Complaint Review: Loan Point USA - Internet
- Loan Point USA Internet United States of America
- Phone: 1-800-351-8820
- Web: www.loanpointusa.com
- Category: Loans
Loan Point USA Beguiler, Heartless... Internet
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I didn't have money for a Thanksgiving dinner for my family, so when I received the email from "Loan Point USA", I thought "this is a good idea". I borrowed $600.00 plus $180.00 fee (30%), on Oct 12, 2010. The 1st payment was deducted Nov 4, 2010.
I didn't know they were only deducting the 30% ($180.00) from my bank account EVERY pay period ($360.00), without paying down my loan. I was not aware that I had to request EXTRA funds be taken out of my account to pay down the loan. When I saw $360.00 being deducted on the first payment, I thought I was paying down the loan, instead I they just kept deducting their fees (180.00 x 2 pay period) since Nov. 2010 & I still owe $600.00.
They stole a total of $2520.00 & they are telling me I still owe $600.00 & they will continue to take the $180.00 fee.
This report was posted on Ripoff Report on 06/01/2011 01:47 PM and is a permanent record located here: https://www.ripoffreport.com/reports/loan-point-usa/internet/loan-point-usa-beguiler-heartless-internet-735627. 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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