• Report: #1043380

Complaint Review: 500 Fast Cash

  • Submitted: Mon, April 15, 2013
  • Updated: Mon, April 15, 2013

  • Reported By: Myron — Hope Mills North Carolina
500 Fast Cash
Internet United States of America

500 Fast Cash Predatory Lending Internet

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I took a $300.00 dollar loan for Christmas 2012 from 500 Fast Cash. I've paid $940.00 dollars back. I thought this was a payday loan, so I set up payments on my paydays. After four payments of $90.00, I was told that I had not started to pay on the loan.I had yet to start paying the principal.

The payments also changed in February. On February 8th I paid $90.00, but on the 22nd I paid $90.00 + $50.00. In March I paid $75.00 + $50.00 on the 8th. Then on the 22nd I paid $60.00 + $50.00. Each time only the $50.00 was applied to the prinicpal.

Now in April they changed payment date without telling me. I called them and they told me that I must have done that. Trust me, I did not as April 12th was not a payday for me. They took another $50.00 dollars out of my account that I did not have, no I have overdraft fees.

I tryed to access my 500 Fast Cash account online and could not get any information. All I could do was call a number on the screen I was told that I owe them $205.00 on April 19th 2013. I asked if that was the last payment and I was told that it would be. We will see.

Do not use the company ever. I will never do anything like that again. If they had told me that I would have to pay back close to $1,000.00 on a $300 dollar loan, I would not be writing this now.

This report was posted on Ripoff Report on 04/15/2013 10:35 AM and is a permanent record located here: http://www.ripoffreport.com/r/500-Fast-Cash/internet/500-Fast-Cash-Predatory-Lending-Internet-1043380. 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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