American Web Loan Review

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This is an archive of a consumer complaint published against American Web Loan at Scamity.com on 06-Dec-14.

 

Business Details –

  • Name: American Web Loan
  • Address: 522 N. 14th St., Box 130
  • City: Ponca
  • State: Oklahoma
  • Country: United States
  • Phone: 877-636-1353
  • Website: https://americanwebloan.com/

 

Original Complaint against American Web Loan published at Scamity.com on 06-Dec-14 says, verbatim –

I applied for a loan from American Web Loan in August for $400.00 to cover an emergency. I have been paying back over $200.00 a month. I called today to see what my balance is. They said $340.00 I asked where the $200.00 was going and she said all that went for interest. The only amount paid on the principal was $60.00 I paid extra one payday. These payday loan companies are owned by Native American tribes. I do not understand why they are allowwed to do this to people. I am struggling just like everyone else. I borrowed this money and now am paying 60% interest a month. I have paid back over $1,000 on this loan. Anyone have a suggestion as to what I can do? I told them I am closing my bank account.. |

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