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Report: #421887

Complaint Review: Loan Point USA - Salt Lake City Utah

  • Submitted:
  • Updated:
  • Reported By: Gardners Pennsylvania
  • Author Confirmed What's this?
  • Why?
  • Loan Point USA 1338 S. Foothill Dr. Ste. 325 Salt Lake City, Utah U.S.A.
  • Phone: 800-3518820
  • Web:
  • Category: Loans

Loan Point USA This company will take your money for as long as they can get away with it. Salt Lake City Utah

*Consumer Comment: Question?

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This is a short term loan company. Or know as payday loans. However this place is a BIG RIPOFF!!! They do not exclose the terms to you up front when you get the loan. Then they claim to have sent you the contract via e-mail. Did not happen. What they do is give you a $500. loan with a $150. fee. Which is to be paid back at your next pay day. But they keep extending the loan so they can keep charging you the $150 fee with out ever paying the $500. back. I never gave them permission to extend the loan. They are praying on down to earth hard working people. This place needs to be put on Dateline or something. Please stay away from this company. I did see that I am not the only one that fell victum of this place. Wish I would have checked this website before it happened to me.

Travis
Gardners, Pennsylvania
U.S.A.

This report was posted on Ripoff Report on 02/09/2009 09:21 AM and is a permanent record located here: https://www.ripoffreport.com/reports/loan-point-usa/salt-lake-city-utah-84108/loan-point-usa-this-company-will-take-your-money-for-as-long-as-they-can-get-away-with-it-421887. 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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#1 Consumer Comment

Question?

AUTHOR: Robert - (U.S.A.)

POSTED: Monday, February 09, 2009

How can they keep extending the loan if you repay the entire $500 plus $150 fee that you agreed to pay on your next payday?

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