Complaint Review: UNITED CASH LOANS - Internet
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- Author Confirmed
- UNITED CASH LOANS UNITEDCASHLOANS.COM Internet U.S.A.
- Phone: 800-279-8511
- Web:
- Category: Cash Services
UNITED CASH LOANS Ripoff Money Hungry United Cash Loan Internet
*Consumer Comment: Your loan was auto renewing.
*Consumer Comment: Your loan was auto renewing.
*Consumer Comment: Your loan was auto renewing.
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In March of 2007 My truck broke down and I was desperate for a loan to get it fixed. I went online through the Internet to see what kind of help I could find, regarding a loan.
I came across United Cash Loans who approved me for a loan of $300.00, and I had agreed to make payments on the loan by having it deducted out of my bank checking account.
My wife checks our Bank Account online as offten as possible to keep track of payments being paid. She had noticed that payments of $90.00 were getting debited out of our account every two weeks (see dates and amounts provided): April 6th - $90.00, April 20th - $90.00, May 4th - $90.00, May 18th - $90.00 + $50.00 extra, June 1st - $75.00 + $50.00 extra, June 15th - $60.00 + $50.00 extra, June 29th - $50.00 + $45.00 extra, July 13th - $50.00 + $30.00 extra = a total amount of $820.00 for a $300.00 dollar loan which includes a $15.00 renewal fee along with a $50.00 dollar finance fee which comes to a grand total of $885.00.
Now thats what you call a ripoff!!!!!!!! Could you please advise me on how I can get some of my money back?
Frederick
San Fidel, New Mexico
U.S.A.
This report was posted on Ripoff Report on 07/18/2007 03:53 PM and is a permanent record located here: https://www.ripoffreport.com/reports/united-cash-loans/internet/united-cash-loans-ripoff-money-hungry-united-cash-loan-internet-261707. 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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#3 Consumer Comment
Your loan was auto renewing.
AUTHOR: Robert - (U.S.A.)
SUBMITTED: Thursday, July 19, 2007
From the descriptions of the account debits, your loan was auto renewing every two weeks. Meaning they were only debiting the loan fee and nothing towards the loan amount. After a certain number of weeks, the loan company will start debiting the loan fee, plus $50 to apply towards the loan amount.
You usually have to contact the loan company to pay more than the loan fee otherwise it will continue to auto renew.
This should have been all spelled out in the loan documents you signed as well as the loan companies FAQ page.
With these types of loans it is always best to pay them off as quickly as possible. As you have experienced, the fees add up quickly to a large amount.
#2 Consumer Comment
Your loan was auto renewing.
AUTHOR: Robert - (U.S.A.)
SUBMITTED: Thursday, July 19, 2007
From the descriptions of the account debits, your loan was auto renewing every two weeks. Meaning they were only debiting the loan fee and nothing towards the loan amount. After a certain number of weeks, the loan company will start debiting the loan fee, plus $50 to apply towards the loan amount.
You usually have to contact the loan company to pay more than the loan fee otherwise it will continue to auto renew.
This should have been all spelled out in the loan documents you signed as well as the loan companies FAQ page.
With these types of loans it is always best to pay them off as quickly as possible. As you have experienced, the fees add up quickly to a large amount.
#1 Consumer Comment
Your loan was auto renewing.
AUTHOR: Robert - (U.S.A.)
SUBMITTED: Thursday, July 19, 2007
From the descriptions of the account debits, your loan was auto renewing every two weeks. Meaning they were only debiting the loan fee and nothing towards the loan amount. After a certain number of weeks, the loan company will start debiting the loan fee, plus $50 to apply towards the loan amount.
You usually have to contact the loan company to pay more than the loan fee otherwise it will continue to auto renew.
This should have been all spelled out in the loan documents you signed as well as the loan companies FAQ page.
With these types of loans it is always best to pay them off as quickly as possible. As you have experienced, the fees add up quickly to a large amount.
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