American Web Loan's reply to:

C'mon people...

The information provided is not a valid form of contact. Please provide us with accurate information to reach out to you and address any concerns you may have.
ID
#513969 Review #513969 is a subjective opinion of poster.
Service
American Web Loan Loan

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."

1 comment
#871741

So this company took almost 500$ From me and I didn't get a loan. But to be honest I can't blame anybody but myself for trusting them, and did some research on them.

All I can say is yes this was my fault but guys don't trust them cause I did and they Robbed me and I have no one to blame but myself. Thanks Calvin.

American Web Loan's reply to:

Thieves- Over charged and was no given a refund!

We take consumer feedback very seriously, and we welcome any feedback regarding a customer’s experience. Please provide adequate information for our offices to address any concerns you may have. You may also contact us directly at feedback@americanwebloan.com or call us at 877-860-7171.
ID
#513310 Review #513310 is a subjective opinion of poster.
Service
American Web Loan Loan
Loss
$210
New Reviewer

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!!!

American Web Loan's reply to:

Review from Sharonville, Ohio

We take consumer feedback very seriously, and we welcome any feedback regarding a customer’s experience. Please provide adequate information for our offices to address any concerns you may have. You may also contact us directly at feedback@americanwebloan.com or call us at 877-860-7171.
ID
#512990 Review #512990 is a subjective opinion of poster.
Service
American Web Loan Loan
New Reviewer

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

2 comments
#844261

I have a complaint also. Could you please add your complaint to Google under the reviews for AWL?

I'm really frustrated with this company and would like to see 100 bad reviews on Google by the end of this week.

When this company pops up in a Google search, other consumers will be able to see these bad reviews. Help me if you can!!!

#874657
@Kalyna

@ryan.bilger55 Did you get the 100 bad review's? I hope you did

View more comments (1)
American Web Loan's reply to:

American Web Loan - Loan Review from Pittsburgh, Pennsylvania

Thank you for your recent feedback. We appreciate you voicing your concerns and would like to help to resolve them. Please contact our offices at your earliest convenience so that we may discuss some options and come up with a resolution. We can be reached at 877-860-7171.
ID
#507315 Review #507315 is a subjective opinion of poster.
Service
American Web Loan Loan

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

1 comment
#839935

I've read many of these negative reviews. You people need to remember who your borrowing money from.

I've also used awl and was quite happy with them. Although the interest is crazy high, I had no choice but to use them. Let's be honest, if we were all people with good credit we would take out a conventional loan from a bank and pay low interest over 2-3 years to pay it back. Online cash loan providers are here to serve people with poor to fair credit who can't get a regular loan.

It's not their fault if you don't read the fine print and ask questions. If you only pay the minimum amount, you won't touch your principal for almost 6 months.

American Web Loan's reply to:

American Web Loan will end up Ruining your credit rating regardless !

The information provided is not a valid form of contact. Please provide us with accurate information to reach out to you and address any concerns you may have.
ID
#493853 Review #493853 is a subjective opinion of poster.
Service
American Web Loan Loan
Loss
$1600

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.

1 comment
#844265

I have a complaint also. Could you please add your complaint to Google under the reviews for AWL?

I'm really frustrated with this company and would like to see 100 bad reviews on Google by the end of this week.

When this company pops up in a Google search, other consumers will be able to see these bad reviews. Help me if you can!!!

American Web Loan's reply to:

400.oo loan turned into 1500.00

The information provided is not a valid form of contact. Please provide us with accurate information to reach out to you and address any concerns you may have.
ID
#492827 Review #492827 is a subjective opinion of poster.
Service
American Web Loan Loan
Loss
$1100

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.

1 comment
#844267

I have a complaint also. Could you please add your complaint to Google under the reviews for AWL?

I'm really frustrated with this company and would like to see 100 bad reviews on Google by the end of this week.

When this company pops up in a Google search, other consumers will be able to see these bad reviews. Help me if you can!!!

American Web Loan's reply to:

American Web Loan - Loan Review from Newark, New Jersey

Thank you for your feedback. We would like to speak with you about your concerns. Please contact us at feedback@americanwebloan.com at your earliest convenience.
ID
#491683 Review #491683 is a subjective opinion of poster.
Service
American Web Loan Loan
New Reviewer

My daughter with my permission have taken loans from AWL & she handle them, this last loan she took out I'm handling since she's out of the country, I find out that there are multiple payments of $270 which will reach over $3000 before any amount will be applied to the principal loan of $1000, this can't be legal, is it?

