Do you think LoanMart is not playing fair? You have rights under the law and we can help you at no cost to you. UDAAP is an acronym representing laws that prohibit Unfair, Deceptive, or Abusive Acts or Practices in the context of trade or business.
THE BEST PART IS…
If LoanMart violated the law, you may be entitled to money damages and LoanMart will pay our fees and costs. You won’t owe us a dime for our services. Plus, some of our clients also receive debt relief and cleaned-up credit reports. You have nothing to lose! Call us today at 312-300-5996 for a free consultation.
What is LoanMart?
LoanMart is a lending company that provides auto title loans, auto pawn loans, payday loans, installment loans, and traditional bank loans as well as emergency quick cash loans to its clients. The company serves the states of California, Arizona, New Mexico, Utah, Missouri, Alabama, and Wisconsin. LoanMart has an A+ rating by the Better Business Bureau but is not accredited by BBB. The company was founded in 2001.
LoanMart Address, Phone Number, and Contact Information
Customer Service
15400 Sherman Way Unit 170
Van Nuys, CA 91406
https://www.800loanmart.com/
+1 213-213-9605
Monday – Friday: 8 am – 6 pm
Saturday: 8 am – 5 pm
Sunday: Closed
False Advertisement
A major complaint consumers have against LoanMart involves their misleading ads. According to reports, the lender told clients that they would not seize vehicles for their auto title loans. However, upon successfully getting their loans, LoanMart had consumers’ vehicles towed.
Billing Discrepancies
Consumers of LoanMart complained about many billing issues including uncleared accounts and exorbitant interest rates. According to one account, a client who has reportedly settled their accounts with LoanMart was being harassed for further payments. LoanMart has also badgered the said consumer for personal information.
Poor Customer Service
On top of their disappointing financial services, LoanMart’s consumers have also lamented the company’s customer service. Consumers looking for ways to fix issues with their loans or accounts were faced with knowledgeable and basically unhelpful customer representatives. This poor service has led to many consumers tortured with their unresolved issues.
Unfortunately, misleading ads, billing issues, lousy customer relation complaints are just the beginning for LoanMart. The lender’s customers are left wondering what options they have regarding their consumer rights.
We Fix Complaints When Customer Service Won’t
Has LoanMart used misleading sales tactics? Have you received poor service? Do you have complaints with billing? Do you want customer service at LoanMart to listen?
A lot of LoanMart Corporation customers aren’t happy with their service and the Better Business Bureau lists 80 customer complaints against the company in the past three years, including complaints for billing and collections practices, problems with a service/product, advertising and sales, among others.
If your complaints haven’t been heard, we can help. At America’s Consumer Lawyer we help customers who have been mistreated by big companies–much like LoanMart–and we turn your complaints into resolutions!
We’ll not only file your legal demands with LoanMart, we’ll negotiate with the company. If your claim isn’t resolved through these negotiations, we’ll work through the legal process that is outlined in your LoanMart contract, which is typically arbitration.
America’s Consumer Lawyer gets results–including zero balances, refunds, and other compensation.
Here’s How to Make Big Companies Listen
It can be frustrating when you rely on a service and don’t get the results you’ve paid for. Big companies make mistakes every day and not only is it their fault, but it can also cost you money, time, and leave you with big headaches.
Have you tried calling LoanMart to address an issue, only to be told that the representative has no authority to do so? Or maybe you’ve tried talking to someone higher up in the company, only to be ignored, dismissed, or they take too long, continuing to waste your precious time. Maybe you’ve sent an email to the company which only resulted in a prefabricated response or they never follow through with what they’ve promised.
When you’re limited in your choices for service providers or you’re locked into a contract, what can you do?
Fortunately, you do have options.
Use Arbitration to Settle Your Complaint
Most companies like LoanMart have an arbitration clause in their contracts to prevent being taken to court for traditional litigation. This is actually an advantage for the consumer. When you request an arbitration hearing, an independent third-party (the arbitrator) with knowledge of the type of situation involved will listen to the facts from both sides and make an impartial, binding decision. LoanMart will have to do a lot of work and there is no guarantee that they will have a successful outcome.
Arbitration is Fast, Inexpensive, and Private
Arbitration with LoanMart is conducted through the American Arbitration Association (AAA). According to the AAA Consumer Due Process Protocol, arbitration through AAA will comply with their Statement of Principles, which includes:
- The process is fundamentally fair – All parties are entitled to qualified, competent, impartial arbitrators who will conduct a fair hearing.
- You get access to all relevant information – This includes reasonable costs, confidentiality, reasonable time limits, and meeting times and/or locations that are agreeable to both parties.
- Transparency – AAA provides clear arbitration agreements and the ability for each side to hire their own representation.
