I never received the loan agreement until I called with a question after 60 days. They said I was past due on a loan (I have no memory of them) . The next amount being deducted from our account will satisfy that amount. Contacted company on 8-1-19 about a loan that was taken out in my name. We want every customer to be satisfied with our service and constantly push forward with new technology to make this goal a reality. American Web Loan was conceived as part of the Tribe's economic development program. I don’t know what happens from here, but I just cannot see a court condoning that kind of interest. I'm so shocked this information was never disclosed to me. That is Two Thousand Dollars ($2000.00) in interest!!! My sister needed emergency funds for dental work. A free inside look at company reviews and salaries posted anonymously by employees. Informed them that I wanted a written letter mailed to me paid in full and wanted reimbursement for mileage, gas, new checks for a checking account and my time. AMERICAN WEB LOAN - Trademark Details. I found myself still in financial trouble and opened another in August for $1100. I have paid back over $1,000 on this loan. Created: Apr 29, 2014; Tweet. Share your experience with American Web Loans to help others make better choices I already fell into the partial trap and reset my password to something new, which now i deem that password has a dead password since now its in their system… Anyways after I logged in, they have old information that is almost 10 year old for this account, my last 4 of social seems to be known, but that is about it. When she returned to the line she claimed the bank account information could not be disclosed because that could be used against me should they have to proceed in court but that she could tell from her records that the computer that was used to apply for the loan was from an IP address that belongs to us at our residence. I applied for a loan from American Web Loan in August for $400.00 to cover an emergency. I asked for her name which she avoided giving me. This is a totally unethical and immoral business. I was truly sucked in. never again in my life. so, I got a $1200 loan... then I paid $1200 back to them in only 8 weeks... and still owed $1258. She stated that the case had been turned over to them after a loan company had attempted to regain payment (amount she did not disclose) owed to them by me. This complaint and/or review was posted on HolySmoke.org on 07:59 am, July 10, 2019 (CST) and is a permanent record located at: https://www.holysmoke.org/scam/american-web-loan-review/. They were going to be deducting $336 a paycheck for a year and i noticed none of that money went to the principle. Consumer Loans. Debbie cannot sue Kevin in her home state of Texas. HolySmoke.org does not edit or remove any aspect of the report and is simply a consumer grievance free-speech platform. Located in South Dakota. This company will not inform you of the details of your loan on the phone until after the loan gets to you... where you'll be stuck with a loan which has interest that basically matches your payments. A lawsuit was brought on behalf of all individuals who obtained a loan from American Web Loan, Inc., its successor, AWL, Inc., and Clear Creek Lending (a d/b/a of American Web Loan, Inc.) (collectively “AWL”). … They are predatory lenders charging 768% in interest. I am not sure what to do at this point. I have a loan company calling me threatning to press charges and sue for a $500.00 loan i did not pay back. Once I realized they had taken over $900.00 for a loan of $500.00 and would continue to take more, I called to verify that this was not a mistake. They said that they would not provide any information. I borrowed 600.00 from Amwebloanllc. For a Five Hundred Dollar ($500.00) loan?? My husband called this company for a $1000 loan. She had already sent her paycheck stub and signed the loan agreement, thinking she would get the loan. I asked her to not contact my fiancee’s sister as she stated they called her to find out if I live there; which I don’t) and all Stephanie could say was we do not make outbound calls (ummm I had to return your call so you do make outbound calls.) They ask for my routing number and account number of my bank. I received a voice mail from [protected] stating they are attempting to locate me and that I should call back immediately or if I know said person I should pass their information to their office at [protected]. I'm not one to just click accept without reading the fine print . At American Bank Center, we offer loan financing to help you check off items from your wish list. Can a collection agency take me to court for an unpaid payday loan from 6 or 7 years ago? They said they were American Web Loan. I did not understand the terms clearly. I took out a loan with them and they collected almost $600 from me before I demanded they stop, and I asked them to disclose their terms and