Complaint Review: LOANMART - VAN NUYS CALIFORNIA
LOANMART Total CROOKS~ They will loan you $2,510 to evade the California Interest Rate law -- which is ILLEGAL.. Then, they will lie to you by saying if you don't pay your bill on time, they will repo your car - this is a lie as they will repo your car, and sell it, never reducing the balance of your loan, then sue you in small claims for triple the amount you borrowed. They make it impossible to pay back, at interest rates up in the 200% range. You will pay at least 4x the amount you borrowed - over $10,000 for a $2,510 loan. I have been trying to get some attention to shut them down, but so far they are being allowed to operate illegally in so many ways. REPO'd MY CAR, SOLD IT, NEVER REDUCED BALANCE, SUING ME IN SMALL CLAIMS VAN NUYS CALIFORNIA
*Author of original report: TITLE LOAN
*Consumer Comment: You appear confused
*Consumer Comment: So
*Consumer Comment: And?
*Consumer Comment: And It's Wailing Time Again
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THEY WILL LOAN YOU A LITTLE MORE THEN $2,500 TO EVADE THE CALIFORNIA INTEREST RATE CAP LAW, WHICH IS ILLEGAL YET NOBODY IS DOING ANYTHING ABOUT IT! THEY WILL REPO YOUR CAR, SELL IT IN A PRIVATE AUCTION, NEVER REDUCE YOUR BALANCE, SUE YOU IN COURT FOR TRIPPLE THE AMOUNT BORROWED, AND LIEN YOUR ASSETS UNTIL YOU ARE FINANCIALLY RUINED AND DEAD. YOU WILL REGRET BORROWING FROM THESE PEOPLE, AND THEY SHOULD BE SHUT DOWN..
This report was posted on Ripoff Report on 07/06/2018 06:22 AM and is a permanent record located here: https://www.ripoffreport.com/reports/loanmart/van-nuys-california-91409/loanmart-total-crooks-they-will-loan-you-2510-to-evade-the-california-interest-rate-l-1450489. 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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