American Web Loan's reply to:

American Web Loan - This company does not listen to you to pay off your loan

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
#1201030 Review #1201030 is a subjective opinion of poster.
Service
American Web Loan Loan
Reason of review
Problems with payment

I had money to pay off my loan immediately so I do not get interest charged every day. I called the customer care department and I said I wanted to pay off my loan.

I was told there will me two separate charges on my pay day. One will be regular loan paymet The other charge would be pay off amount and will get an email that states the pay off. Unfortunately after my pay off amount loan payment was taken out followin pay day which was 15 days later. As I was waiting for a pay off e-mail onother 15 days later I was charged 67.43 dolars .

As you see this company does anything in their power to DELAY THE PAY OFF DATE so they can charge more interest. I do not recommend this company to anyone. They are a Money TRAP. I can believe how much interest I paid over a month.

The money I borrowed tripled to pay back. BAD EXPERIENCE.

1 comment
Anonymous
#1441969

they are dirty people. run for your lives

American Web Loan - Nothing good, but not bad either...

My experience with American Web Loans was pretty painless. My only complaint is the EXTREMELY HIGH interest rate which was about 687%....something ridiculous like that but I was able to afford the weekly payments after the fact. Yes, I ended up paying over twice the amount that I borrowed, but I also COULD NOT get approved anywhere else and was stuck in a jam. At that time, American Web Loans came through to help me out and I'm extremely thankful for them! Sooo..essentially, I know I got screwed, but I also read the find print and knew what I was signing up for, which I accepted. If you think you're getting screwed by this company, then you need to do a little more research because there are much worse companies out there.
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1 comment
Anonymous
#1467938

Thank You writer, I see all these people complaining, crying, *** about American Web Loan. But like you said when you cannot get the amount that you need to take care of the emergency you need it for from anyone else, then you have the choice to either take the loan or don't take it.

American Web Loan does not hold a gun to your head and say SIGN THESE PAYMENT AGREEMENT OR ELSE ! American Web Loan does not send you thru Duress and make you sign the papers, if you understand English and know how to read, then you should understand the agreement that you are signing, plus if you ASK QUESTIONS ! They will answer them. This is the second time, I have used American Web Loan and I have not had any problem getting the Loan, understanding what I am signing up for.

If you don't read or understand the contract ask the Representative, and they will exactly tell you what your payments will be and for how long. This is what you calla (HARD MONEY LENDER) they loan out money that NOBODY ELSE ! Will give you, so if you don't want to pay those extra fees for your emergency situation, then you must not have a emergency situation that you are willing to sacrifice by paying more then what you borrowed. Just to let you know I borrowed only what I needed, $400.00 and No More, I needed it for a emergency situations (My Registration Car Tags) I wanted to pay that off get my New Tags and able to drive around the City, instead of driving around with expired Tags, looking in my rear view mirror all the time to see if the Police is behind me, worried if I get stopped its going to cost me to pay the ticket, going to court and still have to pay for my tags.

American Web Loan took that stress and worry off my back. So if you don't have a emergency, and you just want money to go shopping, then this loan is not for you, its for EXTREMELY !

Emergencies ONLY ! Not going to the Mall Shopping.

Testimonial

American Web Loan is a paying client of Opinion Corp and utilizes its services to proactively identify and correct customer service issues.

ID
#1193093 Review #1193093 is a subjective opinion of poster.
Service
American Web Loan Loan
Pros
  • Expediency of approval with low credit score
  • Easy to make payments
  • Process quickly
Reason of review
On time delivery
American Web Loan's reply to:

Do Not Use American Web Loan

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
#1191097 Review #1191097 is a subjective opinion of poster.
Service
American Web Loan Loan
Reason of review
Problems with payment

Do not use American Web Loan. Twice I thought I had made a payment to the principal that they did not put through.

