American Web Loan Complaints, Reviews, Scam and Fraud Reports
Last Updated On: July 17, 2014
American Web Loan Ratings and Reports
Consumer Loss ReportsReported Losses: $2,900.00
Average Reported Losses: $580.00
Customer RatingsAverage Rating: 1.00 out of 5
Based On: 5 Reviews
Number Of Comments: 13
Latest American Web Loan Complaint
Failure To Properly Disclose Repayment Procedures
Unfair business practices and failure to properly disclose and/or notify regarding repayment procedures
I received a p****y loan for the amount of $900 in August; since that time, I have made bi-weekly payments of $270. When I added up the total amount I had paid thus far, I was alarmed and contacted the company.
An agent informed me that none of the money from the payments I’ve made have been applied towards the principal, which means I have paid more than twice what I borrowed, and the monies have only gone towards interest. I didn’t understand this to be the case when I got the loan because I certainly don’t remember it being explained to me that way.
I am disturbed that they weren’t even going to send a notification, letting me know that no payments had been applied towards the principal, but continue to debit my account every pay period.
Older Reviews About American Web Loan
Review #1: Being Harassed
Complaint Filed By: Jeanette Beeler
On: February 22, 2013
Rating: 1 out of 5
Reported Losses of $600.00
I got a call from American Web Loan on my cell phone. How they got my number I will never...
Review #2: American Web Loan – AWL is the biggest scam lender
Complaint Filed By: Ken
On: January 25, 2013
Rating: 1 out of 5
Reported Losses of $2,300.00
I took a cash advance from American Web Loan, I narrowed $700.00, they took the money from my bank account...
Review #3: American Web Loan – 1 Call retuned more than 3000 spam emails
Complaint Filed By: anonymous
On: August 13, 2012
I called this company to learn what they did and to determine if it was something I wanted to move...
Review #4: American Web Loan – Dishonest Web Loan
Complaint Filed By: Stephen Jantas
On: July 5, 2012
On or about April 14th, I called Money Mutual to borrow some money. I was given American Web Loan. They...
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