I applied for a loan through 1st Payday Loans via the Internet on 9/1/04. Lloyd Foster emailed me back saying that I had been approved for a higher loan in the amount of $5,500. Having some debts to consolidate, the terms sounded good.
All I had to do was pay the Fed Ex driver a $220.00 "finder's fee" to accept the loan documents. This fee would be delivered back to 1st Payday Loans via Fed Ex. I paid the driver, signed the documents and Express Mailed them back to 1st Payday Loans. I received an email from Lloyd Foster on 9/30/04 that they had received the documents and my funds would be deposited into my bank account on the following Monday (10/4).
The funds have still not been deposited and they are not returning my phone calls or emails. (No one ever answers their phone—there is a message machine hooked up.) I have not heard anything concerning my $220 being refunded and I probably never will. The kicker is, I still receive emails from them soliciting business!
Do not do business with 1st Payday Loans or 1st Payday Advance! There are several people who have reported the same situation on this website concerning this company.
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