My husband and I needed help to get a vehicle. We needed $1000 down and his employer really screwed him with that we thought he would have a big check, but only pulled in enough for rent that week. So we went to AmeriCash and took out a loan, they couldn't even get him the $1000 so we took $900 and the next day, my husband had to renew his license. When he went to take the test, part of it was not passed. AmeriCash started to take out the money from our checking account and I put a stop payment on. They started calling the next day, I understood we owed the money but this company didn't want to budge an inch. They did however wait until February to get their money. Now they are calling, saying that we still owe them and I paid it off in full.
Consumer Complaints & Reviews
I made a personl loan of $800.00 on November 30, 2006 with Americash. On May 7,2008, a garnishment was issued at my place of employment. The principal stated on the order was $5686.29, additional interest $1994.25, court cost $157.00, and the subtotal of $7787.54. I thought the principal was the amount borrowed without the interest. How can this be legal? The reason you can't pay is because they make it that way. How can I owe them almost $8,000.00 in an 18 month period for an $800.00 loan? This is down right wrong and the law upholds businesses in doing this?
I can't afford to pay an $800.00 debt for the rest of my life as a single parent. My blood pressure elevated again after just returning from the doctor for being treated for it the same day I received the order from my job in the mail. I wasn't able to go to work on June, 30, 2008. I can't sleep for the thought of this that could drive someone like me to suicide.
