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As a teacher, it gets tough during the summer. As a result, I borrowed $390 from 500FastCash. Today, December 10, 2012, I found out that after making my four payments that none of them are going toward the balance. The rude manager informed me that those were just fees for establishing the loan and that to pay it off, I have to make one payment in the full amount. I'm extremely disappointed that companies are can had within their legal terminology and take advantage of the people.
Excessive fees - In July, I did an online application to 500FastCash on July 30th. $300.00 was deposited into my account. As of November 30th, they have taken out $825.00 - more than double the amount borrowed.
Ripoff company. I took a $200 loan from these guys. Not only did I receive only $150, I was charged $45 every 2 weeks with none of that money going towards the loan. After withdrawing $180 from my account this week, they withdrew $45 plus a second withdrawal of $50. They stated that's a "payoff amount." I spoke with a rep and asked her why this was done, and she stated the terms was in an email sent to me. I informed the rep that I received about 5 emails confirming my loan and that was it. This company should be shut down. They are crooks.
I took a $300 loan from this company in June 2012. The payments started in July 2012, so I paid them every pay date which is 2x a month ($110 sometimes$145). After several payments I thought my loan should be paid off. Then, when I checked my bank account this Oct. 2012, they charged me again $110. I called them and said that I still owe $125 which I don't understand. They said I was only paying for some charges of $90 and the loan payment is $50. I paid $110 2 times every mo. for 4 mo. My payments never ends. The $300 loan ends up with $1000+. I asked them to explain it and they never did. Don't ever go to this payday loan. They will milk your bank account. They are very rude to people too. I just hope and pray they will burn in hell.
I took another short-term loan out with 500FastCash. I had previously taken out a loan with them. I made timely renewal fee payments, which were outrageous fee, but had no choice and paid them. I took another loan out after paying that one and unexpected events took place. My bank account went into negative and I was upfront with the lender. Still, they continuously ran ACH debits. I tried working out a payment plan but they refused. They were rude and they even threatened me.
I got 4 dollar loan. I paid 520 dollars to these people and they keep calling my family members. My family don’t want them calling. I was paying $120.00 then went up to 170 dollars for a 4 dollar loan. I would have paid over a thousand dollars for a 4 dollar loan.
That is not right. They were harassing my family members. They have my address, they could write a letter. They are on the rip off report. Somebody need shut these people down for taking people’s money and ripping people off taking their money. If you paid almost 600 dollars for a 4 dollar loan, it is paid. At least 500 dollars is finance charge.
Their people have over a thousand for a 4 dollar loan and only 50 are going your loan on a 4 dollar loan. United Cash Loan is ripping people off too. They are working together ripping people off. You should investigate their charges and see if legal to be charging a high amount for a loan. You can read the rip off report on the internet to see how many people have complaints on these people.
I borrowed $500(payback of $650) from them which I understood that I could payback in increments of $150 a pay period. Well, now that I have almost finished paying them, they said my balance is still $650 as I was only paying the finance charges.
I have received repeated phone calls from them at my place of employment. I asked them to stop calling me at work, but they still keep calling me. I also asked for proof of debt and I have received nothing. How can I get the calls at my place of employment to stop?
I am admitting that I applied for a loan of $100 on line like a dummy. I was desperate. I had no food. I agreed to pay back $125 in 2 payments that would be taken out of my checking account. I only rec $75 but I at least was able to buy food. Yesterday, I learned that $315 was trying to be taken out of my checking account over and over and over. It had occurred several NSF charges. I found out that this was this company. I called them and they said it was advanced Payday loan company which I did not know and I do believe that they are illegal in NC.
I told the lady I was not paying back the $315 and wanted to know why they had given my checking acct number to so many diff companies that had taken money out of my acct. Of course, she would not answer and stated that I could pay back the 150 I owed. This has been turned in on my credit even though it has not been but 3 months in the making it has resulted costing me a lot.
After searching online for a loan to consolidate my current credit cards, I was referred (by one of the sites that help you find a loan) to 500FastCash. With my credit being fairly poor, I looked at it as an only option. I applied and accepted the first loan of $300 on 01/18/2010. The interest was about 479% APR which brought the amount due (on 02/18/2010) to $390. After receiving and paying off this loan, I had to take a second loan. I thought the first would help out get me some what back on track but it didn't.
So the second time (02/22/2010) I was approved for $350 with the same 479% APR. The amount due came to $455 on 03/18/2010. At this point, with a lot of over time at work, I was able to catch up on all my bills and be able to pay the payday loan in full. Two weeks after receiving the loan, I went online to the site and requested the full loan amount to be taken out on 03/18/2010. It is a two step process. I completed both. On 03/16/2010 and 03/17/2010, I logged into the site to check that everything was okay. It would not allow me to access my payment history/payment request to make sure everything was set. It would send me to a screen saying that this option is not available and I would have to call customer service for this information.
Having faith in this company and site, I let it go. But on 03/18/2010, I noticed they had only taken the interest out of my account. I was unable to contact them that day because of work. On 03/19/2010, I called to talk to someone about this but was told there was no issue with the site and I would have to pay an additional $105 (for interest) on 04/01/2010 plus the principal in order to pay this loan off. After talking to the rep more, he said he would forward to his supervisor to review and I would have to call back. When I called back, I was told the same thing.
500FastCash Company Information
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