Omni Financial military loans is a predatory loan service targeted towards America's service members. They have offices outside mostly all U.S. Millitary installations. They also try and sell loans in the malls in military towns as well.
They charge 33 % percent interest plus they require every loan applicant to take out insurance to receive the loan. I am in the process of closing out my account and they are giving me a bigtime hassle. They want you to send in paperwork across the country via mail to close out the account, rather than pay it out over the phone via bank card. While this whole process is happening you are getting charged 33 % interest.
These people target young service members and its a shame. They require you to take out a direct deposit out of your pay as as well to take out the loan. The ask for a lot of personal information and when I originally took out the loan, I got spamed by other loan companies. Apparently all of these loan companies are in the same network.
I have been charged 2 weeks worth of interest at 33 % because of this mail in process.
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