- Report: #543176
Complaint Review: 200 Cash Payday Loan
| 200 Cash Payday Loan 110 W Ninth Street Suite 581
Internet United States of America |
|
200 Cash Payday Loan Charged $19 for an app fee & got no loan Internet
*Consumer Comment: Call your bank
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This report was posted on Ripoff Report on 12/21/2009 02:29 PM and is a permanent record located here: http://www.ripoffreport.com/r/200-Cash-Payday-Loan/internet/200-Cash-Payday-Loan-Charged-19-for-an-app-fee-got-no-loan-Internet-543176. The posting time indicated is Arizona local time. Arizona does not observe daylight savings so the post time may be Mountain or Pacific depending on the time of year.
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Call your bank and tell them what is going on. They will change your account numbers for free.
On the main page of that site it says:
"
Q - How does quick pay day loans work?
A - You give us authorization to deposit $100 - $300 payday loans directly into your account, and to collect the loan plus a loan fee on your next payday. Both the deposit and your payment are made electronically using the Federal Automated Clearing House (ACH), also known as "EFT".
Q - What does it cost to get a payday advance loan?
A - For each $100 borrowed, our charges are a low $30 every 2 weeks or part thereof. There is also a $19.00, one-time only, non-refundable application fee, payable upon submission of this application.
Please read the no TeleTrack payday loans FAQ for all the information you'll need to apply for a payday advance / quick cash loan, or go to the no fax application page to begin applying for your loan. "
If you click that "no TeleTrack paydayl loans FAQ" ......
Call your bank ASAP, they have your account info. Even if they gave you $200. it would cost you $79.95 and if you didn't pay $200 back in 15 days, add another $60. Fifteen days later, another $60
This is loan sharking but supposedly legal because it is online.

