LoanMe Inc

Before I took out a $loan I asked the company about the terms, apr, daily accrued interest etcI was able to record audio of them answering my questions deceptivelyThey continued to rush me as fast as the could and when I asked for time to go over everything they called every dayThey never gave me access to the contract and when the time came to make payments I realized they had lied about the aprIt was almost 140% accrued daily! For a $loan I would be stuck paying it back for many yearsThey will be making $20,off of me when all is said and done
This company alone will put you in financial ruin

The reason for my writing is that this company is being unreasonable, I am a fire fighter who sustained severe injury following a fall in early Due to the injuries I sustained, I was unable to work for nearly a year and a halfI suffered emotional stress and developed Post-Traumatic Stress Disorder and couldn’t function mentallyMy condition was so bad that I could not manage my financesDue to my emotional state, I had to get a debt management company to do this on my behalfThe debt management company resolved and settled all the accounts that were late
As a result, I notified this company about the situation attaching a Doctors letter as proof of injury to support my claims, requesting removal of the late payment history since it was never my intention to be lateBut to my surprise, this company has refused to cooperate and still keeps all the data that I had requested to be removed
Again I request that the late payment history of this account be deleted as soon

I have a payday loan with Transpacific Currency Services on Redhill, Tustin, CAI asked about their loan productsThey usually recommend LoanMeI hesitated because I've had problems with their ethics practicesThey're unscrupulousThe staff assured me they claimed they will work w/TCS customersTheir clients don't have stellar credit with FICOs above Their incomes are typically lessMine is better but my FICO is lowAt their suggestion & great reluctance I applied on 7/19/You have to do it directly w/LM by phoneI spoke to Natalie at 5:PM @ (888) 891-***She said she was unable to get my app to go thru, had no idea why, would talk to her supervisor (at my insistence for a reason as to why) & call me back before she left at PMShe never did! No surpriseI told TCS of my experienceThey were shocked because that isn't what they were toldThey are being asked to promo LoanMe's product to their clientsAll LoanMe is doing is clocking numbers, running i

I've had a problem for the month of May with my check my money that I received every weeks due to my commission money has not been the same, so that has stopped me from making my May payment because I have no t have sufficient fundsI spoke to a representative explain the issue and I said I will call when I have my debit card because I wan to set it up automatically to be deducted from my acct, she explained to me the late fees, I said ok, I have no other choiceToday I received a call to my work phone number, and a young lady starts harassing me for the payment and accusing me of lying, she raised her voice and talked over me, to the point that very unprofessional her "supervisor" randomly takes over the callSo I went from talking to her and all of the sudden it was a maleI tried explaining the situation and he starts doing the same thing talking over me, I feel harassedIt is very unprofessional coming from the manager and questioning me regarding my salary with details, th

Do Not Do Business with this company They are a total ripoff They are definitely a predatory company that prey on the people when they are going through a hard time I got a loan with this company in March for $ After paying $for almost two years, I am told that I still owe $ That is crazy! I don't understand how the government allows companies like this to exist STAY AWAY FROM THEM

About a year and half ago, I took out a Personal Loan in the amount of $3,from LoanMe, Inc, and my payments are $a monthIn March, I called to discuss the loan and request a pay-off amount at that time over the phone I was quoted $3,I asked the representative how that could be possible if I have been paying the loan on time every month for the last year and a halfThe representative stated that when they provide personal loans they advise borrowers to pay more than the amount due in order to bring down the principal sooner than disclosed in the Schedule of PaymentsAt that specific point in time, I didn’t have time or energy to research the issue any further as I was in the middle of selling my house, re-locating, and burying my parentsI called LoanMe, on 5/23/to obtain a new pay-off quote as now that all is settled, I would like to pay the loan offWhen I spoke to Customer Service and requested a pay-off amount, I was quoted an amount of $3,over the phon

my fault for using this company but I was in a bind $10K personal loan was quickly approved which I suspect is typical They were up front about the high interest rate and the total cost of the loan What they were absolutely not up front about nor did they even mention is that the interest payments are more front end loaded than a mortgage After months of payments at $per, my principal had reduced a whopping $ With on-going accumulated interest, my final payoff was still over $10,

The problem is the harassing calls that are made to my place of work and also to my I'll mothers home.Also I don't deny the fact that I owe the debt incurred however the downplay mentioned of is too steep for me to make all at once .then turn around and have to pay dollars a month.I think it's a scam to be honest with you.and they want me to pay pack 18,dollars from a dollar loan.they are unwilling to work with my indivisible need.like I said the calls during my work hours and to my job is ridiculous.I'm willing to pay but I need a chance to pay lower payments a month.I had issues concerning hardships and my bank account that would not allow for me to abide under the initial agreement.please help

Crooks!! This company is awful and rips people off!

