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Ameriloan more than pissed!!!

  • by   Aug 23, 2010
  • 1 comment
  • Review #: 195290
Company Ameriloan
Product / Service Loan
Location North Bend, Washington
Category Loans and Mortgages
Views 81
 

I got a $300.00 loan from Ameriloan and for a $300.00 loan, there is a $90.00 fee. I expected to pay back $390.00 on my next pay day. Instead of them taking $390.00 from my account on the due date, they only took $90.00.

I tried calling to find out why they only took $90.00 and not $390.00 but could never get ahold of anyone, so I decided to wait and see what happened the next pay date.

It turns out that although I wanted to pay the loan off the very next payday, they ignored my request and on the next payday, they took another $90.00.

Ok, now I'm pissed so I sent in a fax ordering them to stop what they call re-newing my loan. It turns out every payday they were charging $90.00 to renew the loan still leaving you with the principle balance.

I never wanted to re-new my loan but to keep these people from harrassing me at work and constantly adding fees and affecting my credit, I ended up paying $570.00 for a $300.00 loan.

They need to be stopped!!! They are taking advantage of people in bad situations and making their situations even worse.
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Oct 04, 2010 
check this link www.paydayloan/legislation.com check your state,and look up your state laws regarding payday loans. Also check out this site: www.prepaidlegal/hub/robertkimball for prepaid legal services (it is like medical insurance only you get lawyers instead of doctors, and only $24 a month!) worth it's weight in gold truly! Don't let these guys scare you, you have rights, they are predatory lenders and answerable to laws and regulations!
Reply to Valkyrie4ever
 

Read next Ameriloan complaint

Lets take Ameriloan DOWN!!!!!!!

Instaed of us all making complaints lets do something about the company.I took a loan for 350 and ha...

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