• Report: #756258

Complaint Review: Cash Yes - Internet lender

Thank You

Read how Ripoff Report saves consumers millions.

  • Submitted: Fri, July 22, 2011
  • Updated: Mon, September 24, 2012

  • Reported By: Rick — Sacramento California United States of America
Cash Yes - Internet lender
Internet United States of America

Cash Yes - Internet lender www.cashyes.com Loan Sharking! Crooks! Rip consumers off in the worst way. Charge 4000% interest on short-term loans!! Internet

*Consumer Comment: Cash Yes

What's this?
What's this?
What's this?
Is this
Ripoff Report
About you?
Ripoff Report
A business' first
line of defense
on the Internet.
If your business is
willing to make a
commitment to
customer satisfaction
Click here now..

Does your business have a bad reputation?
Fix it the right way.
Corporate Advocacy Program™

SEO Reputation Management at its best!

My credit was ruined due to the economy and I needed a short-term payday loan.  I borrowed $600 and expected to pay $800-900 total including fees for the loan.  After 3-4 months I noticed $900 in withdrawals for the loan, which I thought was acceptable.  I did not expect to see any more debits.  Debits occurred every two weeks, not monthly so I was paying back $350 per month.  When the debits totalled $1150, I called the company to ask why they were still debiting money from my account.  They informed me that the first $600 were fees for the loan and did not reduce the principle.  The subsequent $187 payments were paying down the loan at $50 per month, this was after I had already been charged $900 or so.  I asked what my balance was and they told me the principal was $450 and they would charge one final fee of $125 to pay the loan in full.  So I ended up paying $1800 for a $600 loan that for a term of 3-4 months.  They are complete crooks!!  Stay far away from them.  I started to investigate their business and then noticed that they have all borrowers agree to mitigate instead of pursuing a class-action lawsuit.  Their process requires that you first arbitrate if you have any issues with their loan practices.  Beware of Cash Yes!  Be sure if you have started a loan, pay it off as soon as you can to avoid costly - in my opinion - loan sharking!!  They have several payment options but you never really understand them until you get burned, then it's too late.  They extend the loan as long as they can so they milk you for the maximum amount of money.  Very unfair and unethical practices. 

This report was posted on Ripoff Report on 07/22/2011 11:45 PM and is a permanent record located here: http://www.ripoffreport.com/r/Cash-Yes-Internet-lender/internet/Cash-Yes-Internet-lender-wwwcashyescom-Loan-Sharking-Crooks-Rip-consumers-off-in-t-756258. 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.

Ripoff Report has an exclusive license to this report. It may not be copied without the written permission of Ripoff Report.

Click Here to read other Ripoff Reports on Cash Yes - Internet lender

Search for additional reports

If you would like to see more Rip-off Reports on this company/individual, search here:

Search Tips
Report & Rebuttal
Respond to this report!
What's this?
Also a victim?
What's this?
Repair Your Reputation!
What's this?
REBUTTALS & REPLIES:
0Author 1Consumer 0Employee/Owner
Updates & Rebuttals

#1 Consumer Comment

Cash Yes

AUTHOR: Mblackboo - (United States of America)

I have used CASh Yes several times. I did alot of research of these companies. There are 2 that i use. This company is not a scam. I have used them 3 times and they are nice fast and everythi g goes smooth. These idiots that are complaining are just that Idiots!!if you read the agreement or listen when they talk it tells you to CALL them 3 days in advance to tell them u want to pay in full or you want it to go towards principal??. The fees to me are reasonable and the more u use you will get discounts. Its the Idiots that they make the most money on!! I think this company is wonderful and has saved me many times!! Another good one is mycashnow. I cant stand when the people that complain are the ones that dont follow instructions!!! Idiots!! I give this company a great rating!
Respond to this report!
What's this?
Report & Rebuttal
Respond to this report!
What's this?
Also a victim?
What's this?
Repair Your Reputation!
What's this?

Advertisers above have met our
strict standards for business conduct.



Ripoff Report Legal Directory