Report: #946546

Complaint Review: Cash yes - Internet Internet

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Ripoff Report is Xcentric Ventures

Submitted: Tue, September 25, 2012
Updated: Tue, September 25, 2012
Reported By: Kmc1200 — Aurora New York United States of America

Author Confirmed

Why?

Cash yes Internet United States of America

Phone:
Web: www.cashyes.com
Category: Cash Services

Cash yes Money mutual montel williams Not clear on repayment. Interest way to high, makes paying it off almost impossible unless someone comes up with large amount of $ , Internet

*Consumer Comment: I can believe how expensive your loan is...

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They did not clearly explain paying cash advance back. They are charging me $400. Month in interest on $650. Cash advance. Makes it almost impossible to pay back.

This report was posted on Ripoff Report on 09/25/2012 04:10 PM and is a permanent record located here: https://www.ripoffreport.com/reports/cash-yes/internet/cash-yes-money-mutual-montel-williams-not-clear-on-repayment-interest-way-to-high-makes-946546. 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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#1 Consumer Comment

I can believe how expensive your loan is...

AUTHOR: Ken - (USA)

SUBMITTED: Tuesday, September 25, 2012

POSTED: Tuesday, September 25, 2012

I found this on their website FAQ's.

How much will the loan cost?
This disclosure is an estimate only. The cost of your loan is based on your loan period. You will be charged interest at a rate of at least 36% APR per $100 borrowed per loan period. And, Cash Yes charges (at minimum) an underwriting fee of $15 per $100 borrowed per loan period as defined in your loan agreement. The specific cost disclosures will be provided as part of your loan agreement.

I would bet, if your credit is bad, you'll be charged significantly higher interest and "underwriting fees."

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