After my son was involved in serious motorcycle accident, i was out of work to care for my son and became desparate for money to by groceries and pay mortgage... I went to internet and searched for instant cash loans and "preferred cash loans" was my choice so i borrowed a measley $100.00 and a statment came in the mailed every two weeks... After they removed $120.00 from my checking account irealized the balance was still the same... I called them and their respnse to me was "didnt you read the agreement" i said "of course" but still you are almost paid off and stop taking money fro my account and also i wanted to know why balance was still the same after removing $120.00 of the $130.00.
And they stated i still owe them the entire $130.00 and the money they removed from my account is theirs and that as long as the loan renews and i dont faxed them payoff three business days prior to payoff that money will continue to be removed from my checking account and never go towards the balance i owe... What a rip off! This is so terrible to take avantage of someone in a time of need... I was under impression that the money they had been taking every two weeks was going towards the balance and that i was almost done paying them!!! Not so... Be careful america!!! You may get burned
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