TMX Finance LLC Consumer Loan Complaint

Title loan Charged fees or interest I didn't expect

TMX Finance LLC Consumer loan department,

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

I went to Titlemax on - - - in -, GA on - - to apply for a loan with the title to my car. I received a loan for $2500.00. In - when I paid my - payment I asked what was the minimum I could pay. I was informed it would be $300.00. I had just been hired at a new company and getting settled in to my pay dates. I called again to make a payment on - - and I again asked what would be my minimum payment and was informed it would be $300.00. I was also informed by -, who wrote the loan for me on - -, that if I did not pay the entire monthly note of $360.00 that the amount I was paying would be applied to interest, an additional interest that was not calculated in the original loan agreement. This is a penalty for not paying the full amount. This was not in the written agreement and it was never verbally stated to me ever until - -.

TMX Finance LLC customer in Georgia
Jun 17, 2015

* Source: CFPB Complaint Database

TMX Finance LLC response to complaint:
Closed with explanation

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