Usacomplaints.com » Business & Finance » Complaint / Review: Millennium Loan Fund, LLC - This is a predatory loan company preying on the misfortune of distressed people. It is criminal that these companies lie, and deceive, and literally steal your car because you cant pay their extortion. #974946

Complaint / Review
Millennium Loan Fund, LLC
This is a predatory loan company preying on the misfortune of distressed people. It is criminal that these companies lie, and deceive, and literally steal your car because you cant pay their extortion

My wife answered an advertisement on a title loan, by Millennium Loan Fund. Since we had paid off our 2001 Tundra, a very modest truck, we had a clear title, and agreed to the loan as we were facing a critical payment we just couldnt cover. The 300% on $1000.00 and other charges came out to 1300.00 total, or $ 310.00 per month, which we agreed to. What these criminals dont tell you, or they say they do, my wife does Not recall them revealing this next fact. My wife was a Texas realator for 15 years, do you think she would remember this little detail. They charge, what they call a CAB fee, or finance fee, of $ 250.00 PER MONTH, on the original ammount. Only $51.00 goes toward principal, that means it will take 20 months to pay this off, or a total of $ 6000.00 on a $ 1000.00 note. Where is the outrage? The people are getting killed? Where can we turn? What agency is looking at this. These people should have a class action suit against them, and made to pay back these outrageous charges.

Offender: Millennium Loan Fund, LLC

Country: USA   State: Texas   City: Midland
Address: 110 Midtown Plaza, Ste 100
Phone: 4326892000

Category: Business & Finance

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