I received a denial letter from the company concerning an applicationI did not go forward with the application but meanwhile they without my consent continued the application (based on the email denying me) when I changed my mind before completing the applicationReached out to the company by email and received no responseVery shady practice
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
LoanMe, Inc(“LoanMe”) is in receipt of the 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 response The customer did not raise any new points that were not already addressed by LoanMe in our initial response If our customer has new facts or additional information that was not considered in our initial response, LoanMe would be happy to review such information As mentioned previously, by filling out and submitted an online application an applicant has given their express permission to run their credit report Later our customer decided he did not want to move forward with the application process and cancelled the loan LoanMe properly cancelled his loan application and noted the reason for cancellation as “cancelled by the applicant.” Per applicable laws and regulations, a notice of Adverse Action was sent properly to our customer confirming that no credit was issued in this case No other information is reported to the credit report agencies following the initial credit inquiry, unless a loan is approved and funded The original credit inquiry was generated properly based on the application for credit, and will remain according to the proper timeframe as outlined by the Fair Credit Reporting Act (FCRA) No other information was reported or shared with the credit reporting agencies 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 complaintIf our customer has additional questions or concerns, he may contact LoanMe directly at [redacted]
LoanMe, Inc(“LoanMe”) is in receipt of the consumer’s follcomplaint, and we welcome this opportunity to respond to help clarify and resolve the matterPlease allow this to serve as our formal responseThe customer is raising points that were already addressed by LoanMe in our initial response If the customer has new facts or additional information that was not considered in our initial response, LoanMe would be happy to review such informationWe thank you for this opportunity to respond and if our customer has questions or would like to submit additional information, she may contact LoanMe directly at [redacted]
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 response LoanMe’s records indicate that the customer entered into an unsecured consumer installment loan on April 22, 2015, which included the funded amount of $3,minus a $pre-paid finance charge/origination fee During the pre-funding conversation, the LoanMe loan agent informed the customer of the, the loan’s Annual Percentage Rate (“APR”) and 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 Again, during the ‘welcome call’ after the loan was funded, the representative went over the interest rate, the Annual Percentage Rate (“APR”) and that the loan does not have a pre-payment penalty 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 signing The Note our customer executed also stated that, “THIS LOAN CARRIES A VERY HIGH INTEREST RATE YOU MAY BE ABLE TO OBTAIN CREDIT UNDER MORE FAVORABLE TERMS ELSEWHEREEVEN THOUGH THE TERM OF THE LOAN IS MONTHS, WE STRONGTLY ENCOURAGE YOU TO PAY OFF THE LOAN AS SOON AS POSSIBLE YOU HAVE THE RIGHT TO PAY OFF ALL OR ANY PORTION OF THE LOAN AT ANY TIME WITHOUT INCURRING ANY PENALTY YOU WILL, HOWEVER, BE REQUIRED TO PAY ANY AND ALL INTEREST THAT HAS ACCRUED FROM THE FUNDING DATE UNTIL THE PAYOFF DATE.” By signing the Note, our customer certified that she understood and agreed to be bound by its termsOur 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 Note The customer raises a concern regarding how his loan could have a higher balance months 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 $3, 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 scheduled 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 [redacted]
Revdex.com: I have reviewed the response made by the business in reference to complaint ID [redacted] , and have determined that this proposed action would not resolve my complaint For your reference, details of the offer I reviewed appear below.Because I paid Loanme on June 1, posted in my account ending on June 2, in the amount of $(see attached checking statement), part of my hardship agreement I made with them on May which Loanme mentioned in the original complaint That's why I rejected their response because they ruin my credit for flaging that I'm late in june Also, until now the inquiry they made according to Loanme pulling it by mistake still in my credit reportThey did not made an action when they pulled my report for no reason, I found out because I received an alert from Exeperian and notified Loanme about it the same day on July 12thTheir customer service did not even know about it and brought my complain to their Concern Dept, and Vanessa called me back the next day, July 13th Everything is "BS" after I paid then pull payment of $5,they ruin my credit I called [redacted] yesterday, 7/they did not receive any letter from Loanme requesting to remove the inquiry This is not acceptable, Loanme should send me a copy of the letter stating they made a mistake and to remove the inquiry right away and they need to change that June paid on time This problem happened when I paid them I do not know why they ruin everything after I paid off m loan, is it because they will not get the interest anymore I paid off my loan because I cannot afford to pay their very high interest anymoreI paying my loan for one year and I still owed $5,the original amount I barrowed on June I know I learned my lesson not barrowing money from a loan shark company Loanme should fix their mistake right away, I demand from them to remove the inquiry and send me a copy of the letter they talking about and change the June to paid on time Regards, [redacted] ***
LoanMe has helped me pay off my credit cardsBig thanks to Robert Reyes, a Senior Loan Agent from LoanMe for accommodating my needs and walking me through the processHuge helpVery quick and friendly serviceThe process was also a walk in the parkAgain, Thank you to Robert and the LoanMe team!