- Just process – Arbitration allows the arbitrator to award the same relief as traditional litigation in a binding decision.
- Alternative to arbitration – Mediation and the ability to take the case to small claims court should be available in some cases.
Arbitration Gives you Control and Leverage
When LoanMart is alerted that you plan to pursue arbitration, they know it will cost them money out of pocket. Not only do they run the risk of losing the case, but they will also pay for their mistake(s) and the arbitration itself. This gives you more leverage with your demands.
If LoanMart doesn’t meet those demands and you have a real complaint, America’s Consumer Lawyer can help by representing you in arbitration where you will get a fair, just, and transparent hearing.
Control and Leverage Triggers Faster Settlements
Large companies like LoanMart don’t like the uncertainty and loss of control that comes with arbitration. Not only do they lose the advantage in the situation, but you’re also on equal footing with them in the eyes of arbitration.
The first step in taking on LoanMart is to formally raise your complaint. The lawyers at America’s Consumer Lawyer can help you to do so. We will send a letter of demands to the corporate offices of LoanMart, letting them know that you’re ready to begin arbitration if a satisfactory resolution is not achieved. Typically, this is 30 days, but it will depend on your specific contract with LoanMart.
Approximately 50% of cases will settle before proceeding to an arbitration hearing during this time. However, if LoanMart doesn’t offer a reasonable settlement within the appropriate time frame, the next step would be filing a case with AAA. America’s Consumer Lawyer will not only put together the necessary paperwork for arbitration, but we will also help you take the next steps in the arbitration process.
UDAAP and Arbitration
UDAAP is an acronym representing laws that prohibit Unfair, Deceptive, or Abusive Acts or Practices in the context of trade or business. This includes misrepresentation, deception, false advertising, or false promises. These laws emerged following the Dodd-Frank Wall Street Reform and Consumer Protection Act that was enacted in response to the 2008 financial crisis. The ultimate goal with these laws is geared towards protecting consumers involved in financial transactions, educating consumers on their rights, and allowing them access to information and resources to best inform their decisions.
UDAAP laws are regulated by two organizations, the Consumer Financial Protection Bureau (CFPB) and the Federal Trade Commission (FTC). The FTC expanded the initial UDAAP laws in 2004 to include unfair and deceptive acts and practices. Some standards for unfairness, in particular, include if it causes or is likely to cause substantial injury to consumers, the injury is not reasonably avoidable by consumers, and the injury is not outweighed by countervailing benefits to consumers or to competition.
Every state has UDAAP laws, which can vary widely. However, the lawyers at America’s Consumer Lawyer understand these laws and can use them to get compensation for deceptive practices, representing consumers throughout the country in cases of arbitration at no cost to them. The company will not only pay the consumer, but they will also pay my fees as well. The consumer will never pay me a cent.
If you’re dealing with an issue with LoanMart, you might try filing a complaint with the BBB or the customer service team with LoanMart. Unfortunately, these avenues won’t always lead to a successful resolution for you, the customer. Instead, you may want to consider an experienced arbitration lawyer to take on your case.
Arbitration is a very useful tool for resolving disputes, and America’s Consumer Lawyer can help. With our expert guidance, we bring the big companies to the table and provide the support needed to get your bills corrected, credit reports fixed, improper fees refunded, and more. Let us pick up the sword for you; you have nothing to lose.
How Do I File a Complaint Against LoanMart?
We will use your state’s UDAAP law to file a complaint in Arbitration on your behalf at no cost to you. UDAAP laws include misrepresentation, deception, false advertising, or false promises. Under your state’s UDAAP law, you are likely entitled to money damages for your actual damages. Plus, the other side will pay our fees and costs. You will not pay us a penny. These laws emerged following the Dodd-Frank Wall Street Reform and Consumer Protection Act that was enacted in response to the 2008 financial crisis. The ultimate goal with these laws is geared towards protecting consumers involved in financial transactions, educating consumers on their rights, and allowing them access to information and resources to best inform their decisions.
People, First
We are proud to serve consumers in arbitration cases. We see you as a person, not just a client – and that makes us better at the work we do. We listen. We learn your story. And, as we help you get the money you deserve, we go above and beyond in a way most law firms never could and never would. Because we’re not just lawyers. And you’re not just a client. We’re friends, neighbors, family. We’re all people and here at America’s Consumer Lawyer, we put People, First.
Share Your Complaints Below Against LoanMart
We encourage you to post your complaints about LoanMart. Sharing your complaints against this big company can help other consumers understand what to do when they have problems with this company. Sharing your experience may help someone else!
Submitted Comments
I am being taken advantage of my loan Mart. I took out a $2500 loan almost 3 years ago and I’ve been paying $241 a month on the loan and they still say I owe them $4000. The interest cap in Virginia is 36% and I am being charged almost 85%.
