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Report: #1338523

Complaint Review: Spotloan - Internet

  • Submitted:
  • Updated:
  • Reported By: Lmp124 — Voorhees New Jersey USA
  • Author Confirmed What's this?
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  • Spotloan Internet USA

Spotloan High interest loan for small loan scam Internet

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 This website gives small loans, however they have an extremely high interest rate, so it takes forever to pay off any loan, and a small loan costs way more then it's principal. I read the small print on the website and I saw in very very tiny print after I had received my loan that this was one of those Native American loan things and I saw something about 450%. When I contacted the company about paying the whole thing off, they scheduled it, but then I had an issue where I could not obtain the money because a delay with transferring money in my bank. I contacted them, asking for a few more days to pay off the loan early, and asked if I could just go ahead with my regularly scheduled payment. They said we need 2 days notice for anything. I gave them notice the day before. All correspondence after that was ignored by them. They ignored me a lot. Terrible customer service and really deceiving terms that are very small on the website and hard to read.

This report was posted on Ripoff Report on 11/16/2016 06:09 PM and is a permanent record located here: https://www.ripoffreport.com/reports/spotloan/internet/spotloan-high-interest-loan-for-small-loan-scam-internet-1338523. 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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