Report: #1043380

Complaint Review: 500 Fast Cash

  • Submitted: Mon, April 15, 2013
  • Updated: Mon, April 15, 2013
  • Reported By: Myron — Hope Mills North Carolina
  • 500 Fast Cash

    Internet
    United States of America

500 Fast Cash Predatory Lending Internet

Show customers why they should trust your business over your competitors...

I took a $300.00 dollar loan for Christmas 2012 from 500 Fast Cash. I've paid $940.00 dollars back. I thought this was a payday loan, so I set up payments on my paydays. After four payments of $90.00, I was told that I had not started to pay on the loan.I had yet to start paying the principal.

The payments also changed in February. On February 8th I paid $90.00, but on the 22nd I paid $90.00 + $50.00. In March I paid $75.00 + $50.00 on the 8th. Then on the 22nd I paid $60.00 + $50.00. Each time only the $50.00 was applied to the prinicpal.

Now in April they changed payment date without telling me. I called them and they told me that I must have done that. Trust me, I did not as April 12th was not a payday for me. They took another $50.00 dollars out of my account that I did not have, no I have overdraft fees.

I tryed to access my 500 Fast Cash account online and could not get any information. All I could do was call a number on the screen I was told that I owe them $205.00 on April 19th 2013. I asked if that was the last payment and I was told that it would be. We will see.

Do not use the company ever. I will never do anything like that again. If they had told me that I would have to pay back close to $1,000.00 on a $300 dollar loan, I would not be writing this now.
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This report was posted on Ripoff Report on 04/15/2013 10:35 AM and is a permanent record located here: http://www.ripoffreport.com/reports/500-fast-cash/internet/500-fast-cash-predatory-lending-internet-1043380. 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. READ: Foreign websites steal our content

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