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Report: #970358

Complaint Review: AdvanceMeToday.com - Internet Internet

  • Submitted:
  • Updated:
  • Reported By: JMBarry — Sunnyvale California United States of America
  • Author Not Confirmed What's this?
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  • AdvanceMeToday.com Internet United States of America

AdvanceMeToday.com This is a payday advance company. 1- I looked in My Account and clicked on a link that immediately said "You Have Been Converted". Also, rate table does not reflect actual rates. Internet

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(1) I went to the My Account page and saw a blue underlined link.  I wanted to investigate to see what it led me to.  It caused a popup message, Congratulations! You have been converted.  Fortunately, they had Chat and I was able to ask.  They said that this means you automatically are set up to pay only the fees/interest each payday, and that the payday loan continues for 4 paydays.  NOT what I wanted, I was only investigating.  ($50 fee/interest to borrow $200, repeating every payday. Not what I would agree to.)

(2) They have a page with a rate table.  If you choose 9 days or 19 days or 29 days, the rate and fee doesn't change.  ($30 fee for $100 loan, e.g.)  I thought I could extend the loan to be repaid within 4 weeks for the same cost.  Nope.  The process taking out a loan automatically locks you into the payday date, and refers to Schedule C of the loan.  (There wasn't anything obvious called a Schedule C.) 

Either they have a very inefficient webmaster or they planned this kind of short con. I don't mind paying what I need to, but don't con me into something I didn't agree to. 

Recommendation:  Run away -

This report was posted on Ripoff Report on 11/16/2012 05:24 PM and is a permanent record located here: https://www.ripoffreport.com/reports/advancemetodaycom/internet/advancemetodaycom-this-is-a-payday-advance-company-1-i-looked-in-my-account-and-click-970358. 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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