RevDex.com: I do not see that Loanme provided or had me sign the Electronic consents required for this type of transaction. Also Loanme stated that I was apprised of the loan terms which I state were not fully clear to me. I did not consent to sign or receive disclosure electronically as required by CA law. I have reviewed the response made by the business in reference to complaint ID [redacted] , and have determined that this proposed action would not resolve my complaint. For your reference, details of the offer I reviewed appear below. Regards, [redacted]
A $3,personal loan from LoanMe Inc (opened 3/2015) is showing up on my [redacted] credit report which I have no knowledge ofI tried disputing this errant account multiple times through [redacted] directly, but it always comes back as "Verified" by LoanMe Inc
If I could give them negative stars I wouldI too, like many was in a jam and made a HUGE mistake in using this companyI initially planned on paying it back within a few months but ended up having a double surgery on my arm and loosing my jobI am still off from the surgery months later and on temporary disability, which is $less than what I was makingI tried to make arrangements with them and even with the arrangements and being told I would not be charged late fee's by more than one agent there I still am being charged, I called an asked for a Hardship exception and offered them all of my tax refund as a pay offIt was far less than the $2,I owe after paying in $of $borrowed but would have paid back the amount I was givenThis bill is my highest bill and I did not want it to go on my credit report as a negative or have them take it to court and end up wit an even higher amount since the small print in their contract states they do not notify you of court proceedingsThey did not accept my settlement offer but said they would take $which was back to the owing amount with only $taken offNo break at all when I was honestly trying to work with themOH and by the if anyone does a loan with them in case you were not aware you can email them and revoke their right to use EFT to take payments out of your bank account, I was being charged overdraft fee's when I did not have the money to begin with for the current payment or even when you make a payment early they will still draft another payment from your accountAll VERY shady and I wish I would had done more research before making the HUGE mistake of dealing with the, Contacting the State Attorney General does sound like a good step to take!
