- Report: #234219
Complaint Review: Titlemax - Gadsden Alabama
-
Author Confirmed
Why?
Titlemax
203 E. Meighan Blvd Gadsden, 35903 Alabama, U.S.A.
Phone:
256-5473900
Web:
N/A
Categories:
Business Rating:
(0)
Tell us has your experience with this business or person been good?
Titlemax This company's business practices have GOT to be illegal and just need the light of justice shone upon them! Ripoff! Gadsden Alabama
In a time of crisis, I took out a loan from this company for $3,000. Now, after making payments of $370 a month for seven months, my balance is $3,700. I missed a payment and they took my only means of transporation. What this company has done to me, and continues to do to hundreds of unsuspecting people, CAN NOT be legal in the United States of America.
If anyone is thinking of taking legal action against them, I say TAKE IT! If a class-action suit comes up against them, I say we all get on board with it. THIS COMPANY MUST BE STOPPED! I think we all could use our money back, our cars back, and the satisfaction from seeing these immoral s****..
If anyone is thinking of taking legal action against them, I say TAKE IT! If a class-action suit comes up against them, I say we all get on board with it. THIS COMPANY MUST BE STOPPED! I think we all could use our money back, our cars back, and the satisfaction from seeing these immoral s****..
1 Updates & Rebuttals
Briana Riche
E,Tennessee,
U.S.A.
Read Your Contract
#2UPDATE EX-employee responds
Fri, February 09, 2007
This a 30 day pawn and intrest is due every 30 days, and just like a car loan at a bank you pay intrest every month and IF YOU DONT PAY YOUR BILL ON TIME AND DONT COMMUNICATE WITH THE COMPANY YOU LOOSE YOUR CAR! This is just like pawn your stereo at a pawn shop, if you dont pay it in 30 days they can sell it. Thats why title max puts themselves as the lein holder and have your title. Now if your car was repo (im sorry to hear it was)then you have 20 days to pay it off and get it back. People seem to get mad that when they dont pay their bill on time as they signed in the legal contract, that they loose their car. Why, would you like it if ever so often your boss says im sorry im gonna be a week late paying you. No you would be mad. This is the same thing, we provide you a service and we expect to get paid on time just as you do. Did you get a payback guide with your loan, if so it whould show exactly everyone of your payments and how much. Also that 3700 probaly includes principle due, intrest past due(accumaltes daily (princilple * intrest rate/30 days gives you daily amount))plus repo fees for getting your vehicle (varies by area). I cannot tell you what your intrest rate or repo fee as i am in tn and we can only due 2500 max on a loan. As far as selling cars to our own people that is a lie, we have to sale to wholesalers and all is monitored very closely by state auditors 2 times a year. If anything was being done illegal they shut it down quickly, they are very strict on pawn places.
