The complaint has been investigated and
resolved to the customer's satisfaction
Resolved
1800loanmartloan sharking

B Review updated:

I foolishly took out a 2600.00 title loan against my 2002 ford pick up truck, done to prevent my home from going into forclosure, good lord what a mistake!!!
I was so desperate at the time, I should have read the loan docs more closely!!! Almost 97% interest?? I have givin them almost $1000.00 already. I called them to get the payoff amount, I was informed it was over 2700.00??? Do not do business with these crooks, do not make the same mistake I did. They should chamge their name to 1800 loanshark

Responses

  • Lo
    Loanmart victim Sep 10, 2019
    This comment was posted by
    a verified customer
    Verified customer

    VEHICLES REPOSSESSED DURING BANKRUPTCY IS A FELONY.

    If you have had a vehicle repossessed recently we are working closely with the California Attorney General and passing bills to stop this once and for all. If you are ready to join the class action we need as much information as possible and as soon as possible.

    0 Votes
  • Ba
    Barbra H Aug 04, 2019
    This comment was posted by
    a verified customer
    Verified customer

    I got a loan with Loan Mart and then lost my job. I begged them to let me stretch out the payment until my first paycheck of my new job, which would make 45 past due, but I cant pay before that, and I told them I would double pay and never be late again, but they said they were going to send me to collections. I'm scared b/c I can't work w/o a car

    0 Votes
  • Da
    dav1977 Jul 14, 2019

    thieves and pon broker, s

    0 Votes
  • Ja
    jade949494 Mar 15, 2018

    DOES anyone want to file a class action suit?? I have been crying all day, they said one thing and do another. PLEASE, if anyone can find a loop hole lets do it

    0 Votes
  • Jo
    Josseline Delos Santos May 31, 2018
    This comment was posted by
    a verified customer
    Verified customer

    @jade949494 YES PLEASE CAN WE ALL JUST GET TOGETHER AND FILE A CLASS ACTION LAWSUIT??? HELPP!! THEY ARE ROBBING US BLIND!!

    0 Votes
  • Ti
    Tim Ray Sep 08, 2016
    This comment was posted by
    a verified customer
    Verified customer

    Contact Email: [email protected] for easy, quick and cheap loans. Contact now for more info on loan program

    0 Votes
  • Ri
    rivera1260 Aug 22, 2016

    I have the same problem with Loanmart, if any one want to sue them I'am more the ready to do that. somebody need to present the insane rate to the goberment and stop LOAN MART to continue stilling our money.

    0 Votes
  • Je
    Jeanie Belcher May 29, 2016
    This comment was posted by
    a verified customer
    Verified customer

    I doubt that he will see this because it appears to be from a few years ago but I had to comment on the person who has the nerve to call anyone ignorant who obviously does not know how to use a computer or type. As long as you type in all caps and do not use spell check to correct your grammar and spelling errors while saying something as ignorant as you did, I do not think anyone who has been victim to this company will lose any sleep over your opinion. You obviously have some affiliation with this company or why would someone as pro Loan Mart be looking on a review site. My guess is you are one of the liars who work there and are just as guilty are the owner of this place. They must hire people who can't get jobs at reputable companies because they are such losers and get off on the power trip of treating people the way they do. I too was scammed by them. I was told to go to a check cashing store near me they are in the LA area I think and I am in San Diego. When I speak to a rep of a company on the phone and am told one thing I did not use to question it, I had been working with this guy through the application process etc. I had no reason to think everything he was telling me was a lie. Remember we were borrowing from them in the first place because we had less then perfect credit and were in a bind and needed money so once everything was approved and finallizized I was to go to the location and sign the contract and get the money. I did not have to read any small print it was big and bold and at this point there was not one thing I could do about it except "not pay my bills' which by the way if all of us did not do we would not need the loan. People like you really make me angry, you have no idea what you are talking about, probably have never had credit or owned a car you could get a title loan on. I did not have a problem with them taking me car because i paid every payment and on time. What I did have a problem with was people exactly like you who must have worked there or knew someone who did calling me and harassing me saying I had got a payday loan and never paid it back. They were calling me on my work cell phone the company office phone and the way I know it had something to do with this loan is they called the people I has used for a reference on the loan and told them I had got a loan fraudulently and used them as a reference. Not real smart of the callers since that was the only was they could have known this. They had such a heavy Indian accent that I could not understand what he was saying for a long time and was scared by the calls. I did not know who was calling or why and it was a very stressful time until I googled the phone number and found they were doing this to many people. My guess would be this company is owned by someone who is from a different country and the insane interest we were forced to pay was not enough for them so they were trying to extort money out of the customers too. They should be locked up and deported back to wherever they came from. Do this ### in your own country not ours.

