MyCashNow.com Incredible Ripoff Jersey City New Jersey

I borrowed $550 from MyCashNow.com because I had a huge financial problems and decided to take out a MyCashNow loan. I've since lost my job and don't have the money to pay them back.

I'm now flat broke and they've tried to make deductions from My Account, some unauthorized and systematically have made me incur in $180 in Overdraft charges. The $550 has since escalated to $1284.59 and they're demanding payment via Western Union so as not to Issue a Cival Warrant, Contact my Prior Employers and Try to Garnish my Wages.

I've taken out payday loans in the past and paid them back.. I once had one which I was unable to pay back for 2 weeks and the total fees ended up running me about $80 for a $400 loan, still high but thats much more reasonable than $1284.59 which is more than twice the principal.

I've seen a couple of other complaints on this board and expect many more in the near future.

These guys are crooks and will probably be shut down soon. Until then please Don't deal with this company even if you're in a bind as it will only worsen your current situation.

Carlos
Jersey City, New Jersey
U.S.A.