I've been charged high interest and they wouldnt work with me on the long run now they are going to garnish my wages and now I might have to live in the streetsShame on loan me!!!!

LoanMe,
Inc(“LoanMe”) is in receipt of our customer’s above referenced
complaint, and we welcome this opportunity to respond to help clarify and
resolve the matter with our customerPlease allow this to serve as our formal
response.Our
records indicate that on July 6, 2015, our customer
entered into an unsecured
consumer installment loan contract with LoanMe in the amount of $3,100.00,
which was funded on July 7, In compliance with the Truth in Lending Act
(TILA), LoanMe’s Promissory Note and Disclosure Statement (the “Note”),
properly displays the terms and provides all of the required disclosures,
including the interest rate, APR, and the repayment schedule of months
Furthermore the Note provides that the loan may be paid off in part or full
without incurring any prepayment penalty.Our customer
asserts that LoanMe harassed her according to the Fair Debt Collections
Practices Act (“FDCPA”)Calls to delinquent customers are never intended to be
anything other than a professional effort to collect a debt that has become
delinquentLoanMe follows both state and federal debt collection practice
guidelines with respect to debt collectionsTelephone contact attempts are
only made between the hours of a.mand p.mlocal time, without exception,
in accordance with the Fair Debt Collection Practices Act (“FDCPA”), even
though LoanMe is not a debt collector as defined by the FDCPA. Several
call attempts may be made during the course of a day, but once contact is made
with the customer no further calls will be made that same day without the
customer’s permissionIt
is important to note that LoanMe makes every attempt to assist its customers
while servicing loans. Our policies regarding calls are set forth in the
Note that our customer signed, indicating her agreement and acceptance of the
terms. In doing so, our customer provided her express consent to
call her to discuss her account and the payment of her loanThe Note also
includes a provision that allows our customer to cancel the consent, and although
our customer never provided written instruction to stop the calls, LoanMe
discontinued all calls to her upon her verbal requestTo date, no further
phone calls have been made.In
accordance with LoanMe’s policies, LoanMe did the following upon receipt of
this complaint:LoanMe made internal notations to the system.LoanMe placed the loan in a cease and desist queue which further prevents future communications by phone to the borrower.We
thank you for this opportunity to respond, and hope that we have helped to
clarify the matter for our customerIf our customer has additional questions
or concerns, she may contact LoanMe directly at ***

I have tried their loan and honestly it was fast but very very unclear and when it was time to pay intrest rate was so high that out of my almost $monthly payment only $went to the principleThey did

I took out a loan on November 11th, for $Annual percentage rate is Making my monthly payments $The total amount of the loan would be $16,I paid one or two payments and then couldn't afford it anymore, so they went to court to garnish my wages on May 2nd, They starting garnishing my paycheck every two weeks in Septemeber of for $They did this until January of and I was told by my employer that it was paid off in fullAll of a sudden LoanMe employee Ashlee Flores contacted my employer and said that they are still interest /fess that has not been paid in the amount of $SHe said it might be attributed to a daily interest/fees charged by the ** *** *** DepartmentOn the Earning Withholding Order, they sent me it clearly states the *** Fee is $

Today I came in contact with a loan officer by the name of Brian N and he was very rude to me over the phoneEverytime I tried to explain my situation to him he would talk over me and become very argumentativeI will not do business with this company ever again nor will I recommend them to my worst enemyI believe this company is out to rob everyone of all their moneyStay clear of them PLEASE!!!!

