Main Street Personal Finance Consumer Loan Complaint

Installment loan Problems when you are unable to pay

Main Street Personal Finance Consumer loan department,

Installment loan Problems when you are unable to pay Oklahoma

I took out a high interest title loan with Approved Cash, - - - -, -, OK ( - ) -. I was 1 month and 1 day late on my payment, but intended to get caught up on payday -/-/2015. On -/-/2015 in the middle of the night they repossessed my car without my knowledge. They want the full balance, and will not accept payments to get caught up. I have possessions in the car, including the tag, that they will not let me retrieve them without paying a fee. They also will not let me know where the car is located so that I can inspect it before the sale next week. I asked them what the procedure was for claiming any funds left over from the sale after the balance is paid, and they said that they are not allowed to sale the car for more than what is owed on the note. The car has a blue book value - to - times the amount owed. I have never heard of an auction that has a set top dollar price.

Main Street Personal Finance customer in Oklahoma
May 14, 2015

* Source: CFPB Complaint Database

Main Street Personal Finance response to complaint:
Closed

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