I obtained a pay day loan of $300.00 about 6 mouths ago, the fee was $90.00 every other week if I didn't pay the whole thing in two weeks being it was that I was struggling have not been able to pay the whole thing, so for the past 6 months I have been paying a total of $180, a month that s $1.080, and the say to pay off I need a $180 more they said that the $180.00 is extinction fees, Right!
So in reality the are charging $180 a month for a 300 dollar loan that they rendered me so they have taken in $180, every month for the past 6 months in two months they had more than their money back, the rest is a profit to them maybe a small transition fee, I am not complaining about a little interest but the kind of a fee is ridiculous. They don't make big loans, most of their loan or, about 3 to 5 hundred dollars, I wonder how much they pay their help, probably the minimum wage, I am very up set because they have very greedy ways, maybe what they are doing is legal but it shouldn't be, and it sure ain't moral I would be ashamed to have a company that treat people that way, they make these contracts real long so to discourage people from reading them, so who wants to set for 30 minutes reading a contract for a small loan of $300.00 It is hard to believe that a company would be that greedy, how can anybody want to return to that company and get anther loan, they are taking advantage of us poor ignorant people that need money fast, so I feel that something should be done about this company, I have read other usacomplaints.com from this company so I am not alone, they need to realize that people have other bills to pay, Thanks Albert Johnson, if any of the other ripoff clients wants to e mail me maybe we can get something done, I don't know but I would like to try I am mad this Kind of business should be outlawed
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