    1 Votes
  • Ru
    RUBYROSE1231 Nov 29, 2015
    This comment was posted by
    a verified customer
    Verified customer

    WARNING! WARNING! WARNING! DO NOT APPLY!
    $7, 000 = 22, 000 Pay back amount. That should speak for itself. And I have pretty okay credit not great but Ive always received good APR's.
    I too was desperate! Just had a new born baby when my home caught fire and needed to rebuild. IMPOSSIBLE to pay back, Ive never had to go without until I met L.MART If you need help like I did there are charitable organizations AND MANY OTHERS out there that will be honored to help you.PLEASE DONT DO IT... IM WARNING YOU!!!XXX!!!XXX!!!

    2 Votes
  • Se
    sean htt Jun 12, 2015

    In Dec 2013 I was experiencing financial difficulties after a layoff. I had a house and two children and I was getting behind on my mortgage. I checked out loanmarts website talked to a sales agent .I had a 2006 Yukon paid off with only 97000 miles on it. I was told the intrest rate was 37% but the quiker I paid it off it wouldn't factor in . I was starting a job the next week at 68, 000 a year and planed to pay this off within 2 months. on the application I had to give my new job information. I would send the payment out in the mail the day before the due date. they were calling my home number the day it was due and everyday after until they posted payment. but what was unfathomable was that they were calling my new job saying who they were. telling my boss that I was in the rears on my payment and could loose my vehicle . my new boss bought this up at work, and said tell them not to call here anymore . I did just that I told them to take that number off there computer and never call there again (angrily) the person apologized and said they would and by the way they were calling everyone on my application close friends, family prior bosses in consecutive order. I was sitting with a friend at a coffeehouse when they called me on my cell phone . I didn't pick up. then my friend got a call. the look on His face was worried. he said I don't know were he is and ill tell him if I see him. it was loanmart. I was mortified. Also my friends were worried and didn't believe that it was only one day after the payment was due. the next month all happened again I was laid off . they said it was for economic reasons . I lost my home .I live in a two bedroom apt with my two teenage. and im still being harassed still making 335.00 payment, the principle never goes down . when I read the contract in detail it said 98% interest. I couldn't even imagine at the time that it was legal to charge a person that kind of interest. This is legalized loansharking they don't brake bones when your late. they call your friend and shame you( luckily I have strong friendships) they call your boss. who doesn't want the problems ;of you not getting to work because he thinks your car is being repot. If this company is allowed to due business like that. it opens the doors to more predatory practices and eventfully were all consumed by corporate greed. Evil prevails because good men do nothing.

    2 Votes
  • Lo
    logd1 Apr 10, 2015
    This comment was posted by
    a verified customer
    Verified customer

    Hello everyone,
    My name is Mr Oliver and i am talking as the happiest person in the whole wide world today and i told my self that any lender that rescue my family from our poor situation, i will tell the name to the whole wild world and i am so happy to say that my family is back for good because i was in need a loan of $ 100, 000 USD to start my life all over as i am a single mum with 4 kids and the whole world seemed like it was hanging on me until i met the GOD sent loan lender that changed my life and that of my family, a GOD fearing lender, Dr.Muhameed, he was the Savior GOD sent to rescue my family and at first i thought it was not going to be possible until i received my loan of $ 100, 000 USD on the 5th/Jan/2015 and i will advise any one who is in genuine need of a loan to contact Dr.Muhameed via email at [email protected] because he is the most understanding and kind hearten lender.

    thanks you all for listening,

    1 Votes
  • We
    WenSue Dec 22, 2014

    I have paid these idiots 6400.00 on a 3000.00 loan and my payoff is 2400.00 WTF?? They constantley threaten repo if a few days late! I want to know what we can do?? I need out of this nightmare.

