Elizabeth
Washington,#2Consumer Comment
Sun, August 22, 2004
I've read a lot of comments here about SOnic Payday, and as a former customer of theirs this is what I've learned. DO NOT call if the funds will be unavailable. This will only expedite the collection process. Instead, let the payment bounce (because even if you call they'll send it through anyway or if you have enough to cover half they send it as two debits so at least half will be paid, and wait FOR THEM TO CONTACT YOU. This will take approximately 2-3 business days after the date of the scheduled debit (but it may also depend on the kind of bank you have)this will at least give you a few more days to gather the money and gets you closer to your next payday. I've bounced 2 of my three loans with Sonic, and each time they call on the 2 or 3rd business day and tell me I have until the next period to pay it by Western Union. Honestly Western Union is probably one of the safest ways to pay because they get within 15 minutes. You havea tracking number, and Western Union can be held liable if the transfer does not take place. So using this strategy can get you at least to your next payday without the harassing or embarassing phone calls. In addition, if half of your payment went through the first time then you only have to pay the other half plus the fee and you can borrow again in one hour (however, I would advise against it). Overall this company is what it is, it provides money when needed. But given the choice of payday companies, I would go somewhere like ACE or Check n'Go where at least you can refinance the loan over a period of time and still borrow relatively high amounts.
Grant
Charlotte,#3Consumer Comment
Thu, July 08, 2004
in response to sonic payday loan being a ripoff i have used them several times in times of crisis. I have nothing but wonderful customer service experiences with them the main thing is if you borrow the funds you need to have the funds to pay them back. When submitting your paperwork to be approved for the loan you sign a paper to have your wages garnished so contacted your employer is something you signed for before you get the funds. In reponse to this persons complain they have no right to complain because they were wrong they did have the funds to pay sonicpayday back they need to learn how to budget if you borrow from someone even if it is a internet loan company you need to pay them back bottom line don't get mad when they take action to get their funds back.