Complain about a product or service

800loanmart.com

a/k/a/ 1 800 Loan Mart

Jennifer of Long Beach, CA September 17, 2009

I have had an auto title loan. I unfortunately have lost some of my monthly income. I do sqeak by making payments, but they are late. I was keeping communication and never let my loan get close to 60 days. sometimes I would have to make partial payments. I always notified the lender. I was called by Henry Recinos and told him I could make a payment and did make the payment I stated I would make. I had no phone call asking me to send in the vehicle or drop it off. I received a phone call at 12:45 am from a repo man that was outside of my house. I gave them the car at that point. I was sick of being threatened every month. They took my car.

Michelle of Alameda, CA December 23, 2008

Michelle of Alameda CA (12/23/08)
I am self-employed and came on some hard times this past year. I needed to pay a credit card off before they were going to take me to court. I went to a Payday Loan company and applied for a car title loan for $4000.00. Because of my business taking a turn for the worse recently my credit has gone down the tubes, so I was unable to go to a regular loan company.

I received the loan papers with a outragous interest of 105%. Because I was afrid of what the credit card company was doing to me I entered into the contract for the loan. I expected a high interest rate but not anything that high. I was told I had to sign off on my Pink slip and would receive a copy of a new one with the lender on it. This has not happened. By the time I pay off this loan it would have cost me over $11000.00 for a $4000.00 loan. The statements I receive don't tell me the balance of my account either, just what is due for the month. Is there no cap in this state for interest that can be charged to people with my problem?

If I loose my car I will not be able to continue my business (I have an express delivery service).

Jennifer of Long Beach, CA September 17, 2009

I have had an auto title loan. I unfortunately have lost some of my monthly income. I do sqeak by making payments, but they are late. I was keeping communication and never let my loan get close to 60 days. sometimes I would have to make partial payments. I always notified the lender. I was called by Henry Recinos and told him I could make a payment and did make the payment I stated I would make. I had no phone call asking me to send in the vehicle or drop it off. I received a phone call at 12:45 am from a repo man that was outside of my house. I gave them the car at that point. I was sick of being threatened every month. They took my car.

Michelle of Alameda, CA December 23, 2008

Michelle of Alameda CA (12/23/08)
I am self-employed and came on some hard times this past year. I needed to pay a credit card off before they were going to take me to court. I went to a Payday Loan company and applied for a car title loan for 4000.00. Because of my business taking a turn for the worse recently my credit has gone down the tubes, so I was unable to go to a regular loan company.

I received the loan papers with a outragous interest of 105%. Because I was afrid of what the credit card company was doing to me I entered into the contract for the loan. I expected a high interest rate but not anything that high. I was told I had to sign off on my Pink slip and would receive a copy of a new one with the lender on it. This has not happened. By the time I pay off this loan it would have cost me over 11000.00 for a 4000.00 loan. The statements I receive don't tell me the balance of my account either, just what is due for the month. Is there no cap in this state for interest that can be charged to people with my problem?

If I loose my car I will not be able to continue my business (I have an express delivery service).

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