• Report: #135822

Complaint Review: Instant Cash Flow

  • Submitted: Mon, March 21, 2005
  • Updated: Mon, March 21, 2005

  • Reported By:Westerlo New York
Instant Cash Flow
991 S Main Logan, Utah U.S.A.
  • Phone: 435-787-8208
  • Web:
  • Category: Loans

Instant Cash Flow ripoff dishonest abusive illegal collection tactics Logan Utah

*Consumer Comment: This is a violation of the Fair Credit Act

*Consumer Suggestion: They can't issue warrans themselves

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November 2004 I had some unexpected medical bills come due and needed a fast loan. I applied to Instant Cash Flow and was approved for a $400 loan. Payments were set up bi-weekly through ACH direct withdrawal from my bank account.

I lost my job due to business failure the first part of December. I notified them not to try to withdraw my payment due 12/24/04 as the funds would not be available. They did anyway along with other payday loans I had outstanding. This caused excessive overdrafts on my checking account to the tune of $1000. The bank closed my account because of the overdrafts.

Again I contacted Chad Garner at Instant Cash Flow and again explained my situation and asked that they not try to debit my checking account as it had been closed. He agreed and agreed to work with me on the account. I received an email from Mr. Garner 1/27/05 that if total payment was not made by 6pm on 2/7/05 a warrant would be issued for my arrest. I managed to scrape together $300 which was the balance owed on my loan and wired it to him with the notation the loan was paid in full. He accepted the payment. Now I am getting collection notices that I owe Instant Cash Flow another $252 that I do not owe. The collection agency has ignored my written dispute to this debt and is proceeding with further action.

THIS PLACE IS ONE OF THE BIGGEST RIPOFFS I HAVE EVER SEEN. DON'T DO BUSINESS WITH THEM EVER!!!! THEY WILL TELL YOU ONE THING THEN DO ANOTHER AND BELIEVE ME IT WON'T BE IN YOUR FAVOR!! IF YOU BORROW MONEY FROM THEM YOU WILL NEVER GET THEM PAID BACK AS THEY KEEP MANUFACTURING MORE CHARGES TO YOUR ACCOUNT!!!

Stacy
Albany, New York
U.S.A.

This report was posted on Ripoff Report on 03/21/2005 10:34 AM and is a permanent record located here: http://www.ripoffreport.com/r/Instant-Cash-Flow/Logan-Utah-84321/Instant-Cash-Flow-ripoff-dishonest-abusive-illegal-collection-tactics-Logan-Utah-135822. 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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#1 Consumer Comment

This is a violation of the Fair Credit Act

AUTHOR: Stacey - (U.S.A.)

Please look up the Fair Credit Act - no collector or collection agency can threaten arrest or jail -
If you have proof of this fact in writing or voice then the debt is null and void
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#2 Consumer Suggestion

They can't issue warrans themselves

AUTHOR: Lee - (Australia)

Stacy,

Don't go too nuts! Don't believe a warrant will be issued for your arrest! Only a judge can issue a warrant and I doubt these guys have a judge standing by his phone waiting for their orders, its only scare tactics! If you are a young lady these scum bags will do anything to seperate you from your money, ibcluding lies! In order for a warrant to be issued you must have a judgement against you first (going to court etc) but I doubt this will happen for $200, don't pay them. If they call you and bug you for the money simply send them a certified cease and decist letter requesting they only contact you via US mail, if they call you again you can actually sue them for breaking fair credit violations. I know sometimes these payday guys will show up at home, call the cops, say you were threatened with bodily harm, hell if they can lie so can you,get a copy iof the police report keep your receipt for certified letter, keep everything, if you need help email me! Believe me when I still lived in the US I had a huge case with a PAyday place out of San Diego, and I won,!
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