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American Web Loan

United States

Consumer reviews about American Web Loan

leader
Apr 3, 2012

It's a scam! They are charging me 30% of interest every 2 weeks

I've received a loan of $1000 from them and was told the first payment would be $300 for interest of the whole loan and the other payments will go towards that $1000. It's been 3 months and I still owe them $1000. They charge me 30% every two weeks. I called them and they said it's all in the contract! What a scam!

ronnie78
May 9, 2012

interest: $360 per month

I took a loan from them 4 months ago and so far they were charging me $180 every two weeks. This turned out to be just the INTEREST! Don't ever take a loan from them!

braulia
May 20, 2014

scam

I have a Payday Loan with American Web Loan back in January 27, 2014, my loan is for $400.00 dollars, when i apply for it they call me and said you been approved for $400 dollars, I spoke to this very nice lady over the phone said that the first 3 payments were going to interest and then the forth payment will be applying toward the principal, end of april i check the account with them i still owe the $400 they lend me, I check my bank account shows that every 15 and 31 of the month there was a $120.00 that American Web Loan was taking, Paid 9 payments of $ 120 totally of $1080.00 and none of that has been apply to my principal
On 5-16-2014 i closed my bank account and on 5/20/2014 American Web Loan called me that i need to pay them the remaining of the 16 payments of $120.00 that i aggree on, when i sign the aggreement they did not mention any of that i aggree on paying them 16 payment of $120 equals to $1920 and them i can start paying my principal, they refused to give me an address i can send the money, i said i was going to pay only my principal of $400. because i overpaid them. she said that they will waive the remaining of the 16 payments and pay them $625.00.. please some one help me

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