Tower Loan

★★★★☆
  • 116 W Main St

    Washington, MO 63090

    Map & Directions
  • 636-239-0128

About Tower Loan

Hours
Mon., Fri. 8:30am - 6:30pm;Tue., Thu. 8:30am - 5:30pm;Wed., Sat. - Sun. CLOSED

Finance

Finance
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My experience has been good. I have had two loans with them with one paid off and the other soon to be paid off in 3 months. I opted to pay the first one in one year with 0 interest. Can't beat that. The second one was a check loan like another person leaving a comment. I have paid every month and have not had a problem. And, yes, they do leave voicemails trying to get you to borrow more,but that's just business. You don't have to partake.

5
★★★★★

My experience has been good. I have had two loans with them with one paid off and the other soon to be paid off in 3 months. I opted to pay the first one in one year with 0 interest. Can't beat that. The second one was a check loan like another person leaving a comment. I have paid every month and have not had a problem. And, yes, they do leave voicemails trying to get you to borrow more,but that's just business. You don't have to partake.

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I didn't have anything like the problem the other person Yvonne posted. We actually didn't contact them for a loan, they sent a check to our house, which we cashed. Our payment was due 30 days from when we cashed it, which was on the 7th. It is now Augest 4th, and we have not heard from them. We are going up to pay it off completely today, but I thought they were excellent people. At least they aren't a payday loan place, which charges like 250% interest. Those things are the devil. However, Tower Loan of Washington, MO, had a 20% APR. ALOT better. Plus, the loan was for $1205, with the interest rolled in, so the total we have to pay back is $1370. That is spread over 10 months at $137/mo. So, the interest actually only ends up being about 17%, actual. Cheaper than a credit card, and the interest in rolled in, which means you aren't paying it over and over again.

5
★★★★★

I didn't have anything like the problem the other person Yvonne posted. We actually didn't contact them for a loan, they sent a check to our house, which we cashed. Our payment was due 30 days from when we cashed it, which was on the 7th. It is now Augest 4th, and we have not heard from them. We are going up to pay it off completely today, but I thought they were excellent people. At least they aren't a payday loan place, which charges like 250% interest. Those things are the devil. However, Tower Loan of Washington, MO, had a 20% APR. ALOT better. Plus, the loan was for $1205, with the interest rolled in, so the total we have to pay back is $1370. That is spread over 10 months at $137/mo. So, the interest actually only ends up being about 17%, actual. Cheaper than a credit card, and the interest in rolled in, which means you aren't paying it over and over again.

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After making the mistake of taking out a small loan I learned and hope that no one else will have to suffer. Although my billing cycle was towards the end of the month I would start receiving calls 2-3 times a day asking for payment and then later in the day i would receive an other call wanting to know if I would like to take out an other loan. What is with these people?

1
★☆☆☆☆

After making the mistake of taking out a small loan I learned and hope that no one else will have to suffer. Although my billing cycle was towards the end of the month I would start receiving calls 2-3 times a day asking for payment and then later in the day i would receive an other call wanting to know if I would like to take out an other loan. What is with these people?

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