that is when I received a contract that I never signed, but they insisted that I agreed to pay them back $1200.00 on a $400.00 loan that was my initial borrow. I was led to believe that a $1,000 loan would end up costing me $1,300 in payments if paid in full within 75 days. So, we’re thinking after four days, couldn’t they have told her that when they got the paperwork instead of lying and saying she was approved. Solomon et al v. American Web Loan, Inc. et al. I have seen been told that this is a tribal entity and it is illegal lending and fraudualent practices. I asked her to verify my Bank of America account # which she claimed the company stated they attempted to receive my payment from but was closed or had insufficient funds in and she asked me to hold while she tried to locate that information. Do not get a loan here... do not get a loan here... do not get a loan here... do not get a loan here... American web loan is stealing consumer information to scam people with phony loans that don't exist, when you ask them for poroof that you owed them they just send you a collection letter. But this only makes the situation worse. American Web Loan is an internet lending solutions company owned and operated by the Otoe-Missouria Tribe of Indians ("Tribe"). Navigation. Three Hundred Dollars ($300.00) a month for fifteen months? American Web Loan Personal Loans does not have or does not disclose a minimum annual income eligibility requirement. I have learned from this and maybe evicted because of this scam. This really scares me and I hope I have not given them enough information to make me a victim of fraud. Share your experience with American Web Loan to help others make better choices that was my question! Last Updated on July 16, 2020. The terms and conditions original stated that I would repay $150 for 6 payments. PAYMENTS. First up, I’d like some advice with American Web Loan. Unless we paid above and beyond the $600 per month, 0 dollars of the principle was acutally paid off. American web loan I borrowed 2000 with bi weekly payments of 480 dollars. Why would I agree to give back $2400 when i only borrowed $500. As a licensed mental health counselor (LMHC), I provide a safe and compassionate space where counseling clients from all over Tampa, FL, I just received this d**n email from some ACS INC. .This is a scam and they need to be found and charged. State laws cap loan interest rates at certain percentages to cut down on predatory lending. . I do not understand why they are allowwed to do this to people. American Web Loan Personal Loans only considers borrowers who are employed. American Web Loan is licensed and regulated under the Otoe-Missouria Tribal Consumer Financial Services Ordinance. If this is you, you’re trapped in what’s known as a debt spiral or payday loan tornado. I confronted my husband on the line and filled him in and he said it had to be a fraud. Was informed they could not do it. I'm trying to consolidate my debt so I go online to check out this offer . I got a $1200 loan... and was making payments of $300 bi-weekly ($600 per month). On 8-9-19, I contacted them to see if the loan was paid in full and was told it was. American Web Loan is licensed and regulated under the Otoe-Missouria Tribal Consumer Financial Services Ordinance. 20 users have flagged American Web Loan as a Scam with an aggregate rating of 1.15. American Web Loans. This is a scam!! I don’t want any other consumer to go through what I have been through. He told me that this loan could take up to 20 payments before it is paid. 1 American Web Loan reviews. American Web Loan offers online consumer installment loans ranging from $300 to $2500 with payments spread out over 6, 9, or 12 months. I called back and she said the case had been turned over to them and could not release any information until she verified she was speaking with the person of interest by verifying the last 4 digits of my social (which she had correct.) I set up payments for the loan to be paid back. They are claiming these are federal charges. I just wonder if he really knows what they do. American Web Loan, 15 Others Named in Class Action Over ‘Rent-a-Tribe’ Predatory Lending Scheme [UPDATE] by Corrado Rizzi. When she spoke with them, they said she wasn’t approved because her direct deposit was put on the debit card associated with her checking account. I hung up. Do not go through them at ANY cost!! I did not understand the terms clearly. I keep having people tell me they are just trying to scare me into paying. They said this is all interest and total amount I'll pay back on this 2000 loan is 12,000 plus in 2018 I'll be done. They ask for my routing number and account number of my bank. I am so mad at myself for taking out this loan! My husband let her know he was on the line but did not tell her he is my spouse, he yelled at her accusing her of running a scam because there was no way she could know that and she yelled at him and said