Complaint Review: LOANMAX CAR TITLE LOANS - Manassas Park Virginia
- LOANMAX CAR TITLE LOANS Manassas Park, Virginia United States of America
- Phone:
- Web: loanmaxtitleloans.net
- Category: Loans
LOANMAX CAR TITLE LOANS RIPOFF-PLEASE NEVER GET INVOLVED WITH THIS COMPANY! Manassas Park, Virginia
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I obtained a car title loan from LoanMax in October 2011 in the amount of $2,300. I have made 4 monthly payments on my loan of $473 a month. I called for a payoff amount today (March 2012) and my payoff amount is over $2,200!!! How can I still owe that much when I have paid them almost $1,000 of the $2,300. Because NONE of your payment money goes toward the principle, only the interest. I guess I was so hard up for the money at the time I didn't bother to realize that the interest rate is like 300%. This is just ridiculous & should be illegal. I don't know how I will ever get myself out of this situation other than paying the $473 a month for an entire year but once I do I will NEVER get another car title loan again in life. I will let my electricity, gas, water get shut off, I will go hungry or live on the streets before I ever sign another contract with these people. Please heed my advice & never get involved with this company.
This report was posted on Ripoff Report on 03/16/2012 10:46 AM and is a permanent record located here: https://www.ripoffreport.com/reports/loanmax-car-title-loans/manassas-park-virginia-20111/loanmax-car-title-loans-ripoff-please-never-get-involved-with-this-company-manassas-park-854853. 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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