Complaint Review: American Web Loan - Ponca City Oklahoma
- American Web Loan 522 N 14th St # 130 Ponca City, Oklahoma United States of America
- Phone:
- Web: americanwebloan.com
- Category: Loans
American Web Loan Ripoff on a small loan Ponca City, Oklahoma
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I took out a $300.00 loan with them because I was having a hardship and needed the money quickly.
Evidently the way you pay back a loan with them was not explained to me in terms that were clear.
To date they have taken out $90.00 every other week from my account for a total of $400.00.
When I called them because I didn't see the $300.00 loan balance going down, they said the $90.00 that was being taken out of my account was just the interest, and I hadn't set my account up to have that money applied to my principal.
So the way I figure this, it is going to end up costing me ~ $800.00 to pay this off.
I took the $300.00 loan out and was ok with a $90.00 fee for the loan. But now having to pay them all this money when I am still in a bind is outrageous.
This report was posted on Ripoff Report on 10/18/2011 08:02 AM and is a permanent record located here: https://www.ripoffreport.com/reports/american-web-loan/ponca-city-oklahoma-74601/american-web-loan-ripoff-on-a-small-loan-ponca-city-oklahoma-790076. 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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