So when I went to pay off the loan it was double what I thought it was going to be and then on top of that the amount I was quoted online was $655 then when I went to call it was suddenly $675 because apparently you have to give two days notice to pay off your loan and there was a holiday on Monday so they added an extra day and more interest for them. They are beyond greedy and take advantage of poor people.

DO NOT USE them! They are dishonest and will scheme to get as much money as they can from you.

1 comment
Anonymous
#1441360

I just received a call stating that I owe from 2014. They had my social security number. I never got a loan from them.

American Web Loan's reply to:

American Web Loan - Complete and absolute robbery

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
#1186243 Review #1186243 is a subjective opinion of poster.
Service
American Web Loan Loan
Reason of review
Problems with payment

Took out a loan after a death last year. $1000.

Was told that it would be high and $400 a month. Not happy but figured I could pay it off at the beginning of the new year. Looked at last month's payment. $390 went to interest and $10 to principal.

Was told that if I paid off what's in the balance today, I would still owe $250 on the account. I do not have words for these crooks. I don't mind paying fairly for the money borrowed, but this goes beyond the pale. I hope these people are dragged into court one way or another and put behind bars.

I don't care if they are operating from a reservation or whatever. Worst experience ever, and truly a learning experience.

American Web Loan's reply to:

American Web Loan - Taken

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
#1177493 Review #1177493 is a subjective opinion of poster.
Service
American Web Loan Loan
Reason of review
Problems with payment

I borrowed $500 and they are now taking out over $1,600 back from me. I really am getting robbed here.

Paying back $1,100 for a $500 loan a joke. And they take it out ever paycheck and Robb my money every 2 weeks.

American Web Loan's reply to:

American web loan is a rip off!!!!

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
#1173910 Review #1173910 is a subjective opinion of poster.
Service
American Web Loan Loan
Reason of review
Problems with payment

I applied for and was accepted to receive a loan for $300. I called to grt the balance after this *** *** company took 6 payments of $41.79 already out of my bank account thinking i would be close to paying it off.

Nope.

These *** had me on a payment plan to pay 3 times the original amount i first borrowed. *** AMERICAN WEB LOAN and you're retarded if you pick this company.

American Web Loan's reply to:

American Web Loan Is A Highway Robbery Loan Company And Need To Be Shut DOWN

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
#1162087 Review #1162087 is a subjective opinion of poster.
Service
American Web Loan Loan
Cons
  • Highway robbery
Reason of review
Problems with payment

Needed a fast small loan of $1000, when calling to check balance on the loan. I'm thinking the balance would be lowered.

BUT It's higher then when I first started it. Now I get told, by the time it's paid off. I would owe them $4,799.00 for a $1000.00 loan. Just a HIGHWAY ROBBERY, for a person to pay with a low income.

A company like this should be SHUT DOWN and the Person that started this company should be BEHIND BARS... I to file for Bankruptcy because of this company.

Just so I can rebuild my credit and start my life all over. This Company is a Joke, when you have other bills to pay.

1 comment
Anonymous
#1425101

I have used this company to borrow 2500 in Oct 2017, made 4 payments of 671. , & was told 4 months later when I wanted to pay it off, the payoff was still over 2100, then they withdrew over 2548 to pay off the original 2500!

Then I inquired about the same loan amount four months later. For 2500, they payment NOW was 1341. for 6 month loan (costing a total of $8046, or 1233. a month for a 12 month loan (costing a total of 14,796).

Really!!!!!! {{Redacted}} Law???????

American Web Loan's reply to:

American Web Loan - The worst experience of my life.

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
#1161881 Review #1161881 is a subjective opinion of poster.
Service
American Web Loan Loan
Reason of review
Problems with payment

I was applied for and was approved for a $1500 loan. I was under the impression that I would be making 12 monthly payment of $273 which is crazy but I thought that with normal pay day loans having apr rates of %100 and higher, it was probably not unheard of.

Well boy was wrong. These guys expected me to pay $273 every other week for an entire year.

