- Report: #987017
Report - Rebuttal - Arbitrate
Complaint Review: Qloot DMA Financial, Corp.
Qloot DMA Financial, Corp.2920 N Green Valley Pkwy Ste 514Henderson, NV 8901 Internet United States of America
Qloot DMA Financial, Corp. Qloot, DMA Financial, Corp. Payday loan with abusive interest rates Internet, Internet
A business' first
line of defense
on the Internet.
If your business is
willing to make a
Click here now..
LENDER: DMA Financial, Corp. d/b/a VIP Cash
160 Greentree Drive Ste 101
Dover, DE 19904
FEDERAL TRUTH IN LENDING DISCLOSURES ANNUAL PERCENTAGE RATE
Amount Financed: The amount of credit (loan) provided to me $300.00.
The cost of your credit as a yearly interest rate 721.148%
The dollar amount the credit(loan) will cost me (for taking the loan) $1,509.60.
Total number of Payments 20. [continued below]....
Amount of Payments $90.48.
The amount I will have paid after all payments are made as scheduled $1,809.60.
This type of loan structure is predatory.
If I was seeking aid then there is no way I can pay back SIX (6) times what I am borrowing.
The usual fee for payday loans is usually $25.00 per $100.00 borrowed.
The terms of this loan charges a fee of $503.00 per hundred borrowed.
This report was posted on Ripoff Report on 12/26/2012 08:43 AM and is a permanent record located here: http://www.ripoffreport.com/r/Qloot-DMA-Financial-Corp/internet/Qloot-DMA-Financial-Corp-Qloot-DMA-Financial-Corp-Payday-loan-with-abusive-interest-r-987017. 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.
If you would like to see more Rip-off Reports on this company/individual, search here:Search Tips
In order to assure the best results in your search:
- Keep the name short & simple, and try different variations of the name.
- Do not include ".com", "S", "Inc.", "Corp", or "LLC" at the end of the Company name.
- Use only the first/main part of a name to get best results.
- Only search one name at a time if Company has many AKA's.