I, Robert L got a loan from Usfastcash.com, and for he amount of $350. The renewals automatically were for $105.00, and total pay off was $455.00. I sent the form in on Feb 2nd. For them to take the whole pay off amount debited from my bank. They took out the renewal fees only and makes 4 times total... They tried to debit 4 renewal amounts alone today at my bank and costs me bank charges also. This is illegal to me, and they should not be able to charge consumers all these renewal rates of over half of the original loan within one months time...
Then they do a paydown of increments of $50, after they are thru with the renewals of 5 i think. So, 5 times $105.00 and then it was like $90 $50 paydown totaling $140.00. The rate alone is like $724% or something like that. I emailed them explaining to take all the loan due out of bank and they didn't do so, they did 2 renewals instead of $105.00 each. So, I consider this i loan paid in full and wil lnot pay another dime to them, as I do not have it for one thing. I emailed them if they do not agree, then to write it off as a loss. I am closing my bank account due to this outrageous scam and illegal handling of loans they are doing to the american consumers.
Thank You for your time in this matter,
Best Regard,
Mad and Been ripped off in Texas
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