Nationwidecash.com is a fraudulent company who holds an "F" rating with the Better Business Bureau. I applied for a payday loan through Christianfaithfinancial.com who denied my application and sent me offers from a few other places, nationwidecash.com being one. They had a girl call me at my work to get the online loan documents signed. She misrepresented the finance charge completely and then rushed me through the online documentation process. You are more vulnerable when at work so that's why they call you there.
Once signed, I received $400 electronically into my checking account. Two weeks later $120 came out, which I expected, as they state that you pay the finance charge first. Well then two weeks later another $120 came out, followed two weeks later by another $120. So I called them to see what my balance remaining is and they tell me it's $520. Wait a second! Ive been paying you $120 every payday for a month and a half and you're telling me I owe you the $400 principal plus another $120 in interest? That's when I realized I'd been scammed.
I had the money to pay back the loan a week after I took it out so why would I knowingly agree to pay $480 in finance charges on a $400 loan? I wouldn't. So BEWARE of this company's smooth talking young girls that call you and make it sound like the most you'll pay is $150 and the loan will be paid off after the 4th payday deduction. This is false and you will pay dearly. This type of fraudulent lending is illegal in many states so you may have legal right's, which I'd suggest you pursue. I know I will be.
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