I loan $6000 and I paid each month $6000 more than 2 year and now the company stayed I still owe $80000..by the california law they can exceed 12% I dont know how they calculate my balance more than amount I borrow and since every month I paid $6000 The basics of California interest rates laws are listed in the table below. See Consumer Protection Resources for more information. Legal Maximum Rate of Interest Loan/forbearance of any money, goods, or things in action, or accounts after demand-7% or contract rate (Const. XV §1) contract rate shall not exceed 12% (Civil Code §1916-1) Penalty for Usury (Unlawful Interest Rate) Contract or agreement for greater than 12% shall be null and void as to any agreement to pay interest (Civil Code §1916-2); debtor may recover treble amount paid; willful violation-guilty of loan-sharking, a felony and punishable by imprisonment in state prison for not more than 5 yrs. or county jail for not more than 1 yr. (Civil Code §1916-3) Interest Rate
Bad credit OK?! I contacted them to get a small loan and after they ran my credit and then informed me I wasn't eligibleI don't understand because the commercial clearly states "bad credit is ok"Well, it's not true apparentlyI just wanted to let everyone who wants to apply they DO check your credit and it DOES matter,
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
I took out a personal loan with the Loan Me company I understand that these loans are designed to help someone with an immediate need for cash, and not to be paid out over a full term of the contract I borrowed 5100.00, and the payments I have made have reduced the principal by pennies Again, I understand this However, in obtaining payoff figures today, the payoff is a few hundred dollars higher than the principal balance of course they are saying this is daily interest I asked the customer service representative how would one ever be able to pay off a loan if not able to early into the loan and was told that was "virtually impossible"I then asked if could I negotiate the payoff to the "principal balance" as shown on my amortization schedule They transferred me to a "payment specialist' who checked with a manager, and yes , of course they would negotiate the payment to the principal balanceBUT, this would be a negative on my credit report! My loan paperwork spec
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
Revdex.com: I have reviewed the response made by the business in reference to complaint ID [redacted] , and have determined that this proposed action would not resolve my complaint For your reference, details of the offer I reviewed appear below I never authorized a "stub" interest payment for my January 1st monthly paymentMy loan agreement that I sighed mentions nothing of my payment being reduced to cover the interest only as wellThis calculations of a "stub" payment was never disclosedLoanMe uses this "stub" payment to lock their clients into paying interest-only payments for the duration of the loan! This should be illegal and reversed as I never authorized it, nor does my loan agreement state itThis company lowered my monthly payment to cover interest only so that none of the payment covered my principal balanceHad my payment been deducted as agreed upon in my loan contract, the original payment of $would have been sufficient to cover both principal and interest in which my principal balance would have been reducedInstead, this "stub" payment only covered the interest, which in turn kept my daily interest rate higher, in which I was charged more interest on subsequent paymentsHad my payment of $been applied, $would have went to interest and $would have been applied towards my principal balance, lowering my outstanding to $and a daily rate of $On my February 1st due date, I would have been charged interest of $instead of the $againEach subsequent month is the same as my principal balance is never reducing as I now have to cover this higher interest I am being changedTHIS is how LoanMe illegally charge their customers interestThey are creating these stub payments that are not enough to cover both principal and interest there for extending the term of the loan as more interest is calculated and tacked on Regards, [redacted]
I sent in the businesses monthly payment and filled out their form to direct debit from the business accountI received a call in July stating that I needed to contact themI did and received a very rude person on the phoneI told them what I did and who I wanted to talk toThey said they made a note and I would receive a call back if there were problemsI never received a call back or anything from that point forward from Loan MeWhen checking my credit report it says the loan was charged offThey did not bother to let me, or the business that took out the debt know there was any payment issuesI have talked with the business owner and they were never contacted by Loan Me eitherThe payments were taken from my account via ACH or sent in via check until July However my credit report shows that after paying for over a year we still owed $of the $loanThis is also inaccurate based on the loan documentation we received when the loan was taken out
I took a loan out with LoanMe and paid it totally off on 2/12/for They are still taking the monthly payment out of my account I have called LoanMe several times and they say a manager is supposed to call me They have never called me and their collections department keeps calling me and I told them that I paid the loan off
Never sure what to pickI have moved to the state of WAWhich Loan Me is awareAsked for a payment to be placed at the end of my loanOnce moving from CAthings changed from state to state have seen a huge change in my income which has caused me to be unable to care for this loanMade a promise to pay the loan on 1/29/Told by the person I made the payment to I would be notified by loan me on paper work to make my Feb payment to the end of my loanKnow one ever told me It had to be signed by JanI paid the payment to loan me @ or around PM Friday the 29thI received the email on Monday 2/1/After midnightThey have been told I live in an area where email is slow How can anyone send anything by mail if I had gotten it with know fax machine and mail that couldn't possibly reach CAby Sunday Jan 31st Makes no sensePlus why would they tell me if my money came late Friday I could pay Jan Yes there would be someone at loan me but I was told anyone