    1 Votes
  • In
    incredibly angry Aug 02, 2014

    Loanmart is the worst! I have been paying for 2 years and the principle has never gone down. I had my vehicle repo'ed last October. My payment was a week late and I make an arrangement to pay on my next pay day (the following Friday). They repo'ed it on a Thursday and had it at auction on Friday!! THAT IS ILLEGAL IN THE STATE OF CALIFORNIA!!! THERE IS A WAITING PERIOD THEY MUST WAIT TO GIVE YOU THE OPPORTUNITY TO GET IT BACK FIRST! At this point I cant keep paying on this, I have been inquiring about surrendering the vehicle and I can not get a straight answer from anyone. It has been 3 weeks. I started asking before my payment was even due. The just keep asking where the vehicle is at right now. I recently called for a payoff and it is double the amount borrowed. HOW IS THAT EVEN POSSIBLE? $500 in fee's for taking on the loan, alone. Where did that come from you may ask? NO ONE AT LOAN MART CAN TELL ME!


    WARNING!!! DO NOT DO BUSINESS WITH THESE PEOPLE, THE EMPLOYEES ARE CRIMINALS
    MUCH AS THE OWNERS OF THE COMPANY WARNING!!!

    1 Votes
  • Ch
    Christine Comer Jul 03, 2014

    I to got a loan from these jerks .I only wanted 300.00 but made me take one out for 2800.00 but got only 2400.00 something the rest were fees. I have to pay them back 6200.00 and something.And if your late the call every dam day. I well never do business with them again.

    0 Votes
  • Fr
    Frank Rodriguez Jun 05, 2014

    Ok don't know what the heck happened to others but I got a loan for 2450.00 yes it was at 9% monthly...but I only needed it for a few months. % months later I was able to pay off the balnce with no interest added. I thought this was a great deal ??

    0 Votes
  • Mo
    movie May 23, 2014

    These loans are covered under calif. Usary laws - max rate in general transactions is 10%; only banks (credit cards) and real estate can charge greater amounts. Auto pawn loans are covered under pawn lenders, and the max rate on anything considered in the business of pawn, is 2.5% in calif.

    1 Votes
  • Go
    Golden Blue Financial Group Apr 12, 2014
    This comment was posted by
    a verified customer
    Verified customer

    Dear Sir/Madam

    Apply for a quick and convenient loan to pay off bills, start a new business or refinancing your projects at a cheapest interest rate of 3%. Do contact us today Via this E-mail: [email protected] for more details and information's.

    Your's in Service,
    GoldenBlue Financial Group
    Telephone: +[protected]

    0 Votes
  • Ch
    Charlotte G P Mar 14, 2014
    This comment was posted by
    a verified customer
    Verified customer

    I got a loan for $5, 000 on my BMW and before I could sell my car I had to pay over $7, 500.12 to pay off . What the Hell !!!

    0 Votes
  • Ed
    Edmondk50 Jan 11, 2014

    Good Day

    I am Mr.Edmond Willy .From Boston United State. I finally got a loan of 80, 000 usd from a legitimate company, although i have been scammed several times by some other online lenders, but when the time came for me to get a loan i was first reluctant thinking that the lender might also scam me but to my greatest surprise my loan was transferred into my bank acct within 24 banking working hrs, this was after my loan has been approved. In case you need a loan afraid of being scammed i will advice you contact via my personal email: [email protected] so i could direct you, or you contact the lender directly on the company email [email protected]

    Mr.Edmond Willy
    Announcer

    0 Votes
  • Mi
    Miss.Bana Jan 02, 2014

    Hey evrryone! May JESUS Bless each and everyone of u!! Please call Todd [email protected][protected]! He is an awesome Attorney! He is a consumer Lawyer and he is probono ok? Loanmart needs 2 be shut down! How can Cali allow this? Stay encouraged! Al Also look up scam report! An ex employee tild how they got her to be the company s rules! Wow! Obtaining Cell phone records and. Getting their personal info! How is this possible?

