Westlake Services, LLC Consumer Loan Complaint

Westlake Services, LLC Consumer loan department,

Title loan Charged fees or interest I didn't expect California

I signed a car title loan with Wilshire Consumer Credit for -. I thought I 'd be able to manage the loan if the payments were satisfactory and the interest was fair. Every month since signing the title loan, I have seen NO change in my loan amount. Factually, I owe more now - after making months of payments - than I 've ever owed. My loan now is in excess of -. When I called the company to complain about the interest rate, amount of the monthly payment and terms, the company said there is nothing they can do. Moreover, they called me back and said they 'll settle on - to close out my account. I angrily declined the request and suggested they accept - based on the payments I 've made thus far. They refused my offer. As such, I am looking to have an attorney take the matter to court, as this is predatory lending practices at its worst. People whom use the service and hope to quickly pay-off the debt unfortunately find themselves in a horrific situation once they learn the terms of the interest being charged each month. We have to put a STOP to companies that prey on those in need. It is time to fight the predatory lenders!