- Report: #239751
Complaint Review: United cash loans - Internet
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United cash loans
unitedcashloans.com Internet, U.S.A.
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Unitedcashloans ripoff you never stop paying Internet
I got a cashadvance loan in January. I have paid off the $200, plus the $60 fee, but instead they keep taking money out of my checking account. There is no way to get ahold of them other than an email and fax. Neither of which I have gotten a response. They aren't part of the Better Business Bureau and have had many complaints.
Amber
Eaton, Indiana
U.S.A.
Amber
Eaton, Indiana
U.S.A.
1 Updates & Rebuttals
Robert
Wallingford,Connecticut,
U.S.A.
You may have been auto-renewing.
#2Consumer Comment
Tue, March 20, 2007
Most payday loans, when you first take them out, will be set to auto renew every pay period. If you had wanted to pay it in full, most payday loan companies require that you contact them at least three business days before the scheduled debit (usually by faxing a signed form or by accessing the account online). The 60 dollar fee applies for each pay period that the 200 dollar loan is not payed in full, not for the total loan. The loan will auto renew for several pay periods (usually three) then they will start debiting the fee plus 50 dollars towards the original 200 dollar loan. It adds up to alot of money over time. If your debits started at 60 for several weeks, you were probably auto renewing.