I received a denial letter from the company concerning an applicationI did not go forward with the application but meanwhile they without my consent continued the application (based on the email denying me) when I changed my mind before completing the applicationReached out to the company by email and received no responseVery shady practice
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
LoanMe, Inc(“LoanMe”) is in receipt of the 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 response The customer did not raise any new points that were not already addressed by LoanMe in our initial response If our customer has new facts or additional information that was not considered in our initial response, LoanMe would be happy to review such information As mentioned previously, by filling out and submitted an online application an applicant has given their express permission to run their credit report Later our customer decided he did not want to move forward with the application process and cancelled the loan LoanMe properly cancelled his loan application and noted the reason for cancellation as “cancelled by the applicant.” Per applicable laws and regulations, a notice of Adverse Action was sent properly to our customer confirming that no credit was issued in this case No other information is reported to the credit report agencies following the initial credit inquiry, unless a loan is approved and funded The original credit inquiry was generated properly based on the application for credit, and will remain according to the proper timeframe as outlined by the Fair Credit Reporting Act (FCRA) No other information was reported or shared with the credit reporting agencies 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 complaintIf our customer has additional questions or concerns, he may contact LoanMe directly at [redacted]
LoanMe, Inc(“LoanMe”) is in receipt of the consumer’s follcomplaint, and we welcome this opportunity to respond to help clarify and resolve the matterPlease allow this to serve as our formal responseThe customer is raising points that were already addressed by LoanMe in our initial response If the customer has new facts or additional information that was not considered in our initial response, LoanMe would be happy to review such informationWe thank you for this opportunity to respond and if our customer has questions or would like to submit additional information, she may contact LoanMe directly at [redacted]
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 response LoanMe’s records indicate that the customer entered into an unsecured consumer installment loan on April 22, 2015, which included the funded amount of $3,minus a $pre-paid finance charge/origination fee During the pre-funding conversation, the LoanMe loan agent informed the customer of the, the loan’s Annual Percentage Rate (“APR”) and 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 Again, during the ‘welcome call’ after the loan was funded, the representative went over the interest rate, the Annual Percentage Rate (“APR”) and that the loan does not have a pre-payment penalty 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 signing The Note our customer executed also stated that, “THIS LOAN CARRIES A VERY HIGH INTEREST RATE YOU MAY BE ABLE TO OBTAIN CREDIT UNDER MORE FAVORABLE TERMS ELSEWHEREEVEN THOUGH THE TERM OF THE LOAN IS MONTHS, WE STRONGTLY ENCOURAGE YOU TO PAY OFF THE LOAN AS SOON AS POSSIBLE YOU HAVE THE RIGHT TO PAY OFF ALL OR ANY PORTION OF THE LOAN AT ANY TIME WITHOUT INCURRING ANY PENALTY YOU WILL, HOWEVER, BE REQUIRED TO PAY ANY AND ALL INTEREST THAT HAS ACCRUED FROM THE FUNDING DATE UNTIL THE PAYOFF DATE.” By signing the Note, our customer certified that she understood and agreed to be bound by its termsOur 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 Note The customer raises a concern regarding how his loan could have a higher balance months 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 $3, 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 scheduled 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 [redacted]
Revdex.com: I have reviewed the response made by the business in reference to complaint ID [redacted] , and have determined that this proposed action would not resolve my complaint For your reference, details of the offer I reviewed appear below.Because I paid Loanme on June 1, posted in my account ending on June 2, in the amount of $(see attached checking statement), part of my hardship agreement I made with them on May which Loanme mentioned in the original complaint That's why I rejected their response because they ruin my credit for flaging that I'm late in june Also, until now the inquiry they made according to Loanme pulling it by mistake still in my credit reportThey did not made an action when they pulled my report for no reason, I found out because I received an alert from Exeperian and notified Loanme about it the same day on July 12thTheir customer service did not even know about it and brought my complain to their Concern Dept, and Vanessa called me back the next day, July 13th Everything is "BS" after I paid then pull payment of $5,they ruin my credit I called [redacted] yesterday, 7/they did not receive any letter from Loanme requesting to remove the inquiry This is not acceptable, Loanme should send me a copy of the letter stating they made a mistake and to remove the inquiry right away and they need to change that June paid on time This problem happened when I paid them I do not know why they ruin everything after I paid off m loan, is it because they will not get the interest anymore I paid off my loan because I cannot afford to pay their very high interest anymoreI paying my loan for one year and I still owed $5,the original amount I barrowed on June I know I learned my lesson not barrowing money from a loan shark company Loanme should fix their mistake right away, I demand from them to remove the inquiry and send me a copy of the letter they talking about and change the June to paid on time Regards, [redacted] ***
Received calls in hours and they never leave a voicemail!!!