Horrible company STAY AWAY don't fall for the trap A $2,loan cost me $10,in repayment fees I had a debt consolidation with my credit union we called loan me to verify amount, showed up at their offices with a cashiers check that was refused because the words "pay off" were in the notation field Somehow magically in a minute drive to drop the check off my balance had gone up $more dollars This company needs to be stopped

I took out a loan a few months ago of $2,600, I sent in a payment of $2,to pay it off and they are still charging me $because of interest chargesI dont think thios is appropiate, I would like my money back

Do Not Do Business with this company They are a total ripoff They are definitely a predatory company that prey on the people when they are going through a hard time I got a loan with this company in March for $ After paying $for almost two years, I am told that I still owe $ That is crazy! I don't understand how the government allows companies like this to exist STAY AWAY FROM THEM

LoanMe, Inc(“LoanMe”) is in receipt of the consumer’s above-referenced complaint, and we welcome this opportunity to respond to help clarify and resolve the matterPlease allow this to serve as our formal responseLoanMe’s records indicate that the customer entered into an unsecured
consumer installment loan on January 14, 2016, which included the funded amount of $5,minus a $pre-paid finance charge/origination fee. During the pre-funding conversation, the LoanMe loan agent informed the customer of the interest rate on the loan, the loan’s Annual Percentage Rate (“APR”) that the loan does not have a pre-payment penalty and the total amount that would be paid on the loan if the loan was kept for the full term of months. In compliance with the Truth in Lending Act (“TILA”), LoanMe’s Promissory Note and Disclosure Statement (“Note”) properly displayed the loan terms and provided the required disclosures, including the interest rate, the APR, the Finance Charge, the pre-paid finance charge/origination fee amount, and the repayment schedule of monthsIn addition, the terms of the Note stated that interest is calculated on a 360/simple interest basis, and the Note indicated that the loan can be paid in part or full at any time without incurring a prepayment penaltyThe loan agent encouraged our customer to read the Note in its entirety before signingOur customer then signed the document electronically in compliance with the Electronic Signatures in Global and National Commerce Act (E-SIGN), indicating that he read and agreed to the terms and conditions of the NoteLoanMe advertises and offers loans to consumers within a wide range of credit histories and credit risk profiles, and as a result the interest rates and APR’s for our loan products vary widely. Our internet website accurately reflects the interest rates and APR’s for the products we offer, including those applicable to the loan that our customer agreed to and received from LoanMeAdditionally, the loan provided was made in accordance with LoanMe’s Finance Lender License issued by the State of California Department of Business Oversight (License #603K061)The customer raises a concern regarding how his loan could have a higher balance three weeks after it funded than the amount that was initially borrowed. The reason for this is because a payoff amount is comprised not only of the principal amount owed, but also any interest that had accumulated on the loanBecause during the first few weeks of the loan the principal had not been paid down and accumulated interest was due (calculated on a daily basis as indicated above), the payoff balance would be higher than the original loan amount of $5,As with most loans, and consistent with the terms of the Note and the amortization schedule provided to the customer, payments made towards the beginning of a loan have a greater portion of the payment allocated toward interest and less towards principal. Over time, and as the loan is paid down, a larger portion gets allocated to principal until the loan is paid in fullThe LoanMe representative informed the customer in the pre-funding telephone call that the loan has no prepayment penalty. LoanMe encourages our customers to pay extra amounts toward principal to pay the loan off earlier than scheduled, and to reduce the overall expense of the loan compared to when making payments only as scheduledFor the security of our customers, and as stated in the Note and agreed to by our customer, Loan Me records telephone calls for quality assurance purposes. The recording device creates a beeping sound during the call. We have listened to the recorded calls between the customer and the LoanMe representatives and we have found our representatives to be nothing but courteous. At times our representative had a difficult time understanding the customer, and politely asked him to repeat what he said so that we could better assist him. However, contrary to what our customer stated in his complaint, he was not asked to provide the same information five timesWe thank you for this opportunity to respond, and hope that we have helped to clarify the matter for our customerIf our customer has additional questions or concerns, she may contact LoanMe directly at ***