I took out a $4,618 loan with 97.42% interest rate. I had paid around $7,000 off at the time car was repossessed. They sold it made another $7,000 on my car so $14,000 total on my $4,600 loan. They are still coming after me for $2,000 more. They are crazy and it is ruining my credit.
I am looking to bring arbitration or file suit against Loan Mart for false advertising, deception, predatory practices and illegal CA activity. They refuse to engage in conversation outside aggressive scare tactics.
I have a vehicle repossession case with urgent deadlines. LoanMart (Wheels Financial Group LLC), operating through Capital Community Bank (CCBank) in a rent-a-bank structure, repossessed my 2019 Mercedes-Benz C-Class (Account #9243699).
A lawsuit was filed against me in Santa Barbara Superior Court (Case No. 25CV07019). I was never physically served — only received an email on January 14, 2026 with the hearing date blank. A Case Management Conference is scheduled for March 11, 2026.
LoanMart issued a Notice of Intent to Dispose dated February 21, 2026, with a planned sale date of March 9. I submitted a 10-day extension request today via certified mail, extending the window to approximately March 18–19.
Key amounts: Reinstatement $17,104.48 / Full redemption $35,693.83. If the car sells at auction for significantly less than $35,693, they will pursue a deficiency judgment. LoanMart has also failed to respond to requests for return of personal property from the vehicle, potentially violating California Civil Code § 7502.6.
I am looking for representation to negotiate a settlement, defend against a deficiency claim, and assess any FDCPA/Rosenthal Act violations related to improper service and personal property retention. I need to move quickly given the March 8–11 window.
I became late with my payments with LoanMart. The late payments was do to being scammed out of about $4000. I just recently paid them $5000 so I wouldn\'t loose my vehicle because it is the only one I have and I need it. They will not work with me at all with the other $1500 I owe. My next payment they want over $600 again.
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Hello,
I am requesting a consultation regarding potential FDCPA and California Rosenthal Fair Debt Collection Practices Act violations involving LoanMart (Wheels Financial Group, LLC d/b/a LoanMart) and Capital Community Bank.
Account Overview
– Creditor of record: Capital Community Bank
– Servicer/collector: LoanMart
– Account number: 8969972
– Loan type: Auto title / secured vehicle loan
– Status: ~70+ days delinquent
Key Facts
– I am experiencing ongoing financial hardship and informed LoanMart in writing that I am unable to make payments or enter into their proposed loan modification.
– LoanMart presented a loan modification that required a broad release of all claims (known and unknown). I declined and requested the release language be narrowed. LoanMart refused.
– I explicitly notified LoanMart in writing that I cannot receive telephone calls during work hours or at my place of employment and requested communication by email or after 5:00 p.m. Pacific Time only.
– Despite this notice, LoanMart representatives have continued calling me multiple times per day, including during morning and daytime work hours (e.g., calls around 8:20 a.m.), after my written restriction.
– I sent follow-up written notices citing 15 U.S.C. §1692c and the California Rosenthal Act, documenting the violations. Calls have continued regardless.
– LoanMart continues to send emails urging immediate phone contact and using “active repossession order” language, while disregarding my written communication restrictions.
Vehicle Details (if relevant)
– 2020 Toyota RAV4 Hybrid (~80,000 miles)
– Vehicle is parked overnight in a controlled-access, gated apartment garage in San Diego, CA
Documentation Available
– Copies of all emails sent to and received from LoanMart
– Call logs and timestamps showing repeated calls after written notice
– Records of loan modification offer and refusal to modify release language
I would appreciate your review of whether these facts support FDCPA and/or Rosenthal Act claims, and whether representation or arbitration would be appropriate. I am seeking guidance and am available for a consultation at your convenience.
Thank you for your time.
Sincerely,
Jonathan Gutierrez
San Diego, CA
Suing loan mart for usury and possibly getting some of my money back. Thank you
Just stated sending payment by monogram,had tryed to get due chage by writing them twice no reply keep adding late fees I am unable to catch up the r still adding late fees I send by moneygram on due date. Having a hard time. ALICE PREVO July 2 2025
help me sue Loanmart for pedratory lending, true lender scheme, violation of michigan laws, and larceny by conversion. I am seeking Full return of my truck, all storage, towing, and interest waived, civil damages for loss of use, emotional distress, and potential income loss as well as punitive damages
Loan number 7427917
LoanMart is ripping me off with phony documents. I got a title loan from them in 2023 and have paid over $8000 on a $3400 loan. They threaten me with repo and say I still owe over $6000
Loanmart offered a loan at 99.99%, is that legal?
currently in legal proceedings with Loanmart and need legal representation
Loanmart has 10 different names and say there not the lender but then u call for another place and it’s really loan mart bait n switch tactics they use on goggle search. I want out of my loan . I paid them back but the balance has not went down. Instrest rate is almost 100 percent . Please help! This could be a loan mart ad for all
I know. This is the type of stuff they do to find information.
