Complaint Review: Title Max - Woodstock, GA - Woodstock Georgia
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- Author Not Confirmed
- Title Max - Woodstock, GA 6869 Georgia 92 Woodstock, Georgia USA
- Phone:
- Web: titlemax.com
- Category: Loans
Title Max - Woodstock, Georgia Employees: Letruma & Angelanette Rip off, my money wasn't being placed on the principal a $2000 loan I've paid over $4000 and still owe $1200 after 2 years... what is really going on?? Woodstock Georgia
*Consumer Comment: Very, Very Simple Explanation
*Consumer Comment: Only thing I can say...
Show customers why they should trust your business over your competitors...
I originally took a $2000 loan out to do auto repairs. After 2 years and countless $277 payments I, now, only owe $1200 to pay off my loan... What?
Letruma was taking care of me, or so I thought. She would take my payments as "interest" and never applied to the principal. I am now 2 years and a couple thousand dollars poor with a debt of $1200 to get my title on a car that now is worth less than the amount to get my title.
Sunny in Atlanta
This report was posted on Ripoff Report on 05/19/2014 08:46 AM and is a permanent record located here: https://www.ripoffreport.com/reports/title-max-woodstock-ga/woodstock-georgia-30188/title-max-woodstock-georgia-employees-letruma-amp-angelanette-rip-off-my-money-was-1147843. 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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#2 Consumer Comment
Very, Very Simple Explanation
AUTHOR: Jim - ()
SUBMITTED: Monday, May 19, 2014
A loan such as this, (and many others), are structured as per "AMORTIZATION". This means your payments are FIRST applied to interest and then the principle. Loans like this have a very high interest raye. Read your contract. There's nothing immoral, illegal or unethical. It happens every day with car loans, home loans, personal loans!
#1 Consumer Comment
Only thing I can say...
AUTHOR: MochaG - ()
SUBMITTED: Monday, May 19, 2014
I hope you now have learned about how loan shark is operating. It is a rip off but you agreed to take it (sgined the contract without carefully reading bu rather believed in whatever the agent is telling you), so there should be no complain from you but warning to others.
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