- Report: #660046
Complaint Review: cash yes - Internet Internet
Reported By:
scorpio11455 -
La Mesa, California, United States of America
Submitted:
Updated:
-
Author Not Confirmed
Why?
cash yes
Internet, Internet, United States of America
Phone:
Web:
www.cashyes.com
Categories:
Business Rating:
(0)
Tell us has your experience with this business or person been good?
cash yes This is a big scam. loan sharks , Internet
I obtained a 300.00 loan from this company and was led to believe there would be a $90.00 finance charge. I paid the finance charge on the first payment date, and to my astonishment I was charged another $90.00 finance charge two weeks later, with nothing applied to the loan principal.
I later learned I would be charged $90.00 for the next two payments, again with nothing going towards the principal. The next payment would have been $140.00, with only $50.00 applied towards the principal. If I would have continued to make payments like this every two weeks, I would have paid over $1,500.00 for a $300.00 loan.
This is a complete rip-off. These types of loan companies should not be allowed to operate like this. I do not have a problem with them making a profit for their services, but what they did to me was, I feel borderline illegal. I ended up paying off the loan, which cost me a grand total of $570.00.
2 Updates & Rebuttals
The Truth
United States of AmericaMore info
#2Consumer Comment
Tue, November 16, 2010
Cashjar.com & cashyes.com are the same company just different names. Both ran by Ann Stanton. They use to different websites to herd off the authorities when they are forced to close off doing loans in ne state. Such as Cashjar.com can not do loans in CA. so they tell the customer they are going to send them to a lender finder www.cashloansource.com which is also the same as the companies. Its just a way of not letting the customer know that they are still in the same company and it throws the customer off by giving different company name. In actuality the people are sitting across from each other playing games with the customers. Here is the document where they were shut down in CA. Report them still doing business in CA just under cashyes.com but it is the same company. Everything is exactly the same just different name of website. http://www.corp.ca.gov/ENF/pdf/2010/CashJar_dr.pdf
The Truth
United States of AmericaGet your $ back
#3UPDATE EX-employee responds
Tue, November 16, 2010
Yes the company is illegal in ALL 50 states! They are the same as cashjar.com. They hide by saying they are located in belize. They are located at 1501 Hatcher Lane Suite B in Columbia, TN. 38401. They also have a office in Belize. However the majority of the business is done in Tennessee. My advise to you is contact the BBB, Attorney General, Consumer Affairs and the Federal Trade Commission. Demand your refund and they are by law obligated to refund you. Stay on them and dont let them get away with this. There is a class action lawsuit in process at this moment to reward millions of Americans that have been ripped off By Ann Stanton and Ken Colon illegal activities in the USA. Hope this helps!
