I needed a $400 loan so I had had this old letter from a fast cash loan from Montel Williams and I knew that I would be charged too much but I was desperate so out of my better judgement I did it I had received an offer through US Fast Cash so I did it. I had received the money the next day and thought my payment was once a month at $120 till the loan was payed off. Well I was informed by the bank that I was overdrawn so I called and they informed me that usfastcash had taken $120 out of my acount every other week on Fridays.
So I called them and they told me that they were taking it out of my account every other Friday as a service charge wich doesn't apply to the principle at all untill I pay them $520. But I could add to the principle at a minimum of $50 EVERY OTHER WEEK plus the service charge of $120 every other Friday. This is the most outrageous amount of monet I had ever heard of for $400.
Now I have to barrow the $520 from my sister to pay them plus the service charges that they have already charged me for the loan and they would charge me this rediculous amount till I gave them the $520 all at once or at least gave them a minimum of $50 plus the $120 service charge every other week till the debt is payed off and if I didn't pay them on the priciple they would still take the $120 every other week indeffinately. At that rate I should loan people money too. I don't see how this is legal. I thought drug dealers made alot. At least if I would have bought drugs I could have been high. I don't take drugs but this is making me want to smoke a joint.
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