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Main Street Personal Finance Complaint: Consumer Loan #1375878

Main Street Personal Finance Complaint: Problems when you are unable to pay

#1375878 14 May 2015

Consumer Loan Installment loan

Complaint #1375878 submitted on 05/14/2015 relating to Main Street Personal Finance. Complaint relates to Consumer Loan Installment loan - Problems when you are unable to pay .

Complaint was submitted via Web and sent to the company on Friday 15th May 2015.

Narrative (may be redacted).

I took out a high interest title loan with Approved Cash, XXXX XXXX XXXX XXXX, XXXX, OK ( XXXX ) XXXX. I was 1 month and 1 day late on my payment, but intended to get caught up on payday XXXX/XXXX/2015. On XXXX/XXXX/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 XXXX to XXXX times the amount owed. I have never heard of an auction that has a set top dollar price.

Company Main Street Personal Finance
Complaint ID 1375878
Date Received 05/14/2015
Product Consumer Loan Installment loan
Issue Problems when you are unable to pay
State/ZIP Code OK 741XX
Consumer Consent Consent provided
Company Public Response
Company Response To Customer Closed
Submitted Web 05/15/2015
Result Timely Response: No, Consumer Disputed: No
 

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