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Power Finance Texas
About this business
Location details
| Weekday | Schedule | Status |
|---|---|---|
| Mon | 8:00 a.m. to 8:00 p.m. | |
| Tue | 8:00 a.m. to 8:00 p.m. | |
| Wed | 8:00 a.m. to 8:00 p.m. | |
| Thu | 8:00 a.m. to 8:00 p.m. | |
| Fri | 8:00 a.m. to 8:00 p.m. | |
| Sat | 9:00 a.m. to 5:00 p.m. | |
| Sun | Closed |
This is a scam most all the payments goes to broker fees. Please beware. I feel like I am paying off aloan to the mob. I borrowed mainly to improve credit score. Big mistake. Please beware. You will newver get this loan paid off.
Business response:
Ms. Fisk, Customer service and transparency are top priorities at Power Finance Texas. Fees and payment schedules are fully disclosed before you receive the loan. A portion of each of your payments does get applied to principal. You can also reduce the total cost of credit by paying more than your scheduled payment or paying off your balance early. The loans that we arrange do not improve your credit score, and we do not advertise or imply that it will. Our services are intended for people who are in need of extra funds... read more
The issue with this company is the disclosure. It's not stated no where in the contract 90% of your payment will go towards the broker fee. What are broker fees? Who is this money going to? This is misleading and read the fine print It's not disclosed. I don't think anyone would agree 90% of their payment going to the broker. This is why the payments are twice as high. This is against the State of Texas laws and Federal Laws. The owner is a former state representative for Texas. Join the movement. They did not disclose this... read more
Business response:
Power Finance Texas is fully licensed and in compliance with all Texas laws. Transparency is very important to us, this is why the full payment schedule is disclosed five separate times in your loan contracts, as well as on our customer portal. Your contracts also explain that Power Finance Texas is a Credit Access Business and the broker fees are what we charge to arrange, service and guarantee your loan for our lender. Like with most loans, the earlier payments apply more to finance charges. The further you get in to y... read more
Literally never had an issue Till now ! Incompetent female screwed up my account by changing things that didn’t even need to be changed Had available money and she straight had it removed! Don’t borrow from this place over priced and untrained cs reps
Business response:
Mr. Falgo, We are sorry to hear about your experience. We have reviewed your account and our Manager attempted to contact you to address your concerns, but was unable to reach you. We value your business and would love the opportunity to address your issue. Please give us a call back at your earliest convenience. Power Finance Texas
The loan was easy but the payback is illegal. Complete scam
Business response:
Ms. Moore, Power Finance Texas is licensed and follows all laws applicable to our business. We are also fully transparent about the cost and repayment schedule of your loan prior to entering into any contract and issuing a loan. We do appreciate your business and we are glad to hear that receiving your loan was an easy process. Power Finance Texas
If I could give less than a one I would. I borrowed 445.00 I'm now in my 6th payment and have paid back twice that amount and am still owing almost 400.00 back if I pay back today. If not I will be paying over 3,000.00 dollars back. This is loan shark practice. I was not told this in the beginning. Who would except this payment plan. Never take a loan from these people. You will end up owing an arm and leg.
DO NOT GET A LOAN ED FROM POWER FINANCE TEXAS... I got myself a loan for $700 I'm going to end up paying $2,800 IT IS A TOTAL SCAM!!! Once again DO NOT GET S LOAN from them I'm trying to save you a lot of trouble it is disgusting how they operate!!!
Criminals with a legal license to dupe the public into borrowing loans and charging extremely high interest rates, how can this be allowed to happen in the United States???
Business response:
On JoJo, Again, we want to emphasize just how important customer service and transparency is for Power Finance Texas. Every contract details the repayment plan multiple times and the Promissory Note discloses the APR and the total six month finance charges in substantial print. That being said, our representatives explain to every new borrower that these are simple interest loans with no penalties for early repayment so, you are only charged for the time that you actually keep the loan. If you pay more than the minimum sche... read more
Greedy, a $500 loan and you have to pay back $1500…..wtf was i thinking this should be illegal
Business response:
Customer Service and transparency very important at Power Finance Texas. Every contract details the repayment plan multiple times and the Promissory Note discloses the APR and the total six month finance charges in substantial print. That being said, our representatives explain to every new borrower that these are simple interest loans with no penalties for early repayment so, you are only charged for the time that you actually keep the loan. If you pay more than the minimum scheduled payment or pay off early, you will be... read more
Avoid this company if you can. I took an 860.00 loan and I am set to pay back 3500! On 860.00!
Frequently asked questions about Power Finance Texas
How is Power Finance Texas rated?
Power Finance Texas has a 4.7 star rating with 397 reviews.
When is Power Finance Texas open?
Power Finance Texas is closed now. It will open at 9:00 a.m.