- Report: #830568
Complaint Review: United Cash Loan
Related Reports
Featured Ripoff Reports
Ripoff Reports
Ripoff Report on CBS 19
Ripoff Report on CBS 19 - Global Marketing Alliance
Ripoff Report on ABC 15 - Smart Shopper
Ripoff Report - Girls Gone Wild
Ripoff Report on Fox 11 - Car Repair
Special Features
-
Doctored Reviews is designed to help patients, doctors, and websites understand the problems created by Medical Justice, a company trying to restrict online patient reviews, and to offer some ways that let patients freely talk about their healthcare experiences. -
The government should serve voters, not corporate special interests. Public Citizen works to empower ordinary citizens, reduce the influence of big corporations on government, open the government to public scrutiny, and hold public officials accountable for their misdeeds. -
WHAT YOU NEED TO KNOW ABOUT THE BBB: NOT a government agency as listed in your local phone book. Instead the BBB is a private non-profit / franchise operation. 20/20 exposes the BBB, Hamas Terror Group Gets 'A' Rating - BBB is running a "pay for play" scheme.
| United Cash Loan 3531 P Street NW
Miami, Indiana United States of America |
|
United Cash Loan Pay Day Loan Scam Miami, Indiana
*Consumer Comment: Payday loans
*Author of original report: UNITED CASH SCAM
Does your business have a bad reputation?
Fix it the right way.
Corporate Advocacy Program™
On May 24, 2011 my wife and I took out a Pay Day Loan in the amount of $500 with the understanding that loan would be satisfied with $150 increments until the loans was paid off. However much to my surprise by September 30, 2011 we had paid a total of $955. It was at this point we decided to close our checking account because were unable to go online to access the United Cash Loan website. We also could not talk to anyone. If we had not closed our Bank account they would have total access to our checking account and money out of it when the wafnted to. After searching the internet we found a contact number and we were able to address the issue of if we had a balance. This company calls your place of employment even after a cease to phone calls was faxed and mailed to them, they also try and intimidate me when I ask the Representative to send me a itemized statement in writing. I was told I had $495 to pay after already paying $955 on a $500 Loan. We research this whole internet pay day loan companies and found out that as a consumer you have to know rights. A cease communication, and Dispute Debt along with facts about the Laws in our State.
This report was posted on Ripoff Report on 01/29/2012 08:15 AM and is a permanent record located here: http://www.ripoffreport.com/r/United-Cash-Loan/Miami-Indiana-74354/United-Cash-Loan-Pay-Day-Loan-Scam-Miami-Indiana-830568. 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 United Cash Loan
Search for additional reports
If you would like to see more Rip-off Reports on this company/individual, search here:
Search Tips
Here is a basic fact you need to know..Payday loans have HUGE interest rates, some well over 300%.
On May 24, 2011 my wife and I took out a Pay Day Loan in the amount of $500 with the understanding that loan would be satisfied with $150 increments until the loans was paid off.
- And when would it be paid off? You did ask that question didn't you?
As for your "Cease Communications" you are probably referring to the Fair Debt Collection Practices Act(FDCPA). That applies ONLY to 3rd Party Collection agencies, this payday loan company is considered an Original Creditor so it does not apply to them. There are a couple of States that have laws that extend rules similar to the FDCPA to Original Creditors but I do not believe that Indiana is one of them.
I was told I had $495 to pay after already paying $955 on a $500 Loan.
- Sounds about right. Especially if you closed your account and they couldn't withdraw any more money. Because not only are you paying the high interest they are now also probably hitting you with late fees as well as returned check fees. Most likely of that $150, most if not all was going to just the Interest. If you want to actually pay these loans down you generally need to contact them and find out how much extra you need to pay to get it paid off quicker.
On May 24, 2011 my wife and I took out a Pay Day Loan in the amount of $500 with the understanding that loan would be satisfied with $150 increments until the loans was paid off.
- And when would it be paid off? You did ask that question didn't you?
As for your "Cease Communications" you are probably referring to the Fair Debt Collection Practices Act(FDCPA). That applies ONLY to 3rd Party Collection agencies, this payday loan company is considered an Original Creditor so it does not apply to them. There are a couple of States that have laws that extend rules similar to the FDCPA to Original Creditors but I do not believe that Indiana is one of them.
I was told I had $495 to pay after already paying $955 on a $500 Loan.
- Sounds about right. Especially if you closed your account and they couldn't withdraw any more money. Because not only are you paying the high interest they are now also probably hitting you with late fees as well as returned check fees. Most likely of that $150, most if not all was going to just the Interest. If you want to actually pay these loans down you generally need to contact them and find out how much extra you need to pay to get it paid off quicker.
Respond to this report!
What's this? #2 Author of original report
UNITED CASH SCAM
AUTHOR: M. Jackson - (United States of America)
SUBMITTED: Friday, April 06, 2012
THE INTERNET PAY DAY LOAN COMPANY MUST BE LICENSED IN THE STATE THAT BORROWER IS FROM. IF LOAN COMPANY IS NOT THEN THE LOAN IS VOID. EACH STATE HAVE DIFFERENT LAWS SO THE BORROWER SHOULD DO THERE RESEARCH BEFORE AGREEING TO TAKE OUT A LOAN. ONCE THEY HAVE YOUR CHECKING ACCOUNT INFORMATION. THEY CAN TAKE AS MUCH MONEY FROM YOUR ACCOUNT AS THEY WANT. THE BAD PART ABOUT THESE LOANS IS MOST IF ALL THESE COMPANIES ARE ON INDIAN RESERVATION WHICH IS MONITORED BY THE FEDERAL GOVERNMENT. ONE LAST POINT, THAT A UNAWARE BORROWER SHOULD KNOW IS THAT IF THE DO EXPERIENCE ANY PROBLEMS THEY SHOULD REPORT ANY INDISCRETION SHOULD BE REPORTED TO THE FEDERAL TRADE COMMISSION.
Respond to this report!
What's this? 
