Best Choice 123 Payday Loan Beware before you use the loan service Internet

For those of you looking for a payday loan beware BestChoice123 stay away. My experience was one I wish all will avoid.

My mother is dying and I was in need of some emergency cash. I saw their add and it looked to be one I could trust. After going through the process of being approved, I then was prompted to the  contract page. What I read was that the amount borrowed which was 625.00 would have a payday total of 825.00 due. I thought well due to my situation that was okay, I would be willing to pay 200.00 back, my dying mother is worth it. Upon completing the process as the final payment drew closer I thought I would call the company to make sure the payments would soon stop from my checking account. I was shocked to find out that six payments of 189.00 were only interest payments according to their person on the phone which equals 1134.00.

She then went on to expain what the contract really meant was if I would have paid the loan on the first payday of 625.00 then the interest would have been elimated, but since I am making payments I would need to make 7 more payments of 189.00 in order to pay off the loan. That's a total of 2457.00 for 625.00? Are you kidding me? This type of fruad is against the Federal Trades commission. If anyone else has been ripped off by this company they need to contact a lawyer which I plan on doing. Even loan sharks do not charge such high interest rates. So those of you that are looking for a payday loan...... Stay away from this company. You have been warned!