Titlemax ripoff, unfair practice, dishonest and greedy Milledgeville Georgia

In order to pay off a loan with TitleMax in the exact time that is on your VOLUNTARY payback guide you have to follow it to the T and not be late. You also have to pay more than the interest and more than what is the suggested payment. On a $3k loan your interest was probably 9.99%-monthly. Just factor in every time you make a payment the interest comes out first-whatever is left over gets applied towards your principle and your new interest is recalculated based on that amount.

I recommend that you go into the TitleMax office and ask to speak with the manager. (There should always be a manager or assistant manager in the office at all times.) Once there, ask them to go over a Voluntary Payback Guide with you.

This is a guide to show you how to pay off the remainder of the balance within a timeframe that is best for you. Example: If you are financing $500 and want to make sure it is paid off within 6 months they can show you EXACTLY what to pay to cover your minimum interest PLUS principal. This makes the payment more like a car payment instead of just rolling it over for another 30 days.

It will show you that if you pay $X amount on your due date that $XX amount is going towards your interest, $XX amount is going towards your principal, and exactly how much you will owe the next month. You are not required to go by the VPG, however, it is a great way to get you "back on track" to getting your title. You pick the length of time, get a print out, and start working your way out.

Ive borrowed twice. The first time I paid it back within the 30 days and I didnt pay back ONE penny more than what I'd borrowed.(they didnt make anything off of me) I have a new loan out right now and tomorrow is my deadline to pay it back. (thought Id have my taxes back but I dont so) Anyway, I borrowed 1018.00. Tomorrow I owe 1145.25. VERY resonable. Cant do it though so I have to start paying back by agreement. That will be 194.70 per month for 9 months. (No different than a high interest finance company) They will make roughly 600.00 off of my loan if I cant pay it off eventually in a lump sum (which Im hoping my taxes will get on the ball but) They dont lie or candy coat their terms. They are nothing but friendly and honest. The problem is with people who dont take the time to read or who just simply dont comprehend contracts. Its not the lenders fault.

you needed the money, the provided the money. It should be all stated in your contract. It should state what the finance charge is. It should state what the monthy payment is. You should then be able to take your monthly finance charge and subtract that from your monthly payment. That portion should be going to your principal. That is unless it states otherwise in your contract. You have to realize, that this is essentially an auto pawn company. The monthly amount that you are paying is probably their finance chage to you for you getting their $3000. Nothing unethical about it. the presented their terms. You agreed to their terms. What you need to do is continue to pay the agreed upon amount and push as much as you can in addition to satisfy the principal. BUT you need to read the congtract. It should state how they will credit additional amount. What you do not need is to stop paying. They have to incentive to work with you. They have your car as collateral. Either you pay, or they repossess.

you needed the money, the provided the money. It should be all stated in your contract. It should state what the finance charge is. It should state what the monthy payment is. You should then be able to take your monthly finance charge and subtract that from your monthly payment. That portion should be going to your principal. That is unless it states otherwise in your contract. You have to realize, that this is essentially an auto pawn company. The monthly amount that you are paying is probably their finance chage to you for you getting their $3000. Nothing unethical about it. the presented their terms. You agreed to their terms. What you need to do is continue to pay the agreed upon amount and push as much as you can in addition to satisfy the principal. BUT you need to read the congtract. It should state how they will credit additional amount. What you do not need is to stop paying. They have to incentive to work with you. They have your car as collateral. Either you pay, or they repossess.

you needed the money, the provided the money. It should be all stated in your contract. It should state what the finance charge is. It should state what the monthy payment is. You should then be able to take your monthly finance charge and subtract that from your monthly payment. That portion should be going to your principal. That is unless it states otherwise in your contract. You have to realize, that this is essentially an auto pawn company. The monthly amount that you are paying is probably their finance chage to you for you getting their $3000. Nothing unethical about it. the presented their terms. You agreed to their terms. What you need to do is continue to pay the agreed upon amount and push as much as you can in addition to satisfy the principal. BUT you need to read the congtract. It should state how they will credit additional amount. What you do not need is to stop paying. They have to incentive to work with you. They have your car as collateral. Either you pay, or they repossess.

It's simple. Pay the legally binding contract to completion. You should have read the entire contract where it states the payouts. Companies like this thrive on folks who HAVE to go there.They know you are not going to read the print.
If you don't pay, they probably will sue you, and further ruin your credit. Sorry to be so harsh, but these companies are predators.

So far, you've paid about $4500 on a 3000 loan. Did you had bad credit when buying this car? Sounds like you are paying all finance charges up front, then the principle. The interest rate has to be around 25% or so... How long is the loan term?