TMX Finance LLC Consumer Loan Complaint

TMX Finance LLC Consumer loan department,

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

Today, I went to pay on a title loan that I got a year ago. The loan was for $3500.00 and I have paid back approximately $2600.00 with most going to high interest rates and fees. I still owe $2000.00. I was informed that the location that I initially received my loan from was no longer able to finance '' me because the amount I owe is over the $1300.00 they were able to loan. I was never given any notice regarding this change when I made my - payment. Also, now I 'm very surprised because according to Title Max 's website they have this disclaimer regarding max lending as $1300.00. This has me very confused as to why they continued with my loan and allowing me to make payments knowing their max lending is $1300.00. I have paid on time and extra when I am able to so that I can be done with this loan.


higher and therefore I would now have to pay $390.00 a month at that location with very little of the payment going towards the principle. At this rate, I will pay more than what the car is worth for this rip off of a loan. The representative then informs me that if I want to keep the loan at the current location I will have to pay the difference of what I owe and their maximum lending amount, roughly $740.00 plus my - payment. Of course, I am not financially prepared for this because I have the documents for my - payment which I was going to pay $170.00. I was offered an extension up to - - because I asked if I could get -. I get paid - a month and therefore I am on a very tight budget. Now I will have to pay additional fees plus the - payment and $740.00. Title Max would not accept my - payment because of those changes. '' I will be in a financial bind because of these unexpected changes that I believe had every right as a consumer to be fully informed before the date of my - payment. I believe these changes are fraudulent considering Title Max was fully aware of their lending policies. I am meeting my end of the contract paying excessive fees and interest rates. Title Max has violated these terms by not fully disclosing their policy and thus violating me.