This company is totally evasive and a major rip off/thieves. I borrowed $250 from them in August and they are still ripping me off by taking money out of my checking account six months later.
To date I have paid them $485 for a $250 loan. The contract I have is difficult to follow, and seems to have been set up that way. My bank told me the only way to have them stop taking money out was to close my account. The bank suggested I give them a call first to determine what I was responsible for. The bank was able to give me their number based on the electronic transactions that had been deducted.
I spoke to a woman who was very rude, and didn't appear to give a damn about my inquiries. She tried to expalin things to me, but nothing she said made sense. After beating a dead horse I just ended the call. Basically, I am stuck paying off this learning experience until May.
For five months they deducted $75 from my checking account, after that they started to deduct $110. Basically, if they continue to deduct $110 until May I will have paid them $815, minus the $250 for the loan = $565 profit (interest).
I am contacting the better business bureau, and going to try to see what my other options are. If people had money to spend like this they would not be taking out a loan. 500 Fast Cash is a very bad place to do business. Terrible, useless customer service they just want your money and lots of it! I wish I would have read what others had to say before I made this mistake.
Rick
Mount Pleasant, Michigan
U.S.A.
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