I cancelled the direct pay and then a recovery agent contacted me and told me I could pay $1200 to close the account. What a nightmare.

American Web Loan's reply to:

American Web Loan - 1100 Loan with $18 hidden interest not disclosed in the beginning

We are in receipt of your recent feedback. American Web Loan provides all terms and conditions prior to our customers accepting a loan. After reviewing your account, also we verbally provided your terms prior to the acceptance of the loan. Additionally, we mention that it is an expensive form of credit and recommend paying the loan back as soon as possible. Our records indicate we have reached a mutual agreement. If you have any additional questions or concerns, please contact us at feedback@americanwebloan.com or call us at 877-860-7171.
ID
#1158013 Review #1158013 is a subjective opinion of poster.
Service
American Web Loan Loan
Cons
  • Taken advantage of
  • Getting lied to
Reason of review
Poor customer service
Loss
$1051
Preferred solution
Full refund

First let me start off by saying how appalled I am that companies like American Web Loan think that it is OK to rip people off who are barely making it! I applied for a small cash loan through wefixmoney.com and some how was transferred to AWL site who supposedly was the only qualified loaner available at the time.

When I submitted my application it stated that I was approved for $1100 and of course to a 27 year old who is in need of money what did I do? I took it all of course. Now I am a very earnest and loyal person who pays back all my debts to society no matter how long it takes. The unfortunate part is that I was blind-sighted by the terms and conditions of the interest rates that were NEVER disclosed when I spoke to the representative on the phone.

There was no way for me to access this information until I submitted all my documents and the loan was finalized. Not to mention I never received my login information on the day of applying for my loan to access the AWL portal. However when I finally called in and checked my balance to see how I was doing on my payments, that I was making every two weeks of $271.29 the system reported that the loan was still at $1100. So I spoke with a representative who then told me my payoff balance was now $1337.41.

So all this time I was thinking that the monies that I paid bi-weekly went towards the loan but I was sadly mistaken. All of $813.87 went straight to interest. Talk about PISSED I was furious and so heartbroken that I was taken advantage of this way. Graciously I was smart and canceled my auto-pay which put my loan in default which then stopped the interest.

I have now set up new payment arrangements with no added interest and will pay this off by March 2018. The sad part is that I will have paid an additional 1,051.28 over the life of this loan. In 2018, I trust NO BANK and NO loan company and I will be managing my own finances better moving forward. I'm sorry for everyone else how has gone through this because it really is disgusting!

Be smart and research before making rash decisions. Like I said i'm only 27 so i'm still learning but at least I know now.

American Web Loan's reply to:

American Web Loan - TERRIBLE!!

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
#1147688 Review #1147688 is a subjective opinion of poster.
Service
American Web Loan Loan
Cons
  • Terms
  • Do your research
  • Too many complaints with bbb
Reason of review
Ripped off!
Loss
$5000

American Web Loan had me making payments of $750 a month for 9 months and then told me I still owed MORE then my original loan. After all these payments and giving them almost $7000 they told me I still owed them $2095 and needed to pay them $375 for seven more payments!

and if I was to pay them seven more payments it would be $2625! The loan was for $2000! This is insane and I will not give them one more dime! I am reporting them to the better business bureau and have contacted my senator and I plan on continuing to do everything in my power to let people know how awful they are too deal with.

I called to actually ask them to not take a payment ONE time and they said NO, they had to take the payments. Found out from my bank that they were using multiple numbers to represent their company and take the funds out of my account, so if I was to stop payments in one way, they could use another number and still take the payment. Worked it out with my bank so they couldn't use any of the numbers, which of course cost me more money, but they will try multiple ways to get the funds if you try to stop them. AND now that I am not paying them I receive one to five calls a day from them telling me I need to pay or asking me how I am going to pay in full now!

Best advise, stay away, and I know it's tough when they make it so easy and act like they are taking funds off the principle,etc. but they are just crooks!

