Complaint Review: American Web Loan - Internet
- American Web Loan Internet USA
- Phone:
- Web: americanwebloan.cm
- Category: Unusual Rip-Off
American Web Loan Ripped off and not going to take it! Internet
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I borrowed $600 from this company. The fee was supposed to be $180. I was given a loan maturity date of 3 weeks. One week later $180 was taken from my checking account. I tried to payoff early, but the website didn't allow that. When I called to pay the loan off, I was told that I still owed $780. I explained that I already paid the $180 and wanted to pay off the $600 principle that was left. The rep told me that the $180 fee was applied every two weeks and if I didn't pay the extra $180 it would cost me another $54 in interest. Imagine that! $414 in fees and interest on a 3 week loan that was paid off on time! Needless to say, I refused to pay the $180 fee nor the interest applied. I also contacted my bank to make sure they don't try to get anymore from my account and reported them to the BBB. I have read otherwise that these folks try to strong arm and threaten family members to pay up. Can't wait to see what they do next!
This report was posted on Ripoff Report on 07/22/2013 10:48 AM and is a permanent record located here: https://www.ripoffreport.com/reports/american-web-loan/internet/american-web-loan-ripped-off-and-not-going-to-take-it-internet-1069056. 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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