Client Review on Auto Equity Loans Of DE, LLC

Feedback:

It's bad enough that they charged me 240% interest rate, which equates to 20% a month, but we have all the money to pay the loan off in full today and they will only allow us to make a maximum payment of $1,000. They will not allow us to pay the loan off in full by credit card even though we have enough money to do so. Yesterday they lied and said my card was declined by my bank. We asked my bank about this and they said I had more than enough money to cover it and that Auto Equity Loans didn't even try to charge my card. We cannot get anyone in authority to call us back from this company and I am in contact with the Delaware Department of Banking. They are encouraging me to send all documentation to them to initiate an investigation. I am giving this company until the end of the day before I do this. Do not do business with this company! To put this into proper perspective, I borrowed about $1,600. I was scheduled to pay 12 monthly payments of over $300 a month, and then have a balloon payment of over $1,900 at the end of the year....otherwise, I lose my car! What a rip-off!