Complaint Review: Future Income Payments, LLC
Future Income Payments, LLC Being taken advantage of and unscrupulous business practices Nationwide
On August 2016, I contacted Future Income Payments, LLC for the purpose of getting a loan for $2,624. There were several phone conversations and emails between us asking a lot of personal financial information. The problem is I thought I was understanding what was being said to me, but in reality I didn't understand the pay back plan at all. For a $2,624.00 loan, they are going to deduct $350.00 monthly from my checking account for approximately 5 years. If you do the math, the balanced owed in their eyes would be $21,000.00. Who in their right mind would borrow $2,624.00 so they could pay back $21,000.00? Not even a 64 year old women with the onset of dimenia, but obviously I did. I did not realize that until I noticed on my checking statement the amount of $350.00 was being deducted as of September 2, 2016 and was told there was nothing I could do about it.
I have contacted the Attorney General Office and prayerfully they will be able to help me in this terrible situation. This is not good business ethics or practice and I hope it can be resolved between both parties. Be seriously aware of any type of cash advances, or businesses of making loan sharks legal whether they are physically located, or on the internet.
This report was posted on Ripoff Report on 09/06/2016 07:43 AM and is a permanent record located here: http://www.ripoffreport.com/reports/future-income-payments-llc/nationwide/future-income-payments-llc-being-taken-advantage-of-and-unscrupulous-business-practices-1326548. 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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