Welcome to the American Web Loan Community

I just don't think it's legal or should be legal! I was behind on my car note due to sudden illness and borrowed $ 500 from these people, remember that I had to pay $150 interest even tho I thought it was a high interest on a $500 loan I said yes because I needed it.

Now they deducted $750 from my account when I called them I was told that I had to pay $150 from July to February every two weeks which= $2100.00 total. I live in Massachusetts I don't know what to do or what step to take because the lenders shouldn't be able to charge so much.

I borrowed 500$ thinking my loan was paid off they continue to take money from my account. I called them to see what was going on I was told I still owe $500 more when I told them all that was taken from my account by them I was told that was the principal.

These people are the most crooked I've run across .they need to be shut down.

I ask anyone going through a hardship just wait it out or you'll find yourself paying through the nose.really mad as *** in Atlantic City. Never will I recommend this company to anyone.learn from my big mistake trusting these people.

American Web Loan is not recognized to do business in Oklahoma. Additionally, neither is the business accredited by the Better Business Bureau or act under United States law. To clarify, any money borrowed will not be recognized on a credit report because the U.S. does not recognize AWL as a legal company. They scammed you, now it's your turn.

Here is what you can do-

By law, any ACH transaction that you may have setup can be stopped. This is not U.S. law - this is through any contract agreement signed between the cardholder and the lending bank. AWL may not be recognized in the U.S. but they are required by merchant standards to obey credit card/debit card transaction law. Simply ask AWL to remove and revoke all pending or proceeding ACH payments.

What this means to you-

Your account will go into collections, but who cares? AWL won't show up on a credit report so it's like you never borrowed money from the start. They can't take you to small claims court thinking they will get your money because a court system is governed by state laws. In this case, they reside in OK but Oklahoma doesn't recognize them as a business. My story is a friend got screwed from this 'business' and I was intrigued to get his money back. What did I do? I borrowed $1000 and after four days I requested the ACH withdraw form or email address they are required to provide. I had my account shut down and quietly put $1000 in my pocket, to my friend's back pocket. Sure their 'recovery' department calls once every three months but what gives?

Please don't fall victim to this scam thanks to this company I'm homeless!

I applied for a $700 dollar loan and was told that I would have to pay back $910. I was paying 210 every other week on the flex pay plan.

my last payment would have been the second week of august and it would have been for 80 dollars. 210 was taken out of my account. I called and the representative was rude and told me that I owed $700 dollars. I was crushed and now have to ask family to help me pay this money back.

I was so embarrassed to ask for money now I know I was better off asking family. please anyone who takes the AWL please more informed I have payed them $1750 for $700

Stay away from this sneaky loan company. I had apply for a loan back in may.2014 for $400. I was on a payment plan of $120 which is due every other week until my $400 was paid off. Atleast thats what i thought. I continue to make the $120 payment on time and so far i've paid $360 off.

I checked my account and it shows i still owe $400. This made me concern so i called up american web loan to speak with a representative there and come to find out i am on a 7 months payment plan of $120. This was never brought up to my attention when applying for the loan.

I knew i was on a $120 payment plan but i didnt know i will be paying $120 for 7 months! I figure i'll just have to pay $120 each payment until the $400 is paid off but that is not correct! So even if my loan is only for $400 i'll be paying $120 for 7 months for a total of $840.

So a loan of $400 will cost me $840 at the end. Do not apply for a loan from this place! This is a very sneaky loan company that takes advantage of u. I should have done my research on this company before applying for a loan. After doing a quick search i found so many complaints on this loan company. STAY AWAY FROM AMERICAN WEB LOAN!!!! BEWARE!!!

People! You have to read your contracts before agreeing to the terms, most issues I've read are due to a failure to understand the terms.

I took a $400 loan out to cover an emergency expense. This came with an EXTREMELY HIGH COST. The APR is 797%. Crazy right?

This means that every day, I'm paying $8.73 in interest to borrow this tiny amount of money. However, I had an immediate need for dough ASAP and this was an easy option. The loan was paid back in full in 8 days meaning the payoff balance = $469.84. $69.84 to borrow $400 for 8 days is absurd, but sometimes worth the cost.

Had I made the payments according to their schedule, the $400 would have cost me $1,560.00.

I'm not saying the interest charges aren't beyond ***, but when you take the money, you agree to them. READ THE CONTRACT and the Federal Truth in Lending disclosures before you borrow and save yourself a ton of money and frustration. These loans only make sense short term and when you can pay the whold thing off quickly.

If you don't understand the contract, DON'T BORROW! If you plan on making the payments as shown in the contract, you're basically saying "Please, take advantage of me and screw me over."

Horrible! This company is a bunch of crooks!

I was charged $210 weekly for 2 weeks and I get paid bi-weekly. I tried to get a refund on the extra payment and was told there was nothing they could do. Not only do they charge ridiculous interest but they robbed me of $210. I was so frustrated with this company I was shaking.

I asked to speak to a manager and he kept trying to re-direct my focus to other aspects of my loan. This was the worst experience I have ever had with any company in any industry.

I'm not usually one to complain. This is stealing in my book and most other people's too!!!

I applied and was approved for a loan of $1100. The explanation of the payback plan was extremely vague but I was explicitly told that the finance charge was $330 and would be my first biweekly payment.

I initially agreed to the loan terms and conditions, accepted the loan over the phone, that I was emailed a generic outline of the payback plan. It stated that the loan term was 7 1/2 months long and that my payment of $330 biweekly would continue until the principal balance is paid off. That doesn't sound too bad, sounds like it would be paid off in about two months time. There was one last sentence that changes everything and it reads as follows; only your last 3 payment are applied to the principal balance, your other payment are interest only.

I immediately called to verify what I was reading and comfirmed with a representative that this agreement is for 15 payments of $330 biweekly. I stated that the loan has not been funded and I would like to cancel. The rep. Stated that the money had not been sent from them yet and that he has went ahead and canceled everything for me.

Only time will tell if I am actually going to be charged for anything this far. This company is predacious in there approvals and I will not reccomend them to anyone for any reason

They loaned me $500..during initial conversation they said my last payment of $150/2 wks would be 5/5/2024..it is now 7/7/2014 and they r still taking money..I called them 2wkd after 5/9, when they TOOK another payment n they said they never tell anyone the end date and now my last payment was to be 6/19..they took another payment

I took out a loan with American Web Loan and paid it all back including the outrageous interest rate so my credit would not be impacted. And then for 2013 tax purposes they mailed me a 1099 that indicated that my debt was cancelled, however I am liable to pay taxes on the amount.

So my credit shows a charge off of $1,600 (that I paid) and now it has been recorded that I owe the tax on the amount to the IRS.

So perhaps it doesn't matter if you pay back the loan and the crazy interest rate and fees.

They do not apply any of your repayment back to the principle. A 400.00 loan turned into.

A 1500.00 loan. Never was up front with details. Horrible business practices. It's just another shady company.

When you go and check up on your loan online extremely little information is given. This is a extremely more frustrating when you pay back on time and none of the money and I do mean none is going to help payoff the loan only to intrap you to pay back 3x what the orginal was worth.

These are sharks in lamb clothing. Do not use this service.