I did business with this Loan Point company back in 2009 for a $300. They deducted $90 every two weeks for four weeks and today 12/23/11. Over two years later, I'm getting a claim filed against me for not paying the loan amount. This company is a fraud and will pursue further legal action.
Consumer Complaints & Reviews
This company should be charged with fraud and convicted. I had a loan for $700.00 in July, and they have taken $210.00 every payday since. When I tried to get this matter resolved, they did not respond by phone or email, but contined to tell me to contact them. I wish there were some way to regain the money I lost.
This loan agency has been deducting $180.00 from my checking out and when I just put through the original amount loan, it still contained the $180.00 fee although it is not due yet. This company does not seem to have an address as I cannot locate it on the internet. Please assist me. I am sure thousands of individuals are being robbed of their money as it is happened to me.
I took out a loan for $300 with this company in July '07. They have been debiting my checking account $90 every 2 weeks since then. I called them up after reading several forums about them and other payday loan companies and asked them to close the account and mark it as paid in full. The agent asked me how did I feel my account was paid out--the $90 I've been paying was only interest, none of it was going on paying my balance down. I have already sent a complaint to the BBB and to the Attorney General's office here in Alabama.
I have paid nearly $1000 to these people on a $300 loan.
