American Web Loan Ripoff on loaning money does not disclose all information, refused to give copy of contract signed Internet, Missouri

1st of Dec, 2011 by User223098

American Web Loan helped me so I thought during a rough time finanically. I have use others with no problem, HOWEVER, this one is a total ripoff. I borrowed $700.00, the customer service rep said I was approved and would only have to pay back 900.00 and my payments would be $210.00 till it was paid off, and I could pay it off at anytime. Ok, didn't sound to bad. Never got a copy of my contract, needed a copy of my paycheck stub (which they let me take a picture on my phone and send it to them, should of been my first RED FLAG), sent the information. Saw the first payment of $210.00, no biggie, two weeks later another $210.00 ???? What ?? and so on and so on to the tune of $1050.00. I called today and they said that I still owe $700.00 plus a fee of $210.00 so my total payoff is $910.00 and that the $1050.00 I paid was to extend the loan till I paid the $910.00, kinda like and extension fee... So DON'T USE THESE RIPOFF PEOPLE...I was never told this in the beginning or I would of never of gone through with it. And these are American Indians that are running this according to their web page. American ?????? Well I guess that is questionable at this point. Learned an important lesson and don't want anyone else to get screwed by this company.

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