I was short of cash do to Hospital Charges and contacted Money Mutual whom then set me up with Cash Yes for a loan. I borrowed $775 for a one time fee of $232.50 I was told by the company representative. This equals $1007.50 total for the initial loan and fee. I was also told that the money to repay the loan would be taken out of my bank account each payday (every 2wks.) in minimum $232.50 debits, unless I wanted to pay the loan back more quickly in which case I was allowed to pay more money back on a payday as long as it was more than $232.50., and I called the company up to let them know how much to debit my account atleast 3 days prior to my payday. So far they have taken over $1212 from my account and claim that I still owe them over $985. They said that the first (4) debits of $232.50 from my account was interest/fees and the 5th debit of $282.50 was $50 toward the principal and the rest for fees. This company practices fraud and deception and should be sued in a class action lawsuit immediately!!
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