Just last week I made a payment on my account. ($830) towards my principle which brought the amount down to $2562.61. This evening, I logged into my account, and found that it increased to $2818.61. I’ve done research on the legal issues with this program, and has developed a concern to the hefty increase.
There’s nothing in my contract that states that my principle would increase as I try to pay it off. Taking out this Title Loan was due to my need to try to send my daughter to college. NOW…. I’m stuck with fluctuating payments that is unfair.
I’ve had a loan before, and NEVER had this happen.
Can you please help? Attached are samples of the increase.
There’s no telling how long this has gone on with my account, and other customer’s accounts.
Can you please help?
Consumer Action Taken:
I’ve sent several emails with no reply.
Date This Problem Happened: September 8, 2019
State You Live in: AL
Race/Ethnicity: Black or African-American
Age Range: 36-50
Total Amount of Fee Paid:
Company Name: TitleMax
15 Bull St Ste 200
Savannah, GA 31401
Company Telephone Number: 888-869-4522
Website of Company: titlemax.com
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