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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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I have been trying to settle an account with this company. They are stating that they cannot setup a payment plan but will continue to add an extension fee to your account. I sent an email revoking EFT payments to the support team. If anyone is having a problem with this company, document all communications via email and contact a lawyer. Do not pay this company anything until there is a plan in writing. Notify your bank about EFT revocation in place. If this company debits your account they can be sued. Contact a lawyer and let them deal with company.
This company is nothing but crooks, I borrowed $800 from this company, paid the loan off on payday. Well guess who just got a mark on their credit? Me. Midwest Recovery is the company who put it on via my Paydayloan.com in the amount of $930.00. I borrowed all the way back in 2011 and paid it in full and it’s on my credit as if I never did. Steer clear of this company.
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This company takes advantage of the people that need money. Not only that. When I called the representative, I could hear dogs barking in the background and then started to tell me that he was losing the line. When doing the application be very careful. They ask you for a minimum charge, for you to take advantage of making payments, then it turns out that the company charges you at a minimum to just extend your bill.
Be careful with these payday loans!!! Unlike most online payday loans that will deduct the entire balance on payday and close out the loan, these guys require you to submit a payment request and specify the amount to pay. This was not made clear when applying and receiving approval notices. You have to read the email they send a few days later. I got a loan to go on a trip, was out of cell range the entire time and couldn't read my email. I was counting on the full amount being deducted from my bank account on the day my paycheck was direct deposited. Out of sight, out of mind... When I returned I saw that they automatically charged the interest only and elected to extend the loan, "as a courtesy," since I didn't specify the amount to be paid. These crooks make their money through deception tactics!
I initially got a loan for $300. I paid $225 because I thought it was a fraud that SGM Consulting was taking payments on my account. For two consecutive payments I paid the minimum of $90. When I called them to find out the outstanding balance, he said it was $390. Then to find out the $90 was only to interest and to extend the loan. I will not borrow from MyPayDayLoans anymore for their bad practices in lending.
I received a call from a David ** 510-426-6239 ext **. He said I was approved for a $2000 loan and my monthly payment would be $183.00. He also said that I needed to pay $210 to insure the loan and that the $210 would be included into the loan so I would be refunded the insurance amount. I had to go to Walgreens and put $210 on an iTunes gift card and give him the numbers on the back. He also told me to tell the cashier that the card would be for my personal use to avoid paying a $20 fee.
After all that, he called to see if had received the funds in my account and then he proceeds to tell me that there is a hold on the money because I have to pay a $379 out of state fee because the money was being sent from California. He told me to send the money via Western Union or MoneyGram to a Christa ** and that the receiver information would be for Wichita, KS. I should have listen to the guy at Walgreens when he told me that there are gift card scams going on with the iTunes card.
Needless to say I was threatened that I would be charged by the state if I didn't pay the tax to receive the loan. I was told that the loan could not be cancelled and that it would stay on hold until I paid the fee. If the fee is not paid in a week I would be getting a call from the state of California. So please do not take any phone calls from a David ** or Adam **.
I was contacted by some about a loan. They said I was approved for 3000.00 and so I applied for 2000.00. I was called back from a guy named David ** who said I was approved and then transferred me to a person named Kate **. I was scammed for 900.00 on Green Dot cards. I called several times to get my money returned. They said if I did not pay the cancellation fee they would turn my money over to a charity. I have talked to a Jason ** and all I get is threats from him. And now if you call 209-643-0607 you get Terminix. I know he is out there scamming someone else and I am going to find them. So lawyer should help us file a class action against. I still have all the Green Dot cards I used to try and get this loan. And do not try to get a loan from Ace Express loans. They do the same thing - only with iTunes money cards. Someone should stop these people. You have the names of some of the people
Last year my wife and I lost her father and due to the expenses we had to turn to Payday loans to make it through. One of them was MyPayDayLoan.com. The customer service is extremely poor to non existent. I tried calling customer service one Saturday and made 15 attempts and every time I would sit on hold and then would get disconnected. I was going back one day through my payments records and it came out that according to my records I owed them less than what they said I did. I called and tried to explain this and requested a copy of my account ledger and they told me that they could not and would not give that information to me. I called both my attorney and bank. Both suggested that I do a stop payment on the payment and then talk with them and once again request a copy of my ledger. I did this and then the stuff hit the fan.
At first I was sent a friendly reminder and asked to call. The second email arrived a few minutes later and that was a little more threatening. I sent them an email and requested a written copy of my ledger and stated that I would not accept any phone calls and that all communication had to be written, this was a suggestion of my attorney. They still called and I informed them that all communications had to be in writing and that if they wanted to work things out I required a written copy of my ledger and they got very pushy about it. I hung up and about two hours later they sent me an email telling me that any and all written communications were copyright protected and that I could not share them with my attorney and any government agency and that if I did I was in violation of copyright law. This is funny because I am a photographer and know a little about this.
They proceeded to threaten me and they quoted case law in their favor. Not once addressing my request for a written copy of my account ledger. Needless to say I am in it for the long haul and I have told them that I would accept a reasonable payment plan as long as I could see a written ledger of my account and that has not happened. I plan on filling a complaint with the State of Nevada and I will file bankruptcy and make sure this is part of the case..
I have had a loan out with this company, but the interest rate is really high. I just feel like people are being "price gouged" taking out a loan with them. They won't agree to any other kind of payments, only what they say you HAVE to pay per payday.
I applied for a $5000 loan, supposedly got it, and then started having to send Green Pak money vouchers for 1st one thing then another, until I had paid so much money. Their pressure tactics were that I had so much invested in this that I shouldn't stop. A fake IRS agent got involved, and I canceled the loan. More and more requests for money with increasing threatening happened that I have blocked their number. And now today, I get a weird call that I am about to be arrested. STAY AWAY FROM THESE THUGS!!!!!!
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