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
- 10-24-2012
- 107
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.
Company: Millennium Loan Fund, LLC
Country: USA
State: Texas
City: Midland
Address: 110 Midtown Plaza, Ste 100
Phone: 4326892000