I got a title loan on my 2001 Ford F150 at 20% interest rate. I paid the 220.00 every month and finally decided to pay 1/2 off in Jan 05. I paid 720.00 and was told i was due again to pay in April, although I am moving and did not keep track of my reciepts. I have always called this company when/if I would maybe need a day or 2 extention, or they would call and remind me of loan due.
This month was different. Semmed I was being set up so that I could not ever pay off loan. Let me explain... I looked out my window to see a tow truck in front of my truck. I run out the all confused and he said go call, i will wait. As soon as I closed the door, he left WITH my truck. I call Capital Cash and she says, "no, hob. You were due in March." I said "well, how come you didnt call me?" She said we did, several times and it wasnt the right number. This, i know was a lie, because every other time, they have called me Now she is saying a one where a seven is supposed to be to play it off like she tried to call. So, now she tell me I have to pay 250.00 for towing, which makes it a total of 970.00, she says.
I told her I would have to complete loan paid off by the end of the month but i need my vehicle back. So, she calls the "loan officer" and he says no, she has to pay in full, because i know shes moving and i dont want to lose my money. Which, is understandable, but i have NEVER been late without calling first. They have NEVER had to hunt me down. Even giving this man my new address did not appease him.
I go down to this company with the 970.00 that the woman told me I would need to pay off the loan and get my truck back, and she says no, u need 1,286.80. I could not believe it. Seems they keep adding on fees to make it as impossible as they can for me to get my vehicle back. So, for the actual 500.00 I owe on this loan, they are taking a vehicle that is worth 20-25,000. They are giving me 20 days to pay this 1,286.80 or they will action off my truck. They know I am on social security for a disability and are doing their best to scam me. WORDS OF WISDOM: NEVER EVER, get a title loan. It is legal LOANSHARKING!!
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