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Report: #1085415

Complaint Review: Silvercloud Financial - Select State/Province

  • Submitted:
  • Updated:
  • Reported By: Missy — Liberty Township Ohio
  • Author Not Confirmed What's this?
  • Why?
  • Silvercloud Financial Select State/Province USA

Silvercloud Financial They prey on the poor and desperate. I took out a payday loan for $950, they took $300 from my account for the first payment and I still owe them $1150. I dont understand how this is ok. NEVER get a loan with them. THEY ARE A RIP OFF Upper Lake California

*General Comment: Can't u read?

*REBUTTAL Individual responds: Silver Cloud

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Silvercloud financial is the worst company to get a payday loan with. They put so much interest and fee's on top of your loan and the whole point of going to them to begin with is because your having trouble with bills. How do they expect you to pay this off? I borrowed $950 because of an emergency, they took $300 the first payment and now I still owe them $1150. I cant afford this. I am sinking because of them....

Do not ever get a loan with this company. They are sharks

 

Melissa M

(((REDACTED)))

This report was posted on Ripoff Report on 09/18/2013 06:52 AM and is a permanent record located here: https://www.ripoffreport.com/reports/silvercloud-financial/select-stateprovince/silvercloud-financial-they-prey-on-the-poor-and-desperate-i-took-out-a-payday-loan-for-1085415. 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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REBUTTALS & REPLIES:
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1Employee/Owner

#2 General Comment

Can't u read?

AUTHOR: Kimberly - ()

POSTED: Sunday, April 27, 2014

My thing is, yes, they have over the top, very high interest rates BUT they give u a payment schedule soon as u're approved for the loan!  So, how can u honestly act surprised?  I just don't get it! 

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#1 REBUTTAL Individual responds

Silver Cloud

AUTHOR: krh - ()

POSTED: Tuesday, December 31, 2013

Silver cloud is a rip off! I borrowed $600 from them and now I have to pay back $2400. They are charging 850.4% interest. How can this be possible. I would never recommend them to anyone! Worst mistake of my life. I just needed to get caught up on bills and now I'm more in the hole than ever. Thanks for nothing.

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