she would not discuss the case with anyone but me and that if he is my attorney he can represent me in court and hung up on us after saying they would be moving forward and good luck. American Web Loan - Not all lenders are created equal: Want to control your communications from American Web Loan? Every payment only covered the interest. Find American Web Loan company information and data. Reviews from American Web Loan employees about American Web Loan culture, salaries, benefits, work-life balance, management, job security, and more. All rights reserved. Yes, they can sue you in state civil court, but they can only sue you for what is legal in your state. I confronted my husband on the line and filled him in and he said it had to be a fraud. ACCOUNT # – ACS- 1262 LOAN, Absolutely horrible experience with this doctor. For instance, in Virginia, most businesses cannot levy more than a 12% interest rate. I have now reported this and am now left with trying to repair my credit. In June I'll pay 480 three times for a total of like 1,400 something. American Web Loan is suing me for an unpaid loan I don't fell I owe this I had one I paid off and then had some fradulent activity on my bank account and closed it part of the fraudulent activity was them putting money in my account without my knowledge and … Status: 700 - Registered Serial Number I became involved with an online cash advance company called American Web Loan. American web loan is a complete ripoff they don’t bother to tell you that the loan you take out is going to cost you somewhere around 1000.00 to 3000.00 they don’t disclose that there intrest rate and fees do not go towards the loan and you have to pay extra to pay it off so in conclusion do not use this company if you want to keep your sanity. someone should stop these people or at least have them explain the terms more fully. It wasn’t explained to me that the payments made would not cover the principle. They said that they would not provide any information. A lawsuit claims 16 defendants are behind a 'rent-a-tribe' scheme in which the companies, 'borrowing' … The paragon of unnsaetrndidg these issues is right, When my husband and I were planning our first trip to Europe, we wanted to travel by train to get from country to country. American Web Loan is a member of The Native American Financial Services Association (NAFSA), formed in 2012 to advocate for Native American … Please help me. I included my payday loan amount. Reply. I received a call telling me I would be served papers and to call the phone number provided. I unfortunately took out an emergency pay day loan with American Web Loan on line. I think a class action suit is mandatory in order to put these predators out of business. Whatever you're looking to check-off that wish list, our personal financing can help you get there. Therefore, we highly recommend avoiding loan renewal or rollovers whenever possible. When combining the two loans, I have received $2100 in deposits and paid $2827 resulting in a $727 overpayment. They asked me to verify all of my information, which I would not do. You’ll have to apply first — which involves submitting personal information — before you can get a rate quote. Anyway I was approved for. I checked creditkarma and I see nothing on my report, they state they opened a $500.00 loan for me however I did not open this loan, it just magically appeared. I have paid them back 3 times as much as was borrowed to begin with. Located in South Dakota. I said I would not do that for security issues and agreed to verify my DOB and address as well as the names of some of my family members she claimed were listed as points of contact in her records. 1 users have flagged American Web Loans as a Scam with an aggregate rating of 1. Debt swirls around the borrower. I knew it was ridiculous interest, but wow!! Rail Europe had the most user-friendly website, and without independent knowledge of how to coordinate trains between countries, we assumed Rail Europe would be a good place to. This really scares me and I hope I have not given them enough information to make me a victim of fraud. Payday loan company attempting to sue me for bank fraud on closed account after i filled for bankruptcy..what do i do? American Web Loan - They stole $500 and no idea why, American Web Loan - request for documentation, View all 6 American Web Loan complaints & reviews. I got a payday loan from American web loan. I first received a $1000 loan from AWL in May and made payments totaling $2200 to pay it off. This email and any files transmitted with it are confidential and intended solely for the use of the individual or entity to whom they are addressed. Payday loan tornadoes: getting caught in a debt spiral. I asked them to mail me something out. She also said the account had a R2 status – was closed or had insufficient funds. Iive in North Carolina. If he does and I would be very disappointed to know he would still promote it. It