Titlemax of Alabama d.b.a. titlebucks Horrible, crooked, misleading company. unethical interest rate. Huntsville, Alabama

18th of Oct, 2011 by User877242

First off, I want to say that I made the decision to get a title loan. Nobody forced me to sign my name and agree to give my title as collateral for this loan. With that being said, I do feel that I need to let others know that this Company, TitleMax of Huntsville ALabama, is nothing short of the Devil in disguise. In April of 2011, Huntsville, AL( along with many other cities in the south) werre completely devastated by an outbreak of tornadoes. Thousands of homes were lost, and many many lives were taken by these storms. Huntsville has never seen this scale of destruction and were not prepared for the aftermath. The entire city of Huntsville( hundreds of thousands) was in a total blackout for more thatn a week. I lost 2 weeks of income because every business was without power. I needed to make up that lost income so I heard a friend say that he put his title up and received $1,000.00. I found Title max in the phone book and was in their office within the hour. Never was I told that my" payment due" that I was told to pay once a month, only covered the Interest on my loan for the previous month. In other words, my payment due every month according to TitleMax was $146.00, which $0.00 went toward my principal on my loan. Ultimately it is my fault for not reading the fine print but I thought this company provided a service for those in need, while making a little profit for offering the service of a loan. Instead I signed up for a lose lose deal. I have been paying on my $1,000.00 loan since April 2011 and it is now October 2011 and was never told that I might want to try to pay on the principal to pay this off. I happen to notice on my receipt that my Loan principal is still $977.00 after paying $730.00 in payments. So TitleMax has made $707.00 on me since April, and I still owe $977.00 on my loan... HOW CAN this be legal people??? come on, I am almost afraid to walk in there now that I know what thieves and liars this company are.... I dont want to get struck by lightning or have to suffer Hells Fury just by unluckily being there at the wrong time( Because believe me, this company will pay for what they are doin.... God sees everything.. I just hope I have helped someone else not make the same mistake I have done.
God bless America and the hard working , honest men... Thank you for taking the time to hear my story.

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