Complaint Review: American Web Loan - Ponca City Oklahoma
- American Web Loan 2128 N. 14th St., Suite 1 Box 130 Ponca City OK 74 Ponca City , Oklahoma USA
- Phone: (877) 860-7171
- Web:
- Category: Loans
American Web Loan Omission of payments for loans Ponca City Oklahoma
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I was buying a car and need to borrow 1000 dollars and sent application but kept getting denied until American Web Loan and they lent me 1200 and said that I would make bi weekly payment of 254 to pay off my loan but they never stated the interest rate. I still have the agreement I signed and all the agreement stated that payment would be making 254 each paycheck to pay off my loan and I could still pay it off if I paid it all at once. After 3 payment I THOUGHT I should be more than halfway done with the loan payment with maybe two more to go for interest. However I checked and I found out I was paying interest and the principal was only 6 dollars included in the payment. I was pissed because the guy did not tell me it was interest payments and the agreement I signed stated nothing about how high the interest rate is until after I signed agreement and I got a more detailed agreement in my account and Not To my email. I am still paying g off even though I'm struggling worse since I took out this loan. I will have paid over 5000 for a 1200 loan and this agreement was never detailed until AFTER I signed and have Picture of the agreement! Do not use this loan they will rip u off.
This report was posted on Ripoff Report on 03/10/2017 11:41 AM and is a permanent record located here: https://www.ripoffreport.com/reports/american-web-loan/ponca-city-oklahoma-20011/american-web-loan-omission-of-payments-for-loans-ponca-city-oklahoma-1360977. 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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