is believed that some online payday lenders, however, are charging annual percentage rates in excess of 800% in clear violation of these laws. Whether it’s a car, boat or family vacation, your wants and needs can be quickly financed at competitive rates thanks to our local decision making. How is this even legal? I received a voice mail from [protected] stating they are attempting to locate me and that I should call back immediately or if I know said person I should pass their information to their office at [protected]. I have been paying back over $200.00 a month. In the face of a payday loan deadline, some borrowers may decide to take out another payday loan to keep up with fees and debt. I requested loan from American Web Loan, in the amount of $1500 for $137 a month by Nicholas I sent total of $360 with no loan in my account they requested I send them $166 more for transfer fee because I live in the state of MD. For example, after 2 months of paying on the loan at $600 a month, we still owed $1000.00. I had apply for a loan back in may.2014 for. "I called and spoke with someone about this and they say they weren't a collection agency but a legal firm. As part of the proposed settlement, American Web Loan has agreed to cancel $76 million in loans, covering more than 39,000 in the defendant’s … This was dumb on my part believing that this was legit. We were finally able to pay off the loan in full and in the end, we paid $4,600 for a $1000.00 loan. I asked them to mail me something out. My husband let her know he was on the line but did not tell her he is my spouse, he yelled at her accusing her of running a scam because there was no way she could know that and she yelled at him and said she would not discuss the case with anyone but me and that if he is my attorney he can represent me in court and hung up on us after saying they would be moving forward and good luck. I was in a situation where I needed them and they took total advantage of my situation. They said I still had 16 payments of $600 a month left ($6000 total) to pay it off in full, unless I did the $1258 on the spot. She said they are going to serve me papers; however I stated that they do not notify a person they are going to do this; they just do. If this is not against the law, it should be!!! DO NOT be a fool like we were. I knew it was alot but it was worth it to keep my car. In my opinion they are CROOKS and should not be allowed to do business any longer. Stay away from this sneaky loan company. Now, she is upset and is changing her account and debit card numbers, and putting fraud alerts on her credit reports, thinking they are running a scam operation. I had accumulated $1, 258.00 interest in just 8 weeks. The woman who answered said the case had been turned over to them and could not release any information until she verified she was speaking with the person of interest by verifying the last 4 digits of my social (which she had correct.) I called and spoke with a gentleman about my account, I asked him about the balance of my account. The Tribe has lived in the Missouri River Valley since the 1600's and was the first tribe to meet with Lewis and Clark in 1804. I would have been better off than I am now … I honestly don’t know what to do. ... You will give up rights to ever sue the Defendants and others about the legal claims that are in … I am paying $300.00 a month for fifteen (15) months … yes 15 months! TOTAL SCAM...stay away!! I called found out it was an old payday loan and was offered a settlement. I'm not sure what to think about it. May 3, 2014; I requested and was approved for an 800 dollar loan in January. It turns out that the $900 I have paid is just interest and I still owe $1,300. I said I would not do that for security issues and agreed to verify my DOB and address as well as the names of some of my family members she claimed were listed as points of contact in her records. It was in October or November, 2014 when I borroed the money. Therefore, they should not be taking money out until May, 2015. I needed cash quickly and knew it would cost me. Can the company sue me . The old me would have just accepted it , not anymore you get in a lot of trouble that way . This company is a bunch of crooks …they steal from the poor ..when I took out my loan the rep never mentioned that they would take 330 every two weeks and none would go towards principle what are they stupid.. We take out loans because we need it not rich to pay so much money only interests. Share View Comments. American Web Loan is a tribal lending entity wholly owned by the Otoe-Missouria Tribe of Indians, a sovereign nation located within the United States of America. American Web Loan 2128 N. 14th St. Suite 1 #130 Ponca City, OK 74601. Read detailed information and client reviews about American Web Loan I got a loan for 500.00 . I told them I am closing my bank account.. Do not do business with them!!! Congratulations your approved for $2500 