Complaint Review: United Cash Loans - Internet
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- United Cash Loans unitedcashloans.com Internet U.S.A.
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United Cash Loans RIP OFF! "Finance Charge" Internet
*Consumer Comment: Dept. Of Corporations has filed a desist and refrain against United Cash Lonas
*Consumer Comment: $90 for every $50? That doesn't make sense.
Show customers why they should trust your business over your competitors...
I used United Cash Loans for a 300$ loan and I am charged a $90 finance fee for every 50$ I took out and to boot I have to try to pay this all off....I wish I had never done this but I was in a tight tight spot now I regret every second of it! Single mom...no food in the house....bills bills and more bills and I got suckered...now I have to get a second job so I can afford to pay my bills feed my child and pay this stupid United Cash Loans....they should change the name to Preying on Suckers Like you
Sunday_girl
Sacramento, California
U.S.A.
This report was posted on Ripoff Report on 09/05/2007 03:57 PM and is a permanent record located here: https://www.ripoffreport.com/reports/united-cash-loans/internet/united-cash-loans-rip-off-finance-charge-internet-272610. 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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#2 Consumer Comment
Dept. Of Corporations has filed a desist and refrain against United Cash Lonas
AUTHOR: Jewelee74 - (U.S.A.)
SUBMITTED: Sunday, September 09, 2007
corp.ca.gov/enf/info/dr/06pdf/ameriloan.pdf
Call Them and file a complaint against this company the are operating illegaly in the state of California
#1 Consumer Comment
$90 for every $50? That doesn't make sense.
AUTHOR: Robert - (U.S.A.)
SUBMITTED: Thursday, September 06, 2007
If United Cash loans is like most payday loan companies, you should be charged $30 for every $100 for a total of $90.
These loans are usually set to auto-renew every pay period, so you should be getting debited $90 every pay period which only represents the finance fee.
After several pay periods (it varies but usually four or five) they will debit the finance charge ($90) plus $50 to apply towards the original loan amount. The next pay period debit should have a lower finance fee (base on $250 loan amount) and another $50 towards the original loan amount. And so on and so on until the loan is paid off.
It is always best to pay these type of loans off as quickly as possible. The finance fees add up fast.
Good luck.
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