    0 Votes
  • Je
    Jesse Warren Oct 14, 2013
    This comment was posted by
    a verified customer
    Verified customer

    We help both the old and young with our financial offer with structured and customized facilities to satisfy our costumers need. so if you are interested in our financial help, contact us vial email: [email protected]

    0 Votes
  • Jo
    jodann Aug 08, 2013

    i was sick and couldnt work got behind on my rent and other bills i felt like i didnt have a choice but to take out a loan and yes they are loan sharks there should be something done about thses kind of poeple i feel rape

    0 Votes
  • BlackIrish1966 Jan 31, 2013
    This comment was posted by
    a verified customer
    Verified customer

    [email protected]
    [email protected]
    [protected] ext 136
    [protected]

    0 Votes
  • Sa
    Savatari Chyler Dec 28, 2012
    This comment was posted by
    a verified customer
    Verified customer

    I was about to get a loan with these people, I submitted my application but after reading all of these feed-backs, I am NOT going to proceed, I'll work 2 or 3 jobs to get the money I need to get things done. I understand that the fine print needs to be read but on the other hand, there are terms that not everyone understands the meanings of. It is the Loan officers job to explain it clearly & be honest. These companies may not be able to lie but I think we can all agree that they are not exactly forthright with everything either. All of the people who have posted complaints on here can't be wrong so I am going with the majority. People don't go out for loans as a first resort, its usually the last resort. Who wants to have to pay back a loan with such a high interest just because they wanted money to shop..these loans are taken out for legitimate reasons.
    Thank you for taking the time to post your experiences, would I have not read these reviews, my documents would have been turned in by the end of day today and I would have risked losing my only form of transportation and as a divorced woman, that would have really placed a big burden on me.

    0 Votes
  • Mi
    MikeJones Nov 22, 2012

    ALL OF YOU ARE IDIOTS, I READ THE CONTRACT AND MULTIPLIED MY MONTHLY PAYMENTS BY THE LOAN TERM . FOR EXAMPLE BECAUSE CLEARLY SOME OF YOU CAN USE THIS METHOD . 450 A MONTH BY THE LOAN TERM OF 24 MONTHS = 10, 800.00 ---- THATS HOW MUCH YOU IDIOTS HAVE TO PAY BACK IF YOU PAY FOR 24 MONTHS. HOWEVER IT IS A SIMPLE INTEREST LOAN SO THAT MEANS YOU CAN PAY OFF SOONER AND NOT PAY THE 10, 800.00 . SOME OF YOU SHOULD LEARN SOME COMMON SENSE BEFORE GETTING A LOAN WITH ANYONE, THE MAIN REASON WHY THE ECONOMY IS MESSED UP, BECAUSE PEOPLE DONT WANT TO HOLD THEMSELVES RESPONSIBLE FOR THERE ACTIONS. AND FOR ALL OF YOU STATING THAT THERE SHOULD BE A LAW AGAINST LOAN COMPANIES LIKE LOAN MART. THERE IS, AND SOME OF YOU NEED TO UNDERSTAND THAT THESE ARE LOANS. NOT A FINANCE COMPANY .

    1 Votes
  • Ja
    James Anthony Meister Sep 14, 2012
    This comment was posted by
    a verified customer
    Verified customer

    I had two loans with 1800loanmart made payments to them each and every month ONTIME. I had an interest rate of 84% when I went back to them to refinance and get more money they never gave me a lower interest rate even though I had established credit with them, so when I decided I was tired of paying the 84% interest rate and found another company who would take the loan away from them with a much better interest rate I was given TWO different payoff totals, they also delayed the closing of my loan so that the $400+ dollars that I had paid off on the principle, had been eaten up all but for $49, and when I called them on it asking then WHERE is my $49, now it has been 14 days since the closing of the payoff I was told by SEGIO "it's going to be awhile until I get my money", so here is this company charging me $10 a day interest but won't pay me the same interest on the MONEY they owe me. I have files a complaint with the BBB and am doing the same with the Attorney General of California this company should have to pay the same INTEREST rate they charge US when they have to REFUND a payoff

    -1 Votes
  • Sh
    Shark Bait Aug 07, 2012

    Do yourself a favor and just don't do any business with 800LoanMart. The are crooks. I could give you a long history but it would be a repeat of the rest of the complaints. They should be shut down. Their business is to rip off people who for one reason or another are desperate for money. You will never get out from under them. I've paid them $20, 000 on a $5, 000 loan. NEVER SIGN A CONTRACT WITH THEM. It has to be illegal.

