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I got a preapproval notice from this company and since I needed a short term loan, I figured I'd check it out.I am so glad I asked for more details and did not accept the loan!

They told me I was preapproved for a $600 loan and that payoff would be $353 a month...for 6 months! That's a $2100+ payback on a $600 loan! SO I said okay, if I pay it back on the first month instead, what's the payoff. The rep said payoff would be $900+!

So over $300 in interest for a single MONTH on the loan!

Even the worst payday lenders only charge around $50/month in interest for a loan in that amount.If anyone is considering getting a loan from here, DON'T DO IT!

Review about: American Web Loan Loan.

Reason of review: Pricing issue.

I didn't like: Obscenely high interest rates.

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Anonymous
Ottawa, Ontario, Canada #1326524

I agree 100%.

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