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 20-Nov-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 20-Nov-14 says, verbatim –

Do not do business with them!!! They are predatory lenders charging 768% in interest. I am paying $300.00 a month for fifteen (15) months … yes 15 months! My Five Hundred Dollar loan is going to cost me $2,500.00!!!! That is Two Thousand Dollars ($2000.00) in interest!!! I think a class action suit is mandatory in order to put these predators out of business. Can anyone help, or advise as to the best possible way to stop these, for lack of a better word, people? | We were told when we took out the loan that the total payback amount would be $600.00. The next amount being deducted from our account will satisfy that amount. Therefore, they should not be taking money out until May, 2015. Three Hundred Dollars ($300.00) a month for fifteen months? For a Five Hundred Dollar ($500.00) loan?? My gosh… I should have just had my utilities turned off. I would have been better off than I am now … I honestly don’t know what to do. Please help. Do not go through them at ANY cost!!

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