I have been paying Loan Mart on a title loan for over a year and a half. I am no longer able to make the agreed monthly payments. I now pay rent and child support, I had neither when I applied. I have tried several times to negotiate a new monthly payment and was told that will not be an option. I was told I could try to qualify to skip a month, make the payment or surrender the vehicle. My nerves are shot by the constant calls and text msgs threatening to repo my vehicle. I am not trying to stop paying, but Loan Mart refuses to compromise at all
I took out a title loan with Loanmart in 2022. I have been paying, although I did miss a few payments, but never repossessed. That loan now has a balance higher than the original loan principal. I requested the original loan document and it appears they sent me the original, but this loan was refinanced with them for cash out and I have been paying on the new account number. I then took out a 2nd title loan on a different vehicle and have been paying on it for a couple of years. I have requested the payment history and original loan documents but have not yet received it. Is it legal to provide 2 title loans concurrently in Ohio? The intereste rates are exorbitant..which I knew..but are they allowed to charge what appears to be well over 100% interest in Ohio? I believe I have paid back the principal plus interest but my payment history does not show the principal reducing! Do I have any chance of having these loans discharged and receiving my car titles back?
I took a title loan with loan mart in October 2022 for $6,500. I have paid $500 a month for 2 years and 2 months for a total of $13,000 and they say I still owe them $1,200 which was the same amount owing 3 months ago. So. I actually thought I was going to be paid off last month and then just received statement that says still owe $1,200. How many months is it going to take to pay off $1,200 at $500 a month? This is ridiculous
I took a loan from loanmart for $2500 out of desperation when I had to move unexpectedly 3 years ago. After paying them for a year, I lost my job, and wasn’t able to make the payments. They would not work with me on lowering my payments or changing my contract even though they told me in the beginning that if something were to happen, where I couldn’t make payments, they WOULD work with me. They also told me they were liscensed to lend in my state, and they are NOT. After I called them out on their misleading practices, they started harassing me, calling me at all hours, saying obscene things on the calls. They have not repossessed my car yet, but they were somehow able to get the title changed and have their name added as lienholder, so it’s just a matter of time. I need help!!!
Being over charged for this loan of 10,000
I\'m being charged a 97% intrest rate
I have a LoanMart auto loan. I had my vehicle paid off and I was getting kicked out of my apartment so fear of being homeless because I have experienced homelessness before walking around on very dark nights, I was in fear. So I took out this loan they gave me 5500.00 approximately, it took about a few weeks to a month to obtain and now I have been through one repossession attempt that I paid at least 750.00-1000.00 on top of two payments of 519.00 each to get it back in my possession. Now I am 48 days late and they are demanding 200.00 and then the rest of one month’s payment and they would add to the end of the loan octobers payment and then I am going to be due again for the next payment in November 13th. How is that helping me out really when I am still going to owe the money I borrowed plus at 300 percent interest rate plus the interest paid mostly in the first part of the loan totally almost somewhere around 16000.00. I was unaware of some of these conditions if not all really and it seems that there is no end in sight for getting this loan paid off and that this kind of loan should be against the law really. I was desperate at the time of the loan because I knew I was going to be homeless. Can please help!
I am seeking your legal counsel regarding distressing communications and actions by Wheels Financial Group, LLC dba LoanMart, which I believe have contributed to significant emotional harm. Below is a summary of the situation for your review:
1. Background
I am a 100% disabled veteran diagnosed with PTSD and major depressive disorder, along with anxiety, chronic sleep impairment, memory loss, depressed mood, and impaired impulse control.
In past communications with Wheels Financial Group, LLC dba LoanMart, I shared my VA award letter to ensure they were fully aware of my condition and the challenges I face.
2. Concerning Communication
Despite being informed of my mental health condition, the lender recently sent a message stating that my response was \"vital\" without providing sufficient context. The term \"vital\" carries strong connotations that triggered anxiety and emotional distress.
Given my condition, I found this communication to be distressing, inappropriate, and harmful. It suggested urgency that I felt was unnecessary, causing additional stress.
3. Response from the Lender’s Counsel (Suzi Germaise)
In response to my concerns about their communication, the lender’s general counsel informed me that they would stop all communications regarding my account to prevent further distress.
I was told that all future communication should be directed to the lender’s general counsel or Colby Estes.
They also reduced the principal amount of the loan and waived the interest rate, effectively setting it at 0%.