They are lying to you and you will pay 5 times the amount the loan was for....and that is crazy! Stay away from American Web Loan!!

American Web Loan's reply to:

American Web Loan - They get you at your worst

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
#1146875 Review #1146875 is a subjective opinion of poster.
Service
American Web Loan Loan
Reason of review
Problems with payment

Have been paying my loan only borrowed $500 missed one payment, they called said i owed over $500 which how is that if i only borrowed this amount and paid about six or seven payments, i think its very miss leading.

American Web Loan's reply to:

American Web Loan - Total *** bags

Thank you for your recent feedback. We greatly appreciate you reaching out to us with your concerns. We are glad that we could come to an agreement for your concerns. If you have any additional questions or concerns, please contact us at feedback@americanwebloan.com or call us at 877-860-7171.
ID
#1134683 Review #1134683 is a subjective opinion of poster.
Service
American Web Loan Loan
Reason of review
Not as described/ advertised

They lure you in with promise of lower rate and stick it to you. They currently have thousands of BBB complaints right now

American Web Loan's reply to:

Never get a loan from American Web Loan

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
#1134411 Review #1134411 is a subjective opinion of poster.
Service
American Web Loan Loan
Reason of review
Problems with payment

I was in a bind truck out of commission 3 kids single mom. What was a $1300 loan turned into a $5,000 odd dollars.

After paying $2,400 in payment i thought i should've been finished paying the loan off. When i checked my contract again it was 499% Intrest rate.

I immediately became sick to my stomach. Still paying them off.

American Web Loan's reply to:

American Web Loan - Don't use unless you can pay back immediately!!

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
#1130717 Review #1130717 is a subjective opinion of poster.
Service
American Web Loan Loan
Reason of review
Problems with payment

This is the most expensive loan ever! Ex: - you take out $1200 loan 12/1 - they will charge you $20 interest per day - your 1st payment date is 12/15 and they debit $277 (interest) from your account.

This pays the interest, not the principle.

Meaning you've paid them $277, but still owe $1198 ($1 of your payment goes toward the principle) - your 2nd payment due date 12/30 they debit $277 again from your account. The cycle repeats until you pay the $1200 back plus daily interest - DO NOT TAKE OUT A LOAN WITH THEM UNLESS YOU CAN PAY THE ENTIRE AMOUNT PLUS INTEREST BY YOUR FIRST PAYMENT DUE DATE!!!

4 comments
Anonymous
#1399227

This company called us and said we owed them $1200 on a $1000 loan when we didn’t even apply for a loan with them! They also said we were responsible for the payments.

Couldn’t even give us our banks name that supposedly the payments are going to come from on the application.

Said it was rejected or denied, duhhhh! Why would you loan someone money without any correct information?

I hope the FBI and the Attorney Generals office has a field day with these rip off losers.

Anonymous
#1397995

Yes i would be. This company tells you it will be 9 payments then all of a sudden it is 20 payments at 530% .

wow what a scam. This company needs to be taken out of business.

Anonymous
#1397604

Would you be interested in participating in a class action lawsuit?

Anonymous
#1404146
@PissedConsumer1397604

I would!!! I had same experience

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

American web loan are deceiving

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
#1128566 Review #1128566 is a subjective opinion of poster.
Service
American Web Loan Loan
Reason of review
Problems with payment

The company did not explain that interest would be so high. I tried to extra pay on a Monday and it so happened to be a holiday so they never took payment.

Each and every time I tried to pay over my regularly scheduled amount, they added all types of interest on. They said it would take 6 months to pay off. The payoff quote is higher than the amount I borrowed.

This place has extremely deceitful lending practices and be very wary of the bottom line. They are good at hiding their true intent - making the vulnerable pay 5 times the amount you borrowed.

1 comment
Anonymous
#1397605

Would you be interested in participating in a class action lawsuit?