I applied for a loan of $500 which was instantly deposited into my account the very next day as promised. Upon reading the disclaimer thoroughly AFTER committing to the loan, I then realized the APR was hovering around 400%!!!!!!!!!!! WHICH MEANS for example, if you take out a loan for $100 and you cannot pay it back within a reasonable time frame - you will end up paying back $400 in the end, if not MORE.
What they neglect to tell you and what you MUST READ in VERY small words (disclaimer) is that they will continually tack on service charges until the principle balance is paid off. For my $500 loan, this ruthless company took out $150 for EVERY 2 WEEKS UNTIL I got my principle paid off. I paid $300 in a matter of 2 weeks JUST FOR SERVICE CHARGES PLUS the original balance which came out $800 after said and done. As I am reading this, they are people FAR less unfortunate who will end up paying 4X times their original loan amount.
I HATE this company for its immoral practice, the absurdity of the service charges, and more importantly the way they portray as if they are "helping" those in need; when in reality - they compound the stress of our everyday lives.
They are just crooks using border-line illegal practices.
Like everything else in life, when things are too good to be true; they are usually not. Unless you make enough money and truly need a loan asap which you can pay back within 2 weeks - by all means; use them - which isn't alot of people. BUT if you are one of those people who have good intentions to pay back the loan in increments - PLEASE STAY AWAY! It is NOT WORTH IT in the long run.
Do yourself a favor and just asking your friends/family for the money or pawn/sell stuff you have and avoid these types of companies.