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Report: #1227331

Complaint Review: Iggy loans - Nationwide

  • Submitted:
  • Updated:
  • Reported By: michigangirl — Grand Rapids Michigan USA
  • Author Confirmed What's this?
  • Why?
  • Iggy loans Nationwide USA

Iggy loans Sierra Loans Total Scam & Rip OFF Nationwide

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 So I borrowed $500 dollars to get product for my business = a total of $650. So I called customer service after 4 payments of $150 had been taking out of my account. After being on hold for an hour never spoke to anyone. i sent an email the same day that stated my concerns of an additional $150 scheduled to be taken on 5/8.

On 5/4/15, i got an email from Fredrenia stating my payment options were to

1. Extend the and that they would collect the finace fee on my due date and not to notify themif I was extending the loan that it would be done automatically

2. Pay back the loan in full + fiance fee on the due date

3. pack a portion of the loan and the fiance fee for convience to payover time  and to contact them in 3 days prior to the due date to set up payments.

The same day got another email from Cindy  stating  the apologize for the late response and seen that i had already contacted the company and to reply if I still need assistance. Well you bet, i did so i replied yes. On 5/6/15. Called the company and finally spoke to someone sfter being transfered and on hold a few times.  The rep stated that the $600 I had paid went towards nothing and that the principal was still $500.

Long story short, I came to the assumption hat  this company is bold business. Meaning:

Loan borrowed =500 + Interest=150 = $650.00

4 payments of 150 = 600

balance = 650

So I am actuallypaying a total of 650*650=1300 on a total loan + interest =650

so after requestin gto speak to a supervisor and conviently none were available I was told someone would contacyme in 24 hours. So i recieved anothe remail from Cindy again stating sorry for the inconvience

 

This report was posted on Ripoff Report on 05/06/2015 02:49 PM and is a permanent record located here: https://www.ripoffreport.com/reports/iggy-loans/nationwide/iggy-loans-sierra-loans-total-scam-rip-off-nationwide-1227331. 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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