Payday-Loan-Yes Payday-Loan-Yes Borrow Money with APR 2737.50% - THEY TRIED TO! Agoura Hills, California

Wow! I was really taken! I received an email ad from Payday Loan Yes and, needing cash, borrowed $200 which I received a few days later in my bank account after I faxed them a voided check.  Then payments started being withdrawed from my account a few weeks later every two weeks: $60, $60, $60.  I logged into my account at payday-loan-yes.com to see what the remaining balance was and it said another $260 was coming out on Sept. 11!  WHAT? I thought it had to be some mistake!  Then I checked their fee schedule page cause dumb me never asked what the fee was (ALWAYS ASK!).  I just assumed having used these services before that  it would be reasonable.  Ah, no.  Their Fee Shedule showed that beginning day 4 of loan I am charged an interest fee at 2737.50% APR, reducing a little each day.  Wow! They were basically charging me $60 A DAY for as long as they chose, I guess.  It would never get paid off. What a heck of a deal.  I immediately closed my checking account and wrote them to justify this and then saw numerous bad reports of other victims here. They aren't justifying this.  THIS IS PAYDAY LOAN FROM HELL!  WORSE, THEY HAVE MY SOCIAL SECURITY NUMBER NOW!! DON'T DO THIS!!  Im getting ID theft protection now!