LoanMe,
Inc(“LoanMe”) is in receipt of the above referenced complaint, and we welcome
this opportunity to respond to help clarify and resolve the matterPlease
allow this to serve as our formal response
Our records indicate that
our customer entered into an unsecured
consumer installment loan with LoanMe on
May 28, 2015. During the application for the loan, and prior to funding,
a LoanMe loan agent reviewed the terms of the loan with our customer, including
the interest rate of the loan, the Annual Percentage Rate (APR), the monthly
payment amount, the origination fee, the due date, and the number of payments
required on the loan if paid as scheduled
As
a courtesy, LoanMe approved our customer for a loan modification on May 5, 2017,
due to his financial hardshipLoanMe was under no obligation to do so, but did
this in order to provide assistance to our customer Per the loan modification, the monthly payment
amount and interest rate was reduced substantially, compared to the amount
required under his loan contract
Based
on our research of the complaint and our records, we have confirmed that LoanMe
debited our customer’s bank account once on May 12, and a second time on May
19, This was because the modification documentation had not yet been
signed and received by LoanMe, which left our customer’s account in a past-due
status. LoanMe apologizes for any
confusion that may have occurred regarding the modification process, and
realize there may have been communication and timeliness issues which contributed
to the misunderstanding
We
have since contacted our customer and confirmed that reallocating the payment
toward the modification arrangement will work as a solutionThe initial debit
of $will count towards the first loan modification payment, and LoanMe
will reallocate our customer’s payment of $on May 19, to his next
payment due on July 1,
In
closing, we would like to thank you for this opportunity to respond, and hope
that we have helped to clarify the matter for our customer regarding the
statements he made in his complaint. If our customer has additional
questions or concerns, he may contact LoanMe directly at 844-764-

LoanMe, Inc., (“LoanMe”) is in receipt of the consumer’s above-referenced complaint, and we welcome this opportunity to respond to help clarify and resolve the matter. Please allow this to serve as our formal request.LoanMe’s records indicate that our customer obtained an unsecured consumer
installment loan on May 22, 2015, which included the amount of $2,minus a $pre-paid finance charge/origination feeDuring the application for the loan, a LoanMe loan agent reviewed the terms of the loan with our customer, including the interest rate of the loan, the Annual Percentage Rate (“APR”), the monthly payment amount, the origination fee, the due date, late charge, and the number of payments required on the loan if paid as scheduled.In compliance with the Truth in Lending Act (“TILA”), LoanMe’s Promissory Note and Disclosure Statement (“Note”) properly displayed the loan terms and provided the required disclosures, including the interest rate, the APR, the Finance Charge, the pre-paid finance charge/origination fee amount, and the repayment schedule of months. In addition, the terms of the Note state that interest is calculated on a 360/simple interest basis, a $late charge if a payment is more than days late, and the Note also states that the loan can be paid in part or full at any time without incurring a prepayment penalty. Our customer signed the document electronically in compliance with the Electronic Signatures in Global and National Commerce Act (E-SIGN), indicating that she read and agreed to the terms and condition of the Note. LoanMe does not engage in predatory lending. LoanMe is licensed under the California Finance Lender Law, which our loans comport to, as well as applicable federal laws and regulationsLoanMe received a call from our customer on March 10, and requested to change her March payment ACH draft date from March 15, to March 25, for due to her extenuating circumstances. Because the payment was due on March 1st per the Note, and already extended to the 15th, LoanMe requested information from our customer to better understand her current financial situation, and to determine how we could best assist herIf our customer interpreted any of the conversation between us and her to be less than professional, we would like to sincerely apologize as that was not our intentAt the end of that conversation, our customer advised that she did not wish to change her payment draft date after allThe representative handling the request mistakenly placed our customer’s loan on a promise to pay scheduled for March 15thThis resulted in the follow up call on March 14th, and we apologize for any confusion it may have causedIncidentally, during a subsequent call, our customer elected to have her draft date for the March payment changed to the 25th of the monthIn reviewing this complaint, we recognized the error and have since taken steps to remedy the situationAs a courtesy, LoanMe back dated our customer’s payment to March 15, (the regularly scheduled ACH draft date for her loan), and has waived the $late fee that was charged.Additionally, upon receipt of this complaint, LoanMe has ceased all phone calls to our customer and to her place of employment, and we have taken additional steps to ensure that only communication in writing takes place regarding matters pertaining to her loan. We thank you for this opportunity to respond, and hope that we have helped to clarify the matter for our customer. If our customer has additional questions or concerns, she may contact LoanMe directly at ***