LoanMe has helped me pay off my credit cardsBig thanks to Robert Reyes, a Senior Loan Agent from LoanMe for accommodating my needs and walking me through the processHuge helpVery quick and friendly serviceThe process was also a walk in the parkAgain, Thank you to Robert and the LoanMe team!
RevDex.com: I do not see that Loanme provided or had me sign the Electronic consents required for this type of transaction. Also Loanme stated that I was apprised of the loan terms which I state were not fully clear to me. I did not consent to sign or receive disclosure electronically as required by CA law. I have reviewed the response made by the business in reference to complaint ID [redacted] , and have determined that this proposed action would not resolve my complaint. For your reference, details of the offer I reviewed appear below. Regards, [redacted]
A $3,personal loan from LoanMe Inc (opened 3/2015) is showing up on my [redacted] credit report which I have no knowledge ofI tried disputing this errant account multiple times through [redacted] directly, but it always comes back as "Verified" by LoanMe Inc
If I could give them negative stars I wouldI too, like many was in a jam and made a HUGE mistake in using this companyI initially planned on paying it back within a few months but ended up having a double surgery on my arm and loosing my jobI am still off from the surgery months later and on temporary disability, which is $less than what I was makingI tried to make arrangements with them and even with the arrangements and being told I would not be charged late fee's by more than one agent there I still am being charged, I called an asked for a Hardship exception and offered them all of my tax refund as a pay offIt was far less than the $2,I owe after paying in $of $borrowed but would have paid back the amount I was givenThis bill is my highest bill and I did not want it to go on my credit report as a negative or have them take it to court and end up wit an even higher amount since the small print in their contract states they do not notify you of court proceedingsThey did not accept my settlement offer but said they would take $which was back to the owing amount with only $taken offNo break at all when I was honestly trying to work with themOH and by the if anyone does a loan with them in case you were not aware you can email them and revoke their right to use EFT to take payments out of your bank account, I was being charged overdraft fee's when I did not have the money to begin with for the current payment or even when you make a payment early they will still draft another payment from your accountAll VERY shady and I wish I would had done more research before making the HUGE mistake of dealing with the, Contacting the State Attorney General does sound like a good step to take!
