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Consumer complaints and reviews about Loanmart

Caralish39 Send email
Jan 7, 2022

Title loan that i can't seem to pay off

I took a $2500 title loan with Loanmart and didn't even receive the full $2500. They sent me to their check cashing place of their choice and I had to pay too much to cash it. I was desperate for money to pay my rent so that my kids and I didn't get evicted. My landlord's were harassing me for rent and my husband had literally just abandoned myself and 3 kids. He left me with rent, bills, and debt. I didn't know about the interest laws then and I didn't know that the $2500 loan would turn into $8000. The agent sold me by telling me I could refinance and lower the interest rate that was well over the max in California...I got the loan in November of 2020..she told me I had options to pay back early with no penalty among other things that sounded legit. Well I got my rent paid but now I'm stuck with this loan for life it seems. They have already repossessed my car once and I was charged for the storage and the past due with interest. $1000 and it didn't even put a dent in my balance owed. I pay the bill and it never goes down! It goes UP in fact and I've tried to get help and nobody will help. They are calling me from different phone numbers saying Wheeler Financial or Choice Cash and I didn't get a loan with any of those places. These people are taking advantage of vulnerable people who just want to pay their rent and don't realize they are signing their cars away and their lives it seems. They are charging me over 100% interest rate and nothing is being done about it. I need help

Title loan that i can't seem to pay off Title loan that i can't seem to pay off Title loan that i can't seem to pay off Title loan that i can't seem to pay off

Anonymous44 Send email
Jan 16, 2019

False Advertising & Predatory

LoanMart is a complete lie, and a false front for loan sharking. I had two jobs, and was laid off of one two months earlier than promised. I lost about $3,000 in wages. Unemployment was useless and wouldn't pay a dime. Due to extra hours I was scraping up at my one remaining job, Unemployment said I earned too much. I was splitting my rent in two payments! I got a loan from LoanMart, and hobbled along until I got another first job. However, my second job had been undergoing bad changes for awhile. Myself and others were fired illegally, and I had to file a Labor complaint. I had always kept LoanMart in the loop. I even tried multiple times to try and negotiate an amount I could afford. They kept denying my requests, but then kept claiming they were "trying to work with me". Their amounts never changed, they were always payments I couldn't afford. They even FLAT OUT LIED saying a new contact would be drawn up for the amount I suggested, I paid $100 of my last grocery money until payday 10 days later, and the contract was for TWICE that amount!! They said they don't garnish wages on the website, they just threatened me with this two weeks ago. At this point, I want to get in front of a judge to talk about their false tactics and the nasty, verbally aggressive way they've harassed me over the phone.
Srosas75 Send email
May 24, 2018

Title loan

I got a title loan with loanmart for $3,500 I have paid already almost $8,000. I told their sorty asses to pick up my vehicle. They are shady and foul NEVER USE LOANMART. They rip u off.
claritzasosa Send email
Oct 25, 2017


hello i got a loan of one thousand two hundred dollars with loan mart n until tday i still own them 4000$ i being making payments n dont see anything going down always same amount please help stop this company get to much interest from loans
Ruiz2013 Send email
Feb 9, 2017

Ridiculous amount of money owed

I took out a title loan from this company. I've paid into it 5650 total since June 2015. And my daily interest rate is 8.18 my interest is 100% of the loan. My balance 3250.00 so I will be paying 9916 by June 2018.. Now the amount I received was 1250.00 to pay off current loan and cash given to me was 863.00 PLEASE TELL ME HOW THIS IS RIGHT! I complained that according to my statements that I haven't even been paying on the loan.. And the CS rep says well if you pay the amount due plus the additional 204.00 then it will start to apply to your loan principal balance. So you mean to tell me that I have to pay 550.00 just to clear off the interest for 2007 vehicle that has almost 200k miles on it! I wish I would have just stuck with the other company because it would have been paid off and title back in my hand.
I can't even get that 9916 at a dealership for this car. UN fuckin real!

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