Cash yes
This is a big scam. Loan sharks

Business & Finance

I obtained a 300.00 loan from this company and was led to believe there would be a $90.00 finance charge. I paid the finance charge on the first payment date, and to my astonishment I was charged another $90.00 finance charge two weeks later, with nothing applied to the loan principal.
I later learned I would be charged $90.00 for the next two payments, again with nothing going towards the principal. The next payment would have been $140.00, with only $50.00 applied towards the principal. If I would have continued to make payments like this every two weeks, I would have paid over $1,500.00 for a $300.00 loan.
This is a complete rip-off. These types of loan companies should not be allowed to operate like this. I do not have a problem with them making a profit for their services, but what they did to me was, I feel borderline illegal. I ended up paying off the loan, which cost me a grand total of $570.00.


Company: Cash yes
Country: USA
Site: cashyes.com
  <     >  

RELATED COMPLAINTS

USA Payday Loan
Scammers Extraordinaire

Wells Fargo Mortgage
Extra Principal Payment Applied to Future Interest First

GMAC Mortgage
Weekly payments not applied to Principal

Chase Home Finance
Extra Payments Applied as Two Interest Payments Each Month

Ameriloan
At first glance AMERILOAN seems to be the typical payday loan offer. But nooooo

American General Finance
Only cents of each payment went to principal on 48-month loan

Conseco - Green Tree Finance
Ripoff, dishonest, frauduent billing, misapplied payments

Household Finance
Misleads, deceives, & victimizes all customers who come to them in a time of need

Capital One Auto Finance
Extra Principal Payments Applied to Another Account

Pepper Cash Pay Day Loan
Pay day loan Internet