4. Potential Indicators of Liability
While the lender has not admitted fault, the shift to limiting communication to legal channels, combined with the financial adjustments to the loan, suggests they may have recognized the impact their previous actions had on my mental health.
I believe their conduct shows a tacit acknowledgment of the harm caused and could serve as evidence in a claim for emotional distress or unfair debt collection practices.
Given the above, I would like to explore my options for pursuing a claim for emotional distress, coercion, or unfair business practices. I am concerned that the lender acted irresponsibly, despite knowing the full scope of my mental health challenges, which may have caused additional harm.
Please let me know how we can proceed and if any additional information is needed to support my case. I have kept copies of all relevant communications for your review.
Thank you for your time and assistance
Loanmart, we are nearing paypoff of original loan, yet statements show a balance due that is greater
than the original loan by a little over x2 the loan amount. how is this possible?! that would equal over
100% in interest.
confirm if my interest rate on auto title loan is legal, determine if Loanmart is able to do business in my state.
LoanMart repoed my car 4 years ago. They are still charging me and it is still on my credit report. The car keeps getting tickets and they all come to me cause they never took my name off the title!
I have paid over $8000 on a $2600 loan. Please can you help me?
Loanmarts customer service was unable to provide me with a loan payoff amount. I spoke to 3 different representatives and got three different payoff numbers.... Two even sent inconsistent backup documentation. Title loans are illegal in the state of Arkansas. A $2500 loan is going to end up costing me almost $8000. What?!?!!?
Loan mart repossessed my vehicle for second time loan still the same amount still last year$3000 loan
My mother passed away in 2021 i went to loan mart for a title loan missed one payment and they took my owned vehicle and resold it then sent to collection agency for more than what was borrowed and then is adding fees onto balance is totally illegal
I fill loan mart over charged me. An refinanced loan without my permission. Loan was paid of after vehicle was wrecked by insurance after I had paid on this $5000 dollar loan for 2years the payoff was more then original loan payoff was $5,281
the balance in my loan wont go down I have not missed a payment ever and to help me they redo the loan with no cash just refinance it for their convivence. I have all paper work since original loan I am about to ask them to repossess and let it go.
About 2 years ago I borrowed 11,400 from loanmart, I have paid them 10,900 back so far to date and they tell me I still owe another 15,000. I am 100% totally and permanently disabled veteran. I live off of my benefits and at times money gets tight. I fell behind on my payments. I called them and I was trying to work with them. Then I get an email that there is an active repossession order out for my car. The next day while I was out of town they took my car and left me stranded 250 miles from home. I asked the person to stop and don\'t take my vehicle. He continued on with loading it up. My understanding in the state of Indiana if you tell them to stop they are supposed to stop with the process of taking your vehicle. They have done nothing but lie about things , harass me non stop when I have been late on making a payments. Not sure if there is anything you can do to help?
In 2017 my wife and I got a car total loan for the amount of $2500. We have payments that we made until 2019. The total amount of the payments over that time was about $8000. I lost my job you were unable to make further payments, our car got repossessed and as of today states that we owe $18,000 we are perplexed and don’t know what to do. Can you help us?
Do I have any right to seek damages against LoanMart for high interest rates I paud?
I entered into a title loan with loanmart for $12,000 to get myself through a rough financial patch. In the past 8 months I have paid $1300 a month. Not one dime has gone to principal. They are telling me I owe more than 200% in interest on the loan and the $1300 will go to paying that before principal. Essentially they are telling me I owe 35k over 3 years if I can’t make payments above $1300. I’m desperate. This is going to ruin me.
Loan marrt continues have issues with thier app and website. Unable to make a payment. When payment is made over phone they don\'t process it for 3 or 4 days. Then try and say bank declined payment and charge later fees. Several other issues with customer service.
Loanmart took my vehicle a year ago damaging my truck and my neighbors gate I paid 2500 to get it back That payment brought me to a total of 4600 paid on 4300 loan My balance was then 1300 that I refused to pay due to damage to my vehicle and neighbors gate They took my truck again one year later and said now I owe another 4000 due to fees which would have been 8600 on a 4300 loan I filed civil case so they reversed everything and said I can have my truck back at no cost in exchange for cancelling civil suit I drove an hour to get it and was told by auction company that my truck was not drivable with no explanation as to why Inever saw my truck I left and still have yet to receive my property
I took out a title loan and fell behind on payments. They ended up taking my car and selling it for double what I owed them ... they still want another$1000 from me. Is there anything I can do to not pay this?
Loan mart has charges me double the loan I been paid it off and still have 4000 left why??
LoanMart is ruining my life by repo and requesting for more money after paying them $10k on a 7K loan.