I will be contacting the better business Bureau ,I was informed that there was a $270 interest fee & understood the remaining payments went towards the principal, the interest amount on this can't be legal, & I'll have to have this investagated

1 comment
#872269

curious to know what you found out

thanks

American Web Loan's reply to:

Also Pissed Off

The information provided is not a valid form of contact. Please provide us with accurate information to reach out to you and address any concerns you may have.
ID
#488699 Review #488699 is a subjective opinion of poster.
Service
American Web Loan Loan

Same complaint as others I have seen....Charging $150.00 every two weeks for borrowing the loan amount...actually I am paying $300.00 every month for a $500.00 loan. ABSOLUTELY RIDICULOUS.

CSR stated that it was in the paperwork...bs seriously who reads the paperwork don't they get paid for mentioning that information...would be no one borrowing money if that was mentioned up front!

WILL NEVER DO THIS AGAIN OR WILL I RECOMMEND TO ANYONE...COMPLETE RIP OFF. I hate to imagine how much money I have actually paid this company a *** of a lot more than 500.00

3 comments
#821599

Anonymous is correct. This is just another example of the Obama Generation...millions of people so dumbed-down by our media and public schools that they can't even think for themselves anymore, or take responsibility for anything.

You are an adult...read the terms before you sign on the dotted line, sheep.

#817865

This guy in the bottom works for this *** hole company, can't stand companys that do this to people

#817308

It's your responsibility to read and understand the documents before you agree to them. It's not their fault -- you're an adult and agreed to those terms.

View more comments (2)
American Web Loan's reply to:

American Web Loan - Loan Review from Saint Cloud, Minnesota

Thank you for your recent feedback. We appreciate you voicing your concerns and would like to help to resolve them. Please contact our offices at your earliest convenience so that we may discuss some options and come up with a resolution. We can be reached at 877-860-7171.
ID
#486209 Review #486209 is a subjective opinion of poster.
Service
American Web Loan Loan

I called today to find out if my last payment was paid, on a $500.00 loan borrowed in December! In return was told that my 150.00 payment for the last 5 months was just paying interest!!!

I had no idea!!!!! I was told that I would be paying $150.00 for borrowing the 500! This is clearly a RIP OFF SCAM!! I'm very upset!, You should explain the loan better!

Im a single mom with small pocket book! Darcy Himle

American Web Loan's reply to:

Fraud dosent cover it!

Thank you for your feedback. We would like to speak with you about your concerns. Please contact us at feedback@americanwebloan.com at your earliest convenience.
ID
#482937 Review #482937 is a subjective opinion of poster.
Service
American Web Loan Loan
Loss
$1680
New Reviewer

I got a call today from a "locator" stating that I am going to be served unless I contacted Global which claimed to be a leagal firm not a collection agency. When I contacted them they gave me the typical *** about a loan that I took out on AUG.

5 2013. Which was a pay day btw, for $600.00. I tired to explain to them that there was no way that I did that for I had just got a loan for over $3000.00 from a company and it wasnt AWL. I asked for information like the phone number for this company that I NEVER heard of until today.

They wouldnt provided it and that they now "own" the claim. That was a dumb move on their part.. They kept asking me to take care of it when I finally said "do you not understand the words that are coming out of my mouth" I DID NOT TAKE OUT THIS LOAN! they didnt care.

Finally ended with DO what you have to. If getting served is the only way I can get the information that I need to investigate this BRING IT!!!! YOU ARE GOING DOWN!!!

LOL LMAO.

4 comments
#807118

Thanks for that information. However, the locator actually called me back to ask if I spoke to Web Loans.

When I told him that I did and that I said I also know that there are hundreds of complaints against this company and that he works for or represents scammers and thieves.

Needless to say I have not heard back from Web Loans or a locator or anyone from Web Loans. Oh and I dont think that anyone has been arrested as they claim would happen to me, that is unless it was for tens of thousands of dollars....

#806791

Also, when you sign the letter, do not use your normal signature. Bottom-feeder debt collectors and scammers are known for taking signatures from correspondence and creating fake paperwork to support their scams.

#806790

Do NOT ask for written verification. All you will get is a a piece of paper where they "verify" that you owe the debt.

What you want to do is send them a VALIDATION of debt letter. In this letter you are denying you owe the money and you demanding that they validate the debt, that they prove you owe what they say you do by providing copies of all paperwork where you took out this loan. They won't be able to provide it and should leave. Also, make sure you tell them in the letter they are to contact you via mail only.

Send your correspondence via trackable method, i.e.

fedex, ups, certified. Examples of the verbiage for a VALIDATION letter are easily found online.

#806577

Ask for written verification of the debt. You are entitled to it by federal law.

Any legitimate collection agency will send it.

