TNL Title Loan Cheated Me
Date: Wed, 11/26/2014 - 17:57
Hello I am new here but I saw the thread explaining how to make thread to best get help, so I will do my best.
I am in california
I took loan from TNL Car Title Loan
I borrowed $2680
So far I have paid a total of $3216
Hello. I was looking for a Payday Loan for $1800 to pay an unexpected one-time bill. I was told by my payday shop that payday loans were not that large and I needed to go to TNL Car Title Loan to get a Car Title Loan. I have done payday loans before and I was very responsible and my payday shop is good so it was expensive but fair. But this time I have been cheated.
I'm making this thread because after Thanksgiving I'm going to go back to TNL car title loan and complain, and I need your help to confirm I was cheated and what to say. Here is the whole details of all my dealings with TNL just in case you may need it.
When I first went to TNL I wanted a loan of $1600. First thing I was told is that I had to borrow more than that. This should have been clue they were going to cheat me, but I was desperate. They told me I would use the extra money above the $1600 to pay the remaining car payments so I would only need to pay them from now on, and I would keep the same amount i am currently paying, but the loan would be expanded until I paid off the loan. They lent me $2680 for 6 months. My car payments are $536 and I had 2 left so I used the extra money to pay those and even had a couple bucks left over. I gave him account information, car, etc... and since then it has been debiting from my account and no problems.
Every month $536, and now the last month, there has been no payment. I got a message saying I am qualified for refinancing and there is a past due balance of $3216! I figure there is mistake and I manually through website make a payment of $536 through refinance. Now says $2680 remaining. I have already paid all $3216, it cheated and reset the loan. I go back to the store and I am given a printout of a page saying $3216 interest remaining balance $2680, term 12 months, and that it was reset because I refinanced. I try to explain that the only reason that I refinanced was because it didn't debit my account for $536 and had whole $3216 balance remaining, but she keeps on telling me that "it was already there."
What should I do when I go back? What did the refinancing do, can I roll it backwards, and is this even legal?
I am in california
I took loan from TNL Car Title Loan
I borrowed $2680
So far I have paid a total of $3216
Hello. I was looking for a Payday Loan for $1800 to pay an unexpected one-time bill. I was told by my payday shop that payday loans were not that large and I needed to go to TNL Car Title Loan to get a Car Title Loan. I have done payday loans before and I was very responsible and my payday shop is good so it was expensive but fair. But this time I have been cheated.
I'm making this thread because after Thanksgiving I'm going to go back to TNL car title loan and complain, and I need your help to confirm I was cheated and what to say. Here is the whole details of all my dealings with TNL just in case you may need it.
When I first went to TNL I wanted a loan of $1600. First thing I was told is that I had to borrow more than that. This should have been clue they were going to cheat me, but I was desperate. They told me I would use the extra money above the $1600 to pay the remaining car payments so I would only need to pay them from now on, and I would keep the same amount i am currently paying, but the loan would be expanded until I paid off the loan. They lent me $2680 for 6 months. My car payments are $536 and I had 2 left so I used the extra money to pay those and even had a couple bucks left over. I gave him account information, car, etc... and since then it has been debiting from my account and no problems.
Every month $536, and now the last month, there has been no payment. I got a message saying I am qualified for refinancing and there is a past due balance of $3216! I figure there is mistake and I manually through website make a payment of $536 through refinance. Now says $2680 remaining. I have already paid all $3216, it cheated and reset the loan. I go back to the store and I am given a printout of a page saying $3216 interest remaining balance $2680, term 12 months, and that it was reset because I refinanced. I try to explain that the only reason that I refinanced was because it didn't debit my account for $536 and had whole $3216 balance remaining, but she keeps on telling me that "it was already there."
What should I do when I go back? What did the refinancing do, can I roll it backwards, and is this even legal?
One other question
There was one other question I forgot and that is if I should change my checking accounts before I go back to the store, any way to check is the $536 debit set up still?
You need to look at your
You need to look at your contract that you signed and see if you were on an interest only loan? if yes, all the payment was going to interest only -nothing to principal.. which unfortunately is legal -and you signed the agreement.. If you default on - they will come get your car!!!
Tell us what the wording in your agreement is?
