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Payday lending is illegal and unavailable to consumers in some states. Payday loans usually have very high interest rates and carry risk. As with any loan, consumers should have a clear understanding of the fees, terms and conditions of any payday loan before borrowing.
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This company is already paying over a billion for deceptive practices and illegally charging customers undisclosed and inflated fees. Yet the company is still up and running several years later. I took out a loan not knowing any of this. Each debit from my bank account has been accompanied by an INTERNATIONAL TRANSACTION FEE. This lender is supposed to be tribally owned - where's the tribe located? Norway? Japan? Antarctica? No mention of an international transaction fee in the loan docs. Sounds like they haven't really learned a lesson yet.
If you are like most you're going to have to need a loan once on your life, if you do please be aware and never get it here. I borrowed 650 because I was in desperate need. I have been paying them off the minimum of 200 for 1 year. My remaining balance is 1040. I have no job at the moment. My only income is child support. I call them trying to come up with an agreement because I am tired of paying the minimum and not going towards the principal balance. They give me my 2 options which is pay the minimum or pay the remaining balance. Spoke to a few agents none could help me, spoke to the manager even worst. So I'm stuck in the same cycle with no help just because I borrowed 650. There should be a law against this.
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I made a VERY foolish decision in taking another loan with this company, after I had taken one with them two years ago, paid off that loan and requested that they NEVER, EVER contact me again. I became very ill earlier this year and had mounting medical expenses. During this time, I had an issue with my vehicle that needed to be repaired before I could get my registration renewed. Lo and behold... 500FastCash contacted me. Stupid me... I took another loan with these predators. It wasn't a large loan, ($600.00), but; the amount of interest they charged on this loan is mind boggling.
Seriously, it really is sad that these companies are allowed to get away with what they do! And just to be clear about this; I do not have poor credit, (my score is actually in the fair-good range), but because my score isn't perfect, I could not take a loan out with the vampires that I bank with, (let's just say they have horses and a carriage as their recognizable symbol), 500FastCash is a predatory company. I DO NOT recommend that ANYONE EVER borrow from this company.
I'm being scam from two people, one name Luis ** and Stefanie **. They both claim I took out Payday loans and I need to pay them back money pak card and western union. They're calling my job, hanging and harassing me everyday.
I borrowed $200 from this company this year and it took forever to pay it off! There were a few times I could not make the payment and tried to get them to work with me to no avail. Non-sufficient funds were added from the bank and 500FastCash making the loan really expensive. I will never do business with them again!
I had been using their loan service for about 7 years. If I had an issue arise that I needed to get an extension on the timing of when the money was to be taken out of my acct., they had always helped... TILL LAST YEAR! I had an emergency and called 4 days prior to the withdrawal requesting if they could hold off for a week and then do it. I was told that I would have to default and get into collections for them to help me. I asked them why do I have to do that. They claimed that is what needed to be done before they could help me. I informed that a few years back, I didn't have to do that and they just moved the withdrawal out a week. They refused and on the original date for the withdrawal, it bounced causing my bank to charge their fees.
I called 500 that day, and was told that I had to wait for them to get the rejected withdrawal notice then they could help me. The next day, I received ANOTHER bounce fee from my bank. I again called and requested a sup, was told by that person they have not received the rejection as yet, then they could help me. Two days later, I checked with my bank and AGAIN they tried it, and ANOTHER fee was charged to my bank account. I requested the bank to stop them, and they said they couldn't as it was an ACH done online. By then ,I was so ticked. When I called 500, they finally said that yes, it was rejected. And now I owed ALL their fees bringing a 600.00 loan just a little over 1000.00 after the original and the APR and their return fees.
To make it worse, they proceeded to process every week for 3 months. I was happy my bank worked with me their fees. But they had to close me out, leaving 150.00 fee to them, and a report to the Chex till I paid them. All this because something that had been done over the past (like 5 years earlier) was refused with a PROVEN EMERGENCY!
I did not know that for every 100.00 the fee is $30.00 and on a 600.00 turned into a 1400.00 payment leaving me borrowing money to pay my rent. I called them in June for help and they were so rude and ill mannered that I was disgusted with them and told them never again will I borrow from them, and as soon as I am finished with my payments I do not want to call me. They are no good. They do not exp. to people and they should be out of business.
Like everyone else, after 3 months, a $500 loan ended up with a balance of $790! Their collection department is rude and I, too, will be reporting them to my Attorney General.
Never ever get a loan from them. I borrowed $400.00 from them in December of 2012. Almost 3 months later, with them withdrawing $135.00 twice a month, I still owe over $520.00. Be careful! Never will I do this again.
I still have a balance of $325.00, with a monthly payment of $125.00. $50.00 goes to the principal and $75.00. The loan originated 05/2012. I was told "I" was responsible for scheduling the loan repayment and because I'm paying the "minimum" each month, the loan is (according to the CSR I just finished up with) taking longer to repay. Well, duh. Only another $812.00 until I pay off the $325.00 (6 more months). This loan firm is what everyone should consider as a "Predatory Lender." Why? It clearly shows on the very first page of the loan documents "Amount Loaned" $500.00. "Amount to be “financed" $650.00. I plan on filing a complaint with my states Attorney General (who has a great disdain for predatory lenders) along with the BBB and the FTC as well. Stay as far away from this company as you possibly can. They are in the Money Mutual network of lenders.
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