I had a 2500 loan from loanmart and the suddenly put on my credit report a 7,558.00 bill over 150% in interest for account thats closed also they abandoned my car by mexico and failed to tranfer the vehicle within 15 days of givingy car to them to secure my loan
I have borrowed $3,200 I have paid in the past 4 years $12,000 back to loan mart. I interest was 103% I feel that\'s a little extreme and the balance owed is approximately $1,600 more.
Loan mart had repossessed my car after charging me more than half of what I borrowed I’ve tried working with them but they are rude and make up lies when you ask to speak with a higher up. They take advantage of people who really need the money and they do alot of things that are not right and unfair!!! Please help 🙏🏽
I took a loan in Aug 2021 for $14,286.
I’ve paid $25,576.49 and have a balance of $16,486.
I’m trying to sell the car but can not obtain a copy if the title, MI is a title holding state. They have a special mailing on my title and when I try to request a copy the DMV is required to mail it to LoanMart.
I have paid over 20,000.00 for a 7,000.00 loan and still owe 5,200.00 that is absolutely ridiculous... Please help
I’m behind on my payments and they’re harassing me despite making arrangements with a rep. Calling 5+ times daily, threatening to repo, calling my family members (who weren’t listed as references), etc. Plus I found out my loan has terms that aren’t legally allowed in my state.
My mom took a $5000 loan out on my truck before I bought it from her. She did so in 2019, since then she has paid them back at least 12,000, more than double the loan, but still owes another 4,000 according to loan mart, my mom is 65 years old now and the truck has already been repossessed once, now it might happen again, which could cause me to lose my ability to get to work and back, and keep a roof over my head. I’m hoping there’s a way you can help
Loanmart harassing me for a 5000 dollar Loan . I\'ve paid over 5 grand already on it and they are claiming I owe over 6000 more dollars
Loanmart is saying I owe 7 grand on a 5000 dollar loan . They have been paid over 5 thousand dollars so how could I owe 7 thousand more dollars?
LoanMart repossessed my car 1 day ago due to late payments after 3 years and I believe they are over charging me and they are taking advantage about my situation.
I took out a loan with LoanMart in August, 2022. My goal was to start a business, but I could not get conventional financing thru a bank. This was the most ignorant thing I could have done. I failed at the business, my full time job hours were cut for almost a year. Now, I\'m about to lose my car to them. They modified my loan by cutting some of the interest rate, yet my payoff doesn\'t ever seem to come down. My question is, are they practicing rent-a-bank schemes in the State of Arkansas. I\'ve asked for copies of my loan agreements and I have asked what my interest rate is that I am being charged, but they will no longer respond to my requests. They called two to three times a day and emailed and texted about as much when they were trying to collect, but once I asked for the documents and interest rates, my loan specialist cut off communication. If I\'m going to lose my car, I want to lose it to a lender with fair practices, not a lender who loan launders and practices unfair lending that makes it virtually impossible to succeed. I thought Arkansas was stricter with their usury laws, so why is LoanMart and Capital Community Bank allowed to get away with it? I would greatly appreciate advice. I\'m not smart enough to fight them I\'m afraid. It seems they have all the loopholes figured out to do what they\'re doing. I borrowed the money and I have an obligation to pay it back. But with legal interest rates and installments I can afford.
I took out a loan with LoanMart in August, 2022. My goal was to start a business, but I could not get conventional financing thru a bank. This was the most ignorant thing I could have done. I failed at the business, my full time job hours were cut for almost a year. Now, I\'m about to lose my car to them. They modified my loan by cutting some of the interest rate, yet my payoff doesn\'t ever seem to come down. My question is, are they practicing rent-a-bank schemes in the State of Arkansas. I\'ve asked for copies of my loan agreements and I have asked what my interest rate is that I am being charged, but they will no longer respond to my requests. They called two to three times a day and emailed and texted about as much when they were trying to collect, but once I asked for the documents and interest rates, my loan specialist cut off communication. If I\'m going to lose my car, I want to lose it to a lender with fair practices, not a lender who loan launders and practices unfair lending that makes it virtually impossible to succeed. I thought Arkansas was stricter with their usury laws, so why is LoanMart and Capital Community Bank allowed to get away with it? I would greatly appreciate advice. I\'m not smart enough to fight them I\'m afraid. It seems they have all the loopholes figured out to do what they\'re doing.
I got a loan with loanmart back in June 2021. I recently pulled my credit report and the amount I paid is not reflecting what is showing that I owe. They have also previously repossessed due to their error and I had to pay penalties for that as well. I would just like this to go away and be removed from my credit. I want my title back and the account closed.
