Complaint Review: Spotloan - Internet
- Spotloan Internet USA
- Phone: (888) 681-6811.
- Web: https://www.spotloan.com/
- Category: Loans
Spotloan $ 842 "Fees" for $ 129 ????????????? Internet
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I secured a loan via Spotloan and was well aware it was a HIGH interest rate and it was a mistake on my part. I have even done so multiple times, always agreeing to the high interest rate and paying off my complete loan + interest in full. My recent (LAST) loan with them I was following my initial paperwork with them in anticipation of only owing one more payment of $ 59.00 to have my loan paid off in full. Turns out one my FIRST payment did not go through as scheduled and I was NEVER notified in writing by Spotloan so they were charging me interest on a daily basis, so it turns out they are saying I owe them ANOTHER $ 842 ?!?!? So what was initially an $800 loan I am now forced to pay ANOTHER $ 842 in interest, on top of the $ 1677 that I have already paid! Unbelievable and I will now be broadcasting the deceptive loan practices of Spotloan to all I can in hopes that no one else will be caught like I am. While a good service for people that need it ( I WAS a repeat customer) this crosses the line of ridiculous and almost criminal and I wish to alert as many people as I can to the way Spotloan practices business.
This report was posted on Ripoff Report on 06/01/2016 12:24 PM and is a permanent record located here: https://www.ripoffreport.com/reports/spotloan/internet/spotloan-842-fees-for-129-internet-1308915. 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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