They threaten to lodge criminal charges against consumers who fail to pay these alleged debts. But the “collectors” have no intention of taking—or even the standing or authority to take—legal action against these consumers.

Other times, they pretend to be attorneys or to work for law firms when they do not.

They frequently use abusive or profane language during these telephone calls.

That’s prohibited under the Fair Debt Collection Practices Act.

YOU NEED TO CONTACT YOUR LOCAL FTC THEY WILL HELP YOU.

View more comments (3)
American Web Loan's reply to:

Applied for a loan was approved for $600

The information provided is not a valid form of contact. Please provide us with accurate information to reach out to you and address any concerns you may have.
ID
#481580 Review #481580 is a subjective opinion of poster.
Service
American Web Loan Loan

called them and asked for the terms they told me 16 payments at $180 every week that's a total of $1880 to borrow $600 are you freakin kidding me i would rather starve to death than take a loan from these crooks don't do it *** you can get 3 payday loans for $765 and only pay $135 i can't believe a company would really do that to people and then they have the nerve to say they are a indian tribe in oklahoma i just don't believe the indian people are that corrupt to stand behind some *** like this i'm glad i did not take the loan.

2 comments
#805105

Thy said i was gonin to jail cause i cant afford the payments i

#806575
@PissedConsumer805105

You will not go to jail. Don't worry.

Do not listen to there idol threats. Contact your local FTC for help.

View more comments (1)
American Web Loan's reply to:

Do not take a loan out with them.

The information provided is not a valid form of contact. Please provide us with accurate information to reach out to you and address any concerns you may have.
ID
#480931 Review #480931 is a subjective opinion of poster.
Service
American Web Loan Loan
Loss
$1200

This company has ignored all my letters, faxes and phone calls to my request to cancel the ACH Payment. I took out a $500 loan for Christmas 2013. I have already paid $1,200 to them already.

So American Web Loan has already been paid there $500 plus got an extra $700 out of me. Nope! Not gonna happen. You cannot do business like that. Its UNETHICAL!! I am disputing ALL charges from this company through my bank and then I'm closing my account and reporting them to the FTC.gov

U.S. District Judge Finds that FTC Can Sue Deceptive Payday Loan Business Regardless of American Indian Tribal Affiliation (March 19, 2014)

American Web Loan's reply to:

PAID INTEREST AND THEY TRIED TO CHARGE ME AGAIN

The information provided is not a valid form of contact. Please provide us with accurate information to reach out to you and address any concerns you may have.
ID
#475176 Review #475176 is a subjective opinion of poster.
Service
American Web Loan Loan

I took out $700 loan from AWL. The lady told me that "the cost for a $700 loan is $210." I have the Email word for word.

They took the $210 out of my account and I set up withdrawl to pay off the $700 balance. I noticed that they added another $210 to the $700. I have done further research and noticed online that they charge you over and over the "payment" of loan. So, to deviate from all the BS I ahve closed my bank account and I found they are not even licensed in the State Of MN.

They are not legal to conduct business here, their loan limits are too high, as are their interest rates. i am contacting my Attourney general.

1 comment
#1176915

What were your results? They called to threaten me and tried to scare me but I just hung up cause I'm not dumb.

American Web Loan's reply to:

Rip off

The information provided is not a valid form of contact. Please provide us with accurate information to reach out to you and address any concerns you may have.
ID
#473029 Review #473029 is a subjective opinion of poster.
Service
American Web Loan Loan

After you apply online @ American Web Loan , they call your phone very quick. The representative was very fast in stating the terms of payment.

Because I BADLY need the money, I borrowed $500 in 2013. The interest rate was not clearly stated. I was paying $150 every 2 weeks. They took a total of $450 + $500 principal in just SIX weeks.

I am really, really upset. PLEASE DO NOT BE FOOLED BY THE QUICK APPROVAL OF A SMALL AMOUNT BECAUSE THEY ARE JUST TOO MUCH!

They are not helping people but they're making the borrowers have more debt.

American Web Loan's reply to:

Still paying on a loan thats been payed off

Thank you for your recent feedback. We appreciate you voicing your concerns and would like to help to resolve them. Please contact our offices at your earliest convenience so that we may discuss some options and come up with a resolution. We can be reached at 877-860-7171.
ID
#470920 Review #470920 is a subjective opinion of poster.
Service
American Web Loan Loan

Why am i still paying on a loan thats been payed off my name is Adam Ferguson i want to know how this could happen this company owes me some back pay for sure i want some justice and i am going to mack sure this payment will no.longer be taken out of my personal checking account i wouldlike to know what can be done to be ccompensated for them taking more money out that what was originally in my contract who do i need to talk to and who can help me my email address is adamcharles1234@***.net thank you