I got a title loan in December for $3,410 and still owe that amount almost a year later. My interest rate is 93%. They call and harass me everyday for payments. I do make my payments too
LoanMart stole my car from me while I was slipped into a coma more than once before finally awakened after a time. I am still recov
Took out loan for 4k, paid back 5k. Now loanmart to harassing me to pay an additional 5k or they want the car (collateral). Then they tell me after they take the care, I\'ll still owe them 5k. It\'s a loose loose deal. PLEASE HELP ME.
I took a loan out in 2020 for 2500. I paid on it several months. Then Jan of 2021 I took another one I believe so in jun of 2021
My balance brought forward was 8400. I’ve paid them 852 dollars until July of 23 they lowered my payment to 599 and I now owe them 13 thousand. I’m at a loss here
I took out a loan with LoanMart in July 2021. The loan was for around 4k. I\'ve been making monthly payments in the amount of 496.00 monthly, around 11k. Loanmart says my balance is currently $5,755. at this rate this loan will never be paid off. I want this loan to be considered paid in full and the title to my car returned to me.
I want some advice on my 2020 loan mart loan. I\'ve been paying 250 a month since 2020 and still owe the same amount!
I have an active title loan with loan mart. I fell behind on payments and can’t catch up the fees and interest are insane. They also call me daily text me daily have called my family and employer it’s bordering harassment
I made loan with Loan mart for less than 2k I been behind now they keep trying to get me 2 sign a new contract of 7k and when I initially asked them how many payments that I had for total loan they said only 6 payments for $400 each LIES!! I\'m never gonna pay this off...makes me suicidal!!
Good afternoon,
My name is Melissa Jensen… I had obtained a loan from LoanMart in the amount of $8,048.07 on 3/3/2020. I have now paid a total of 19,967.74 back to them and still shows that I owe a balance of $6,239.84.
They will not budge on settling and honestly they are awful…
Illegal possession of my car (2004 Toyota Highlander) by LoanMart .
Long story, short: I took out a lien on my car through LoanMart in May 2021. It was a $2000- car loan. I’ve paid them back in full plus around $1,000 in interest. The monthly payments were getting too high and I told them I would surrender my vehicle. Instead, they wrote up a new agreement for a lower monthly amount. I’ve been paying them yet they keep telling me I owe them more. I have proof of payment and copies of the new loan agreement. I’m not sure what to do at this point- they believe I still owe them, even if they take my car.
After research LoanMart is illegal in the state of NC .. they charge 100% interest which violates NC usury laws
I obtained a title loan online through LoanMart. I have submitted a complaint about their practices through the SCC in Virginia and upon talking to them, I am not protected under the laws of Virginia against predatory lenders because they are online. They are charging me over an 80% percentage rate on my loan. I have paid over $3500 in payments and my balance remains at $6500. They do have my title and the payments I am making are not moving my balance because of the interest rate. I know borrowing was a mistake, but we were in a serious financial situation due to my husband suffering a stroke. i am reaching out to participate in the lawsuit and invalidate my loan with them.
Loan Mart Title Loan Interest. Rent-a-bank lending practices. I currently have a loan with Loan Mart and after further research, believe that Loan Mart lending practices are unfair according to the lending interest rate cap in the state of Florida.
I surrender my car to them cause I could pay back in 2019 never heard anything now in 2023 they file a lawsuit
Interst rate Is to high I got $2500 for my car by the time I\'m done paying they\'re going to get $5000......can I get help?
I took out a car title loan with them last year. I got about $3500 from it. I am paying over $1200 a month for it with the interest rate of 99%. By the time I pay it off, I will be paying over 3 times my car’s value. Can something be done about this?
LoanMart took my car away from me after I became hospitalized and could not get my payment to them fast enough. I am still in the hospital and I am now without my car which was my only source of transportation. I am 70 years plus in age and now thanks to LoanMart I am now alone, hospitalized and without my only source of transportation. THANKS TO LOUSY LOANMART! I Will SHARE WITH ANYONE THE STORY OF WHAT A NASTY THING LOANMART PLACED UPON A SENIOR THAT PAID AND PAID LOANMART AND THEY BEHAVED LIKE A NASTY GREEDY ANIMAL THAT SIMPLY SNATCHED THE ONLY CAR FOR TRANSPORTATION OF AN OLD LADY, DEMONSTRATING TO WORLD THE LOWEST OF THE LOW AND GREED IN LOANMART!
LoanMart took my car away from me after I became hospitalized and could not get my payment to them fast enough. I am still in the hospital and I am now without my car which was my only source of transportation. I am 70 years plus in age and now thanks to LoanMart I am now alone, hospitalized and without my only source of transportation. THANKS TO LOUSY LOANMART! I Will SHARE WITH ANYONE THE STORY OF WHAT A NASTY THING LOANMART PLACED UPON A SENIOR THAT PAID AND PAID LOANMART AND THEY BEHAVED LIKE A NASTY GREEDY ANIMAL THAT SIMPLY SNATCHED THE ONLY CAR FOR TRANSPORTATION OF AN OLD LADY DEMONSTRATING TO WORLD THE LOWEST OF THE LOW AND GREED IN LOANMART!
