I had recieved a payday loan from Case Transfer Centers.com, and unknown to me, they first took out the full amount of the loan from my account on my pay day, I was in dire straights, and had no choice but to re-open the loan with them. My due date on the loan is 08/31, I called them yesterday to negotiate my payments, perhaps to split them up, little by little, etc.
First of all, I was on hold for over 20 minutes waiting for a supervisor, then when I got the supervisor, he was rude. I kept pleading with them to help me out and negotiate a payment plan with them - no dice! They informed me they will take it all out on my paydate, and basically there is nothing I can do. I asked them if they are a member of the CFSA - Community Financial Services Association, the the only national organization dedicated solely to promoting responsible regulation of payday loan companies, they are not! Then I asked for an address, the home office is in Malta, out in the Mediterranean Sea.
I was appalled that they would be allowed to do business in the states, as they are not business people, they are nothing but ripoff artists! I am going to have to put a stop payment on their withdrawals, (they take it out in 2 increments) which is going to cost me $50 total to stop the payments, then my only other recourse is to send them their payments by Western Union, etc.
I do not think they should be licensed to operate with inidividuals in the US. They told me their policies are explained on their website - THEY ARE NOT. There is no mention on their website that the full amount is due at your next payday (can be as little as 8 days), nor is there any mention of the exhornitant fees they charge.
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