LoanMart Arvostelua 3

In November 2022, I was in a desperate situation and received a title loan from Loanmart for $2,371.00. I live in Oregon which doesn't seem to be on their list of states, but they did approve me.

To date as of March 2024, I have paid them $2,844.98 and ZERO of it has been applied to the principle. With the interest continually being added, my balance if I were able to pay it off is $3,818.10. So, if I was able to pay it off today, which I'm not, I would have paid them $6,663.08 for a $2,371.00 loan, which is $4,292.08 in interest...which will only keep increasing! Every single month if my payment is not exactly on time, they threaten repossession.

I do not know how I will ever pay this off. This is a horrible company offering easy loans to financially vulnerable people and then massively taking advantage of them and putting them in a much worse financial position than what they were in in the first place.

I took out a title loan with them in December of 2022. What I didn’t know is that they are charging me 93% on my loan. I’ve been paying for a year and still owe the same amount. Due to the interest payment that I pay, I’ll never be able to pay them off. This is highway robbery here in Arizona. This company is bad and I need help.

Everyone I worked with through the process was very patients and helpful. I am not high tech so I don’t know how to do much with my phone but with there help we made it. Thanks for putting up with me.