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  • Report:  #802868

Complaint Review: PayDay Loan Yes

PayDay Loan Yes rrowed $350.00 and have to pay back $525.00 $175.00 Intrest what a ripoff Internet, Internet

  • Reported By:
    Pattie — Bayonne New Jersey United States of America
  • Submitted:
    Tue, November 29, 2011
  • Updated:
    Fri, December 02, 2011
  • PayDay Loan Yes
    Internet
    United States of America
  • Phone:
  • Category:

Nothing but an internet money scam. Save you self some m,oney and borrow from a friend. You can call anytime of day and its all automated. Been on hold for 32 minutes, there is no known address for this pay day loan yes, I guess I will get a lawyer. NEVER AGAIN

2 Updates & Rebuttals


voiceofreason

North Carolina,
United States of America

Payday loans = Loan Sharks

#3Consumer Comment

Fri, December 02, 2011

The only difference is they get to take you to court if you don't pay, instead of sending a leg breaker to break your bones, or forcing you to pimp out your partner or kids.


Ken

Greeley,
Colorado,
USA

Either you failed to look at their "fees" or you agreed to them...

#3Consumer Comment

Fri, December 02, 2011

Here's part of the fee table from their site....



Term

                                                                                    (Days)Annual Percentage Rate (APR)Loan Amount ($)$100.00$150.00$200.00$250.00$300.00$350.00$400.00$450.00$500.00

                                                                                                Finance Charge ($)4  4562.50%$50.00$75.00$100.00$125.00$150.00$175.00$200.00$225.00$250.005  3650.00%$50.00$75.00$100.00$125.00$150.00$175.00$200.00$225.00$250.006  3041.67%$50.00$75.00$100.00$125.00$150.00$175.00$200.00$225.00$250.007  2607.14%$50.00$75.00$100.00$125.00$150.00$175.00$200.00$225.00$250.008  2281.25%$50.00$75.00$100.00$125.00$150.00$175.00$200.00$225.00$250.009  2027.78%$50.00$75.00$100.00$125.00$150.00$175.00$200.00$225.00$250.00



Talk about HIGH interest rates....phew.

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