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  • Report:  #946546

Complaint Review: Cash yes

Cash yes Money mutual montel williams Not clear on repayment. Interest way to high, makes paying it off almost impossible unless someone comes up with large amount of $ , Internet

  • Reported By:
    Kmc1200 — Aurora New York United States of America
  • Submitted:
    Tue, September 25, 2012
  • Updated:
    Wed, September 26, 2012

They did not clearly explain paying cash advance back. They are charging me $400. Month in interest on $650. Cash advance. Makes it almost impossible to pay back.

1 Updates & Rebuttals


Ken

Colorado,
USA

I can believe how expensive your loan is...

#2Consumer Comment

Wed, September 26, 2012

I found this on their website FAQ's.

How much will the loan cost?
This disclosure is an estimate only. The cost of your loan is based on your loan period. You will be charged interest at a rate of at least 36% APR per $100 borrowed per loan period. And, Cash Yes charges (at minimum) an underwriting fee of $15 per $100 borrowed per loan period as defined in your loan agreement. The specific cost disclosures will be provided as part of your loan agreement.


I would bet, if your credit is bad, you'll be charged significantly higher interest and "underwriting fees."

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