Report: #239751

Complaint Review: United cash loans - Internet

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Ripoff Report is Xcentric Ventures

Submitted: Mon, March 19, 2007
Updated: Tue, March 20, 2007
Reported By: — Eaton Indiana

Author Confirmed

Why?

United cash loans unitedcashloans.com Internet U.S.A.

Phone:
Web:
Category: Loans

Unitedcashloans ripoff you never stop paying Internet

*Consumer Comment: You may have been auto-renewing.

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I got a cashadvance loan in January. I have paid off the $200, plus the $60 fee, but instead they keep taking money out of my checking account. There is no way to get ahold of them other than an email and fax. Neither of which I have gotten a response. They aren't part of the Better Business Bureau and have had many complaints.

Amber
Eaton, Indiana
U.S.A.

This report was posted on Ripoff Report on 03/19/2007 07:03 PM and is a permanent record located here: https://www.ripoffreport.com/reports/united-cash-loans/internet/unitedcashloans-ripoff-you-never-stop-paying-internet-239751. 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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#1 Consumer Comment

You may have been auto-renewing.

AUTHOR: Robert - (U.S.A.)

SUBMITTED: Tuesday, March 20, 2007

POSTED: Tuesday, March 20, 2007

Most payday loans, when you first take them out, will be set to auto renew every pay period. If you had wanted to pay it in full, most payday loan companies require that you contact them at least three business days before the scheduled debit (usually by faxing a signed form or by accessing the account online). The 60 dollar fee applies for each pay period that the 200 dollar loan is not payed in full, not for the total loan. The loan will auto renew for several pay periods (usually three) then they will start debiting the fee plus 50 dollars towards the original 200 dollar loan. It adds up to alot of money over time.

If your debits started at 60 for several weeks, you were probably auto renewing.

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