I loan $6000 and I paid each month $6000 more than 2 year and now the company stayed I still owe $80000..by the california law they can exceed 12% I dont know how they calculate my balance more than amount I borrow and since every month I paid $6000 The basics of California interest rates laws are listed in the table below. See Consumer Protection Resources for more information. Legal Maximum Rate of Interest Loan/forbearance of any money, goods, or things in action, or accounts after demand-7% or contract rate (Const. XV §1) contract rate shall not exceed 12% (Civil Code §1916-1) Penalty for Usury (Unlawful Interest Rate) Contract or agreement for greater than 12% shall be null and void as to any agreement to pay interest (Civil Code §1916-2); debtor may recover treble amount paid; willful violation-guilty of loan-sharking, a felony and punishable by imprisonment in state prison for not more than 5 yrs. or county jail for not more than 1 yr. (Civil Code §1916-3) Interest Rate
Bad credit OK?! I contacted them to get a small loan and after they ran my credit and then informed me I wasn't eligibleI don't understand because the commercial clearly states "bad credit is ok"Well, it's not true apparentlyI just wanted to let everyone who wants to apply they DO check your credit and it DOES matter,
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
I took out a personal loan with the Loan Me company I understand that these loans are designed to help someone with an immediate need for cash, and not to be paid out over a full term of the contract I borrowed 5100.00, and the payments I have made have reduced the principal by pennies Again, I understand this However, in obtaining payoff figures today, the payoff is a few hundred dollars higher than the principal balance of course they are saying this is daily interest I asked the customer service representative how would one ever be able to pay off a loan if not able to early into the loan and was told that was "virtually impossible"I then asked if could I negotiate the payoff to the "principal balance" as shown on my amortization schedule They transferred me to a "payment specialist' who checked with a manager, and yes , of course they would negotiate the payment to the principal balanceBUT, this would be a negative on my credit report! My loan paperwork spec
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
Revdex.com: I have reviewed the response made by the business in reference to complaint ID [redacted] , and have determined that this proposed action would not resolve my complaint For your reference, details of the offer I reviewed appear below I never authorized a "stub" interest payment for my January 1st monthly paymentMy loan agreement that I sighed mentions nothing of my payment being reduced to cover the interest only as wellThis calculations of a "stub" payment was never disclosedLoanMe uses this "stub" payment to lock their clients into paying interest-only payments for the duration of the loan! This should be illegal and reversed as I never authorized it, nor does my loan agreement state itThis company lowered my monthly payment to cover interest only so that none of the payment covered my principal balanceHad my payment been deducted as agreed upon in my loan contract, the original payment of $would have been sufficient to cover both principal and interest in which my principal balance would have been reducedInstead, this "stub" payment only covered the interest, which in turn kept my daily interest rate higher, in which I was charged more interest on subsequent paymentsHad my payment of $been applied, $would have went to interest and $would have been applied towards my principal balance, lowering my outstanding to $and a daily rate of $On my February 1st due date, I would have been charged interest of $instead of the $againEach subsequent month is the same as my principal balance is never reducing as I now have to cover this higher interest I am being changedTHIS is how LoanMe illegally charge their customers interestThey are creating these stub payments that are not enough to cover both principal and interest there for extending the term of the loan as more interest is calculated and tacked on Regards, [redacted]
I sent in the businesses monthly payment and filled out their form to direct debit from the business accountI received a call in July stating that I needed to contact themI did and received a very rude person on the phoneI told them what I did and who I wanted to talk toThey said they made a note and I would receive a call back if there were problemsI never received a call back or anything from that point forward from Loan MeWhen checking my credit report it says the loan was charged offThey did not bother to let me, or the business that took out the debt know there was any payment issuesI have talked with the business owner and they were never contacted by Loan Me eitherThe payments were taken from my account via ACH or sent in via check until July However my credit report shows that after paying for over a year we still owed $of the $loanThis is also inaccurate based on the loan documentation we received when the loan was taken out
I took a loan out with LoanMe and paid it totally off on 2/12/for They are still taking the monthly payment out of my account I have called LoanMe several times and they say a manager is supposed to call me They have never called me and their collections department keeps calling me and I told them that I paid the loan off
Never sure what to pickI have moved to the state of WAWhich Loan Me is awareAsked for a payment to be placed at the end of my loanOnce moving from CAthings changed from state to state have seen a huge change in my income which has caused me to be unable to care for this loanMade a promise to pay the loan on 1/29/Told by the person I made the payment to I would be notified by loan me on paper work to make my Feb payment to the end of my loanKnow one ever told me It had to be signed by JanI paid the payment to loan me @ or around PM Friday the 29thI received the email on Monday 2/1/After midnightThey have been told I live in an area where email is slow How can anyone send anything by mail if I had gotten it with know fax machine and mail that couldn't possibly reach CAby Sunday Jan 31st Makes no sensePlus why would they tell me if my money came late Friday I could pay Jan Yes there would be someone at loan me but I was told anyone