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1800loanmart / not a complaint as much as a warning

1 Sacramento, CA, United States Review updated:
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[Loan Agent] Hi! How may I help you with your car title loan needs today?
[Visitor] I cannot locate your interest ratew anywhere on the site. Can you advise please? Thanks
[Visitor] I cannot locate your interest ratew anywhere on the site. Can you advise please? Thanks
[Loan Agent] what is the year make and model of your car
[Visitor] 2001 Honda Accord EX 4dr Sedan KBB between good and fair = value at $5840.00 cosmetic only, no medchanical as always maintatined
[Loan Agent] ok give me a minute
[Loan Agent] 4c or v6
[Visitor] SURE v6
[Loan Agent] what are the miles
[Visitor] almost 120k
[Loan Agent] you qualify for 3, 000
[Visitor] okay so on that, what would be the interest:)?
[Loan Agent] and you would be in a 24 month term 8% interest and payments of $293 amonth
[Loan Agent] and you could pay it off at any time
[Visitor] so it's 8% per month based on the total amount loaned I presume. It does not decrease with balance due then?
[Loan Agent] 8% a month
[Visitor] As you indicate 8% a month, I again will presume that is based onthe total loan amount from inception and does not reflect based on balance due as it would decrease significantly monthly if 8% on the actual current balance. I presume this is not the case which would mean the total loan on 3000.00 is truly 5760.00 which is essentially 50%?! lol that's funny. I do appreciate your time and see why the reviews are what they are. I am a desperate single monther of three, but not that desperate! have a lovely day

Ev
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