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#1 Consumer Comment
Check the loan paperwork
AUTHOR: FloridaNative - ()
SUBMITTED: Sunday, January 18, 2015
Just from your post it sounds like you have been paying interest only on your loan or a very small repayment toward the principal balance (if any).
Read the loan paperwork carefully. You want to find the interest rate, the due date and look any reference to early payoff in case there is a penalty. Read the whole note you signed to see if there are other fees.
You chose a very high interest type secured loan. This is the worst of both worlds because if you are late or don't pay off on time you lose your vehicle. Check into it right away and pay off as soon as you can so you can get your title cleared.
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