Loanmart charged me a crazy interest rate on a $2500 loan. I missed a payment and they repossessed my car, sold it at auction. My credit report shows it as a closed and charged off account, yet they keep reporting missed payments to the credit bureaus. The balance is now over $14k
We got tricked into doing a 2500.00 title loan with LoanMart (8/2019) that ended us costing us over 16k. We feel this is not right. Our contract should have been fixed to reflect the new law caps in 2020 but instead were forced to pay them 16k in interest in addition to the amount borrowed.
I have paid a total of 19,017.74 for a 7,000.00 loan with Loanmart. They harass me the on the day of my payment s due. They are not willing to negotiate the loan. I just can\'t afford paying over 500 a month to them anymore and still owing over 6,000.00 per loanmart. When I tell them this they threaten I have to turn my vehicle in or they will repo it. Please advise me of what I can do or if there are any lawsuites I can get in on. Thank you so much
I’ve paid over 12,000 dollars toward a loan of 2,500 . they say I still owe 5,000 . I am 20 days late and they harass anyone that answers a phone at my workplace about repossession, it is very embarrassing , I used to love going to work
LoanMart Sent me a letter after years. The letter says that i owe them 10,233.87. I don\'t have that kind of money
I took out a loan from loan mart in September for 10k I pay 860 a month it’s been about 5 months and now I owe almost 13k
looking to invalidate a loanmart loan as I am in CA and the loan is from Capital Community Bank
3280 N. University Ave.
Provo, UT 84604
My car has been taken twice now after paying thousands of dollars to them when I didn’t even borrow that much. They want me to sign a new contract to pay thousands more and I can never get ahead. The promises they made and assured me they have lied about them all! They want me to pay more money when I’ve paid more than the loan twice! More than what my car is worth! They are rude and unfair and it needs to STOP! How are they able to get away with this?
I\'m stuck in this title loan the interest rate is so high to make a difference in the balance. They have my repossess car twice due non payment not from my address costing $700 then $800 which was not taken off the balance.
In January of 2019, I had a hardship and needed money. I went to loanmart and got a title loan on my 2005 Chevy Silverado Truck in the amount of $3094.00. On this loan I made 22 monthly payments of $335. 88. ($7894.00 total) I was then impacted by Covid-19 and was off of work. I contacted loan mart to see what my options were and I was told that there was not a program in place . I was instructed to continue to make payments. After missing a payment, loanmart repossessed my truck and sold it at auction for $2500.00. Now I was notified in December 2022, that loanmart has reported to the credit bureaus that I owe them an additional $ 4144.26. To date I have paid loanmart $ 10,394.00 in total. Please help, thanks in advance,
Nimneh
One time they impounded my vehicle for being 20 days behind. I also had a rep call me to schedule a payment and asked for my debit card number. Soon after, I noticed random charge attempts on occurring my card from places in Arizona. Paid the loan off and got my title back, but they still tried taking out the automatic payments for months to come.
I got a title loan with loan mart for 3000 I have already paid more then I took out, but my principal is now higher then i originally borrowed I have been paying for over a year.
They sent me an email saying I had an extension this month then I talk to someone there about it and he said yes everything is good . Then they start calling 3 times a day telling me I’m late and I have no extension. plus I’ve been paying $425 a month for about a year and probably still owe more than I borrowed
I got a loan with loan mart this past August to help with rent. I wanted to borrow only 2700 but they said I was only able to borrow 10k, California law. I am currently working on my credit so I had no other options. Rate is 99%, crazy. I told myself as long as I make payments on time I should be fine. Ive made 3payments of 880 and my loan is still at 10k. I cant afford this. I dont want to lose my car and after doing research califronia state law is 36% to 38.5? if true why was i given 99 interest rate and why couldnt I get a smaller loan??? Please call me.
Took a car title loan with Texas Title Loan. Hit financial turbulence due to Covid. Now Texas Title Loan calls me everyday from 3 different numbers to demand payment. I have every call documented and recorded. Need legal counsel.
Borrowed 3,000.My debt was always going up never down. Now they have repossessed my vehicle and I’m in collections for 6,000 and on top of that when I tried getting my belongings out my vehicle they had already sent it o auction
I borrowed $5700 as a title loan caude I thought I was going to be able tompay it off immefit. A year later after paying $500 per month., I still owe over $7000 . It will never be paid off. I recently found out that charge $13 per day interest that was not disclosed at time of loan. I am suffering greatly financially can’t afford this but cant lose my car either. Please please help. Cant keep tjis up