ok, just what I need . Last day to ammend it is today. I called today to see what my balance is. Anyone have a suggestion as to what I can do? The only amount paid on the principal was $60.00 I paid extra one payday. My gosh… I should have just had my utilities turned off. Montel Williams is a promoter for this quick loan company. Update your account preferences here. (I live in NH) They have told me that due to a “default” on a $600 loan from American Web Loan back in 2009, I was going to be brought up on fraud charges. I borrowed 2500, made 5 weekly payments of 295, called to pay loan off and my balance was 2517. And as a previous person indicated, the online system does not work in order to get an extra day of interest out of their customers. I really needed the cash but I would have NEVER agreed to those terms because that is robbery. Whenever I heard the term “Used Car Salesman” in a negative connotative manner, I would roll my, My goal is to provide clients with the necessary tools for their personal, spiritual, and professional transitions in life.Using a, The chairman of Yamaha India who is leading the company to its demise, Fooling Inventors and Stealing from Innocents, Stay a thousand miles away from Jason Bond Picks. Country: United States: State: American Samoa: City: Scottsdale: Address: 14747 N Northsight Blvd Suite 111, PMB 309: Phone: 148062426: Website : www.americanwebloan.com: American Web Loans Reviews. © 2004—2021 HolySmoke.org. I have had loans from other payday loan companies. Cancel … (a total of $600.00 per month) He was told that these payments would pay the interest as well as a portion of the principle balance of the loan. Now do the math $150 * 16 = $2400, where did the extra $50 come from? It was in October or November, 2014 when I borroed the money. I had already spent my savings and needed something extra to give my kids a good birthday and Christmas coming up so that they didnt have to be punished for their father’s ignorant decisions. The old me would have just accepted it , not anymore you get in a lot of trouble that way . Please help. I asked her for documentation to show I owe this and she said it is passed that and recommends I have an attorney on file. All of my research on this company has me scared that this is a scam. this is a rip-off beyond comprehension. Wouldn’t recommend to anybody. I verified my DOB. We were told when we took out the loan that the total payback amount would be $600.00. They said they were American Web Loan. I called to see how much was left on my loan... and they told me I owe $1258... on a $1200 loan I got 8 weeks ago. I have had loans from other payday loan companies. They asked me to verify all of my information, which I would not do. You can borrow between $300 to $2,500 with 6, 9 or 12 months, to repay the loan. I'm not one to just click accept without reading the fine print . 0 Votes. I called and spoke with a gentleman about my account, I asked him about the balance of my account. They just continued to send me emails telling me I owed them money. Was informed that I needed to pay it all back but I was charged wiring fees by my bank of $45. Post Reply. In the following videos you can see testimonials, explore Flex … I will file a claim with Consumer Affairs and I will see if I can file a claim against them in small claims court for everything over the $630.00 I thought I had to pay for a $500,00 loan. She stated that the case had been turned over to them after a loan company had attempted to regain payment of $675.35 owed to them by me. Unfortunately for me they have several other company names Akas that also start taking withdrawals from my account, One Click Cash, Cash Call are just two of these alias’s. They are claiming these are federal charges. I am a victim of fraudulent withdrawals from my bank account from illegal payday loan companies. And looking at the terms and conditions, it states I will repay $2450. She just started working again and her insurance doesn’t start for two months. Even if your kids are starving and your electricity has been turned off, this route will NOT be worth it. I filled for bankruptcy- no lawyer. The woman who answered said the case had been turned over to them and could not release any information until she verified she was speaking with the person of interest by verifying the last 4 digits of my social (which she had correct.) American Web Loan offers online consumer installment loans ranging from $300 to $2500 with payments spread out over 6, 9, or 12 months. I borrowed this money and now am paying 60% interest a month. To top it all off... they said once I pay the remaining $1258 on the $1200 loan that my payments hadn't even touched yet... that it would take them 3 days to process it and i'd have to pay $20 per day of interest until the wrapped it on their end... $60 more just because it would take them 3 days to process it.

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