American Web Loan Loan Reviews and Complaints

my place of employment received several telephone calls from a male subj who asked several times to speak to a someone w/authority there. the person who took the call tried to get as much information as possible,but the male person continued to be evasive and also with my supervisor. he was told not to come to this secured building. I called the nbr provided,only to get a voicemail that was full and another nbr which continued to be busy. finally I made contact w/awl and spoke to a female who asked if i had been served and did I intended to fraud the company,i said "no",then she wanted to make a deal with me. she put me on hold and the telephone line disconnected. I felt very afraid. jinnee

i took out a loan from awl and after making several payments i still owed way more then i borrowed, just to keep up i had to take out other online payday loans, now im in debt like $8,000 with these *** things! finally i had to close my checking account and have tried contacting the company many times to try to settle, now a locater has been calling and threatining me!

im at a loss to what to do, im considering bankruptcy just to get them off my back help, any suggestions? also im in colorado and i found out these loans are illegal in my state

This is a huge Scam. Paid off first loan from them in lum sum and was ok with huge interest.

Stupidly got another loan for $600 and elected to pay it off in installments- I believed I was paying off the original loan plus interest. $171 twice a month. When I called to see when the loan would be paid off I was told in 8 months. My 4 payments of $171 were ALL INTEREST.

No principle was paid.

I am Blocking them from my bank account and am reporting to them to the BBB in NY. Do Not use them at all.

American Web Loans is just crazy! I borrowed $500 they said I have to pay 16 payments of $150.

I told them they were crazy as ***. I was online for this company but I thought it would not go through because I did'nt finish everything on the application. I looked into my checking account and the money was there. They did not call me to tell me anything or email me anything saying i got the money.

They are just a rip off!!! I am paying this company only $150 bi-weekly and it does not go towards my loan. Do they think people are ***!

See if you get it from me!

merican Web Loan call this morning by their locator telling me I need to call 866 - 501 - ****. American Web

Loan said if I do not respond they will file fraud charges against me....wow I guess this tactic still works. American Web Loan said that charges are pending against me and that I have "officially been served" ha... I love American Web Loan

https://www.youtube.com/watch?v=qkR2Q2oP3cc

https://www.youtube.com/watch?v=AXkgBg-ClfI

The links above are from the calls that I uploaded to youtube...check it out it is really funny as sad as it really is. I Love AMERICAN WEB LOAN

I took out a loan through American Web Loan for $1,300.00. They have take (4) payments of $390.00 and $20.00 out of my checking account for a total of $1,580.00.

I called them this morning to find out the the balance that was owed on my account. I was informed that I owe a PRINICPAL BALANCE OF $1,300.00 AND $390.00 INTEREST.

I told the lady that I ws speaking to that this is in correct, as I have made 4 payments of $390.00 and she said that was straight interest, that they take the interest payment every other week and its up to me to apply additional payments to my loan.

I explained to her that I was under the impression that the $390.00 was a principal & interest payment. She informed me that it was not. I asked her to e-mail me a copy of loan documents because I can't believe I would have agreed to Interest Payments of $1,580.00 that I have PAID TO DATE WITH NOTHING GOING AGAINST THE PRINCIPAL.

I will contact the DISTRICT ATTORNEY'S OFFICE NOW..

Actually took two loans out from AWL, the first was for $700, which went pretty uneventfully, Paid an additional to the $180 bi-weekly here & there but really didn't monitor it or pay it much mind, It was paid off rather quickly but the second loan was for $1000 and I was told by the AWL Customer Service Rep prior to accepting the loan that there would be a $276 finance charge which i figured meant that I would be paying back $1276 on a $1000 loan, thought that was acceptable not knowing & never being told otherwise that it was a $276 withdrawal bi-weekly for fee's and none of that money was being applied to what they like to call the "principal amount", unfortunately I realized this after I was already 9 payments In totaling $2484 with my balance still at a $1000 so in essence you must apply more than the finance charge for any monies to be applied directly to the loan, the more you pay the lower your finance charge Is but I was also told that if I didn't apply anything other than the finance charge bi-weekly for 15 payments the loan would be paid in full which means on a $1000 loan you would be paying back a whooping $4140 but at any time you apply additional money to the finance charge it affects your total balance, so for example if your 3, 6, 9, 14 payments In on just paying the finance charge and you apply even one additional dollar to your next payment your pretty much starting off at the beginning again so your even more screwed, so at this point I'm 11 payments In and paid out $3036 at which point I have taken advise from several friends to close my account & let them try and get there money another way, I've already paid 3X the amount owed and my balance is still $1000 as far as I'm concerned I owe you nothing, go F yourself.

Borrowed $1300 as an emergancy bridge to pay some medical expenses until my tax return arrived. Company said that they would take the payment out of my account monthly until I paid it off.

After 3 and a half weeks they took $1950.00 out of my account. Whne I called them to ask what they were doing they told me that I was supposed to go on their web site and tell them how much my payment was each month and the $1950.00 was over and above the principal balnce I borrowed. SO bascially they took $2000.00 interest in 3 weeks on a $1300.00 loan. I blocked them from access to my account and have contacted the BBB, Attorney's General Office on both NY, OK, and the OK Securities and exchange and banking commision, as well as the Oklahoma Department of Consumer Credit.

This is a complete and total Money Loan Shark operation. Not legit at all.

They are very rude people, torment you with calls..I believe it is a scam company...DO NOT COMPLETE AN APPLICATION ON LINE IF YOU ARE NOT POSITIVE THAT YOU WANT A LOAN...DO NOT SIGN ANYTHING WHICH I DID NOT BUT THEY STILL WANT MY BUSINESS...IF A COMPANY IS THAT DESPERATE TO OBTAIN A CLIENT THEN THEY ARE NOT GOOD TO DEAL WITH..I HAVE DECIDED THAT ENOUGH IS ENOUGH AND REPORTED THEM TO THE ATTORNEY GENERALS OFFICE OF THE STATE OF CONNECTIUCT AND THE BBB. HOPEFULLY THESE PEOPLE WILL BE SHUT DOWN AND PUT OUT OF BUSINESS.

SINCERELY

JOANNE LOWMAN

STAMFORD CT.

Company is charging us 180.00 a week for fee's. No money going towards payment of loan amount.

Said u have to set amount that you want takin out. I set this up on their site before i got off phone with person that was speaking to me. To make sure it was done right. We've paid 540.00 out of 600.00 and their saying we still owe 600.00!

Wanting to speak to others with same problem. Email me at julesvtwin@***.com .

I'm gonna speak to lawyer! This company needs to be shut down!!!!

>>>>AMERICANWEBLOAN.COM from your account and does not go toward loan, it is a biweekly fee. more like interest.

hundreds of dollars gone for just interest, not even the loan so you have to come up with them money before you get paid of they tack on another 210 when you get paid just for interest. does not help you, puts you in more of a debt and you have to pinch pennies just to get by. will NEVER use them again! i was told the money taken out biweekly went towards loan.

NOT TRUE! what they do is collect money on your payday towards interest, then you have to pay more over the amount to try to get the loan balance down. so doing the math when i was finally aware. they already took $420 dollars just toward interest.

not toward the loan. so if i can get the loan paid before the next two weeks then i would have spent $1,195 on a $700 loan. umm yea if i knew that it did not go toward the loan i would have never signed up for it. when you are told that the money that is being taken out of your account is going to something and it doesn't, it goes toward some fee...

don't do it. i was not explained that clearly and i will have to suffer for it.

but i advise people not to go for it. it puts you in more of a bind just to try to fix what you were already in.