    -1 Votes
  • Te
    terrell dixon Jul 19, 2012

    all i can say is they got me too . i share the same story with million of complaints there crooks . and should be under federal investigation. by the u.s atorney

    -1 Votes
  • Se
    seanxbrootal Feb 23, 2012

    one of the biggest mistakes I've ever made in my life. My wife and I took out a loan on our car and just like everyone else, it seemed like a sure way to get cash quickly at little cost to us. Not only do they dish out lie after lie after lie, once they've got you suckered into a contract they are very non compliant and will not work with you on anything.I got phone calls multiple times a day if my bill had not been paid and was late by even one single day. Please, listen to all these people and do not get involved with these people. It will only make you more stressed and deeper in the hole.

    0 Votes
  • Sh
    shytyme2 Jan 04, 2012

    **BEWARE OF THIS COMPANY** If I had known then what I know now I would not have taken a loan out with this company. like others have stated the customer Serv. Rep was very polite but they really don't explain some of the most important aspects of the loan, I found them out as I went along. 1st- I was told that the first year goes to interest not principal. then that there is a compounding interest everyday.?? go figure. Orig. loan @8, 000 contract repayment would be over $25, 000. When I called to ask for payoff amt. the rep. gave me attitude asking me "why would I want to do that" I almost lost my cool. For triple the amt of the loan. I think I would sell a kidney to get out of it. NOT LOL. I will warn anyone looking for a loan not to go to 800loanmart unless your looking for easy emerg funds that you know you can pay back with a very short amt of time seeing as they charge you interest everyday and you pay that 1st.

    0 Votes
  • Ca
    CALIFORNIA81 Dec 14, 2011
    This comment was posted by
    a verified customer
    Verified customer

    I HAVE 1800 LOAN MART!! HOPEFULLY THEY GO OUT OF BUSINESS AND THEIR ### EMPLOYEES LOOSE THEIR JOBS! DONT DO BISINESS WITH THIS CROOKS!! AND YES IT IS ABVIOUS THAT PEOPLE THAT ARE DEFENDING THIS ### COMPANY ARE EMPLOYEES!!

    0 Votes
  • Ca
    CALIFORNIA81 Dec 14, 2011
    This comment was posted by
    a verified customer
    Verified customer

    1800 LOAN MART SUCKS BALLS!!! DONT DO BISINESS WITH THOSE CROOKS!!!

    0 Votes
  • Fa
    falling in debt Nov 16, 2011
    This comment was posted by
    a verified customer
    Verified customer

    I'm letting everyone know that i have a broker with 1800loanmart.
    they ask me to fax personal document. i could not find my title so they keep calling me. when i finally fax them the infrmation they needed.
    they call me back the next day say that i was not approve for the loan.
    i first got pre-approve for 2500. for my lincoln ls
    2000
    waste of my time

    0 Votes
  • Ce
    Cesar Ramirez Sep 23, 2011

    I was considering taking a loan with them but waited and now 2 people I know have told me the horror stories they or their kids have experienced with this company. I'm telling everyone I know about them. We have about 10K local people that subscribe to a local blog in the LA area, and gues what, I'm telling everyone about this scam. Needless to say, I also have a lot of low friends in very high places, haha. This company's days are on an official countdown!

    0 Votes
  • Eb
    ebeth Sep 21, 2011

    LORD... I ask that when these human people at 1-800LOANMART come before you to be judged, that they are judged with the same courtesy they gave all these families during there time of financial need. Thank you for all your comments. I WILL NOT PUT MY FAMILY OR MYSELF THROUGH THIS PAIN IN SUFFERING!!!

    0 Votes
  • Ch
    Chuck_Schultz Jul 29, 2011

    ****WARNING**** BE WARNED 1-800LOANMART IS NO JOKE!!!
    THEY WILL GIVE YOU THE SWEETEST STORY FOR THE PERFECT LOAN TO HELP YOU WITH ALL YOUR TROUBLES. BUT IN THE END, JUST LIKE A THIEF IN THE NIGHT THEY WILL BREAK ALL YOUR JOY AND RUIN YOUR LIFE FOR A VERY LONG TIME. PLEASE DO NOT DO BUSINESS WITH 1-800LOANMART. THIS IS MY BEST ADVICE TO ANY AND EVERYONE. I AM SEARCHING FOR A LAYER TO TAKE MY CASE TO COURT WITH THEM.

