I received a $3000.00 loan with Titlemax in November. My first payment (mini $300.00) was due in December. I have never missed a payment until this past month "March 26".
Titlemax repossed my car yesterday, April 22 for being one payment behind. The next payment is not due until April 26. I was told that I have to pay the full amount before I can get my car back.
I have paid the minimum interest $300.00 on the loan for the last 16 months, totaling $4800.00 (not including late fees $10.00 a day) and I STILL owe Titlemax $3000.00.
I am a flight attendant and I travel all over the world. Sometimes it is very difficult to return the 3 or 4 calls a day, everyday from Titlemax, especially if I am out of the countrty. You can not make payments online, over the phone or in my case mailing is difficult to do if I am out of the country.
I have asked the employees, district managers several times for a settlement offer on my loan since I have paid so much in just interest alone and only a few dollars went towards the principal. Titlemax refused to work with me stating that I still have to pay the payoff of $3000.00.
Now I am out on disability due to a work injury. I am unable to return to work until next year (maybe). So my income is limited and coming up with the payoff is very very difficult to do so. I am not sure of where I can go or what I can do about Titlemax "Ripping Me Off". But I need some HELP! Help on talking to the Legislators, Attorney General or State Consumer Affairs. If any one knows where I can go or what I can do, please email me. Thanks!
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