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1 - 5 of 5 Comments Last updated Aug 13, 2013
wondering

United States

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#1
Jul 19, 2010
 
Please leave a comment if you have a loan with Tower Loan, make your payments in cash and they have no record of it. I am just trying to get out from underneath a loan with them and made my payment on time every month. Sadly, I have been hooked into minimum payments for over a year and have never been late. A few months ago I went to make my payment and they said I was a month behind. Keep in mind it was from several months prior and I was never contacted and showed current on my payments. I usually just pay with cash. I went to find my receipt, knowing I had made the payment and realized I had thrown it away when I cleaned out my car. I keep all my receipts now and pay by check to ensure record of payment.

This same thing has happened to my boyfriend, who also threw away a receipt.(I know, I know you should hang onto your receipts) This same thing has also happened to two other people I have talked to. Weird, because most people do throw receipts away after a while.

Please leave a comment. I really want to find out if this is just coincidence that I know of 3 people including myself who honestly made a cash payment and they have no record, or if it is happening to others. I swear I honestly made my payment, but without a receipt there was nothing I could do about it. I want to speculate someone is putting cash in their pocket.
TruthBeTold

United States

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#2
Jul 20, 2010
 
I did a 12 month same as cash with them through Patrick Furniture for some furniture. I always pay with a check. I never had a problem. I hate it for you that pay with cash. Everytime I made a payment I always asked what more do I need to have it paid off and by when to avoid any finance charge.
Beyond Frustrated

Saint Louis, MO

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#3
Aug 13, 2013
 

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[I am going through a situation just like that with them. I financed furniture on a 12 month same as cash loan with them. Paid it off in eight months, made every payment in cash and made the final payment 6 months ago. Today I get a phone call from them asking about making a payment. I told them I paid it off months ago and they say they have no record of my last payment of nearly 600 dollars. Of course I threw that receipt away, since it had been paid off months ago. I have no proof I made the payment. My word against theirs. I'm filing a complaint with CFPB and hopefully I won't get screwed but who knows. They are obviously a crooked company run by thieves. They might steal another 600 from me, but I've learned a lesson about paying with cash and I know that in the end we will all pay for the wicked that we've done in one way or another. Spread the word about tower loans.
Indian chief

Cape Girardeau, MO

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#4
Aug 13, 2013
 

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Wow. Loan companies are rip offs. Accel loans sux also.
Gemini

Cape Girardeau, MO

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#5
Aug 13, 2013
 

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Who owns Tower Loan? Might be interesting to find out. You might be surprised.

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