    0 Votes
  • Gr
    grandma882008 Jul 16, 2011

    I was one month behind because my car broke down and I had to get it fixed or no money to make the payment. They threatened to come get my car unless I came up with the payment that day before 8:00 pm even though I promised to pay the next morning when my paycheck was direct deposited. I had to borrow the money and send it western union, another $10.00. Then they said they would work with me on the other payment that was due but now they won't. They are definitely predators and loan sharks. DO NOT DO BUSINESS WITH THEM!!!

    0 Votes
  • Go
    GodIsWatching Jul 09, 2011

    My experience with 1-800-LoanMart has been nothing short of a nightmare. I took out a loan for $2600.00. I made all of my payments on time, even early. I relocated my family for employment. After making my payments for 5 months, I was laid off my job due to the economy. When my car was purchased, it was paid for with cash. It was a 2009 Nissan with only 74 miles on it. Facing horrible hardship with losing my job, I decided getting rid of the loan mart payment each month was the best thing for my family. I then took my car back to the Nissan dealership and sold my car back to them for two thirds of what I originally paid for it. I had called 1-800-loanmart to get the payoff information before I went to Nissan. I was quoted a payoff. The next day I went to Nissan and sold my car back to them. When Nissan called them to get the payoff, it was almost $200.00 more than what 1-800-loanmart had quoted me. In the beginning I was quoted one interest rate, but given an interest rate that was over 100%. Nissan sent the payoff check to 1-800-loanmart by over night carrier. So the loan company received the check the very next day. I was told by Nissan that I could not get my check for the difference of the selling price and loan payoff until Nissan had the car title in hand. I understood this and agreed. Although 1-800-loanmart had received the check, I was told that they would not release the title of my car to the dealership for at least 10 days. The person I spoke to at loanmart was named Manuel. While on the phone with this man, he was extremely rude and hateful because I had sold my car and got my loan paid off. He went as far as telling me on the phone that if he wanted to, they could take up to 20 days to release my title to Nissan. He hung up on me on the phone. I called back to 1-800-loanmart and reached someone else, who in turn connected me again with Manuel. Who hung up on me again. I kept calling until I found out who his supervisor was and spoke to her. She was spouting off to me the same thing as Manuel did. I then called the DMV who told me that the law says 1-800-loanmart has 10 days to release the title to my car. It is all done electronically now. No paper. Even though I had made all of my payments early, my loan payoff was only $76.00 less than the amount I originally borrowed. johhny e, how about you learn to spell before you start blasting others for their intelligence? It is my prayer that you never know the desperation that someone has to feel to take out a loan from these crooks. When someone's family is hungry or about to be homeless, that mother or father would sell their soul to feed their children. I am still going to file a complaint with any and every state agency that will let me regarding 1-800-LoanMart. Their shoddy business practices need to be stopped.

    0 Votes
  • Wi
    Wiconi Jun 20, 2011

    At the risk of sounding like a troll... what the hell do you expect from something called 1-800-LOAN-MART? That just totally sounds like a swindle/scam/sharking setup. Use some common sense before you jump head first into something before doing your research and without reading the fine print.

    0 Votes
  • Ta
    taken for a ride by sharks Jun 20, 2011

    What a mistake. Its hard to believe what these guys do is legal in California 96% interest? Even as a funder of last resort these guys are a disaster - looking to make your bad situation worse. They do a great job of protecting your banking information as well - day loan was made is same day bank account is compromised? Slammed with fraudelent charges? Coincidence? Payment site protected by Go-Daddy ? Really? Not even HTTPS in effect? Money gram as primary way of making payments? Principle that goes us up? Avoid at all costs. Better to sell your car and figure it out from there than taking money from these guys.

    0 Votes
  • Ta
    taken for a ride by sharks Jun 20, 2011

    Its hard to believe what these guys do is actually legal based on california usury law. 96% interest rates for a loan? shoddy business practices in protecting private banking information - the day the bank information was provided to set up the loan the account gets compromised and is hit with fraudelent charges? Coincindence? I have never seen a site "protected" by GoDaddy.com or have its https symbol with a red slash thru - dropping the security from secure site. Huge mistake doing business with these guys. A rated with Better Business Bureau? Hard to believe.

    0 Votes

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