Complaint Review: Unitedcashloans - Nationwide

Did you get any loan documents to read and sign? The loan payments should be detailed in them. If not look through their web sites FAQ section. Their auto renew may be explained there. What I suspect happened is that the loan you took out is auto renewing. The $90 that was being debited from your account was for the loan fee only. None of it is applied towards you original loan amount. Unless you contact them prior to the due date to tell them to debit the entire loan amount, it will continue to renew (there is usually a form in the loan documents to fax or fax them a letter telling them how much to debit). It usually renews for a certain number of weeks that varies from lender to lender. After that they will debit the fee ($90) plus $50 to apply towards the original loan amount. From your description of your last debit, it appears that they are now debiting the loan fee ($90) plus $50 that is applied towards the original loan amount. If you ever do get in contact with them you will probably be told that the loan amount owed is $250, plus a $75.00 fee. If you do not pay it off on the next debit, you will probably be debited $75 (loan fee) plus another $50 towards the loan amount. So this is probably how the debits occured and will continue to occur if the loan is allowed to auto renew (it appears you have paid 1-5 thus far). 1-$90 (fee only) - $300 owed. 2-$90 (fee only) - $300 owed 3-$90 (fee only) - $300 owed 4-$90 (fee only) - $300 owed 5-$90 (fee) + $50 (towards loan amount) - $250 owed 6-$75 (fee) + $50 (towards loan amount) - $200 owed 7-$60 (fee) + $50 (towards loan amount) - $150 owed 8-$45 (fee) + $50 (towards loan amount) - $100 owed 9-$30 (fee) + $50 (towards loan amount) - $50 owed 10-$15 (fee) + $50 (towards loan amount) - $0 owed. Unless these loans are paid off quickly, the fees add up to much more than the original loan amount. If allowed to autorenew, it will take up to ten debits to pay it off and you will have paid $675 in fees alone. Do everything you can to contact them and pay off as much of it as you can. Good luck.

Did you get any loan documents to read and sign? The loan payments should be detailed in them. If not look through their web sites FAQ section. Their auto renew may be explained there. What I suspect happened is that the loan you took out is auto renewing. The $90 that was being debited from your account was for the loan fee only. None of it is applied towards you original loan amount. Unless you contact them prior to the due date to tell them to debit the entire loan amount, it will continue to renew (there is usually a form in the loan documents to fax or fax them a letter telling them how much to debit). It usually renews for a certain number of weeks that varies from lender to lender. After that they will debit the fee ($90) plus $50 to apply towards the original loan amount. From your description of your last debit, it appears that they are now debiting the loan fee ($90) plus $50 that is applied towards the original loan amount. If you ever do get in contact with them you will probably be told that the loan amount owed is $250, plus a $75.00 fee. If you do not pay it off on the next debit, you will probably be debited $75 (loan fee) plus another $50 towards the loan amount. So this is probably how the debits occured and will continue to occur if the loan is allowed to auto renew (it appears you have paid 1-5 thus far). 1-$90 (fee only) - $300 owed. 2-$90 (fee only) - $300 owed 3-$90 (fee only) - $300 owed 4-$90 (fee only) - $300 owed 5-$90 (fee) + $50 (towards loan amount) - $250 owed 6-$75 (fee) + $50 (towards loan amount) - $200 owed 7-$60 (fee) + $50 (towards loan amount) - $150 owed 8-$45 (fee) + $50 (towards loan amount) - $100 owed 9-$30 (fee) + $50 (towards loan amount) - $50 owed 10-$15 (fee) + $50 (towards loan amount) - $0 owed. Unless these loans are paid off quickly, the fees add up to much more than the original loan amount. If allowed to autorenew, it will take up to ten debits to pay it off and you will have paid $675 in fees alone. Do everything you can to contact them and pay off as much of it as you can. Good luck.

Did you get any loan documents to read and sign? The loan payments should be detailed in them. If not look through their web sites FAQ section. Their auto renew may be explained there. What I suspect happened is that the loan you took out is auto renewing. The $90 that was being debited from your account was for the loan fee only. None of it is applied towards you original loan amount. Unless you contact them prior to the due date to tell them to debit the entire loan amount, it will continue to renew (there is usually a form in the loan documents to fax or fax them a letter telling them how much to debit). It usually renews for a certain number of weeks that varies from lender to lender. After that they will debit the fee ($90) plus $50 to apply towards the original loan amount. From your description of your last debit, it appears that they are now debiting the loan fee ($90) plus $50 that is applied towards the original loan amount. If you ever do get in contact with them you will probably be told that the loan amount owed is $250, plus a $75.00 fee. If you do not pay it off on the next debit, you will probably be debited $75 (loan fee) plus another $50 towards the loan amount. So this is probably how the debits occured and will continue to occur if the loan is allowed to auto renew (it appears you have paid 1-5 thus far). 1-$90 (fee only) - $300 owed. 2-$90 (fee only) - $300 owed 3-$90 (fee only) - $300 owed 4-$90 (fee only) - $300 owed 5-$90 (fee) + $50 (towards loan amount) - $250 owed 6-$75 (fee) + $50 (towards loan amount) - $200 owed 7-$60 (fee) + $50 (towards loan amount) - $150 owed 8-$45 (fee) + $50 (towards loan amount) - $100 owed 9-$30 (fee) + $50 (towards loan amount) - $50 owed 10-$15 (fee) + $50 (towards loan amount) - $0 owed. Unless these loans are paid off quickly, the fees add up to much more than the original loan amount. If allowed to autorenew, it will take up to ten debits to pay it off and you will have paid $675 in fees alone. Do everything you can to contact them and pay off as much of it as you can. Good luck.

Did you get any loan documents to read and sign? The loan payments should be detailed in them. If not look through their web sites FAQ section. Their auto renew may be explained there. What I suspect happened is that the loan you took out is auto renewing. The $90 that was being debited from your account was for the loan fee only. None of it is applied towards you original loan amount. Unless you contact them prior to the due date to tell them to debit the entire loan amount, it will continue to renew (there is usually a form in the loan documents to fax or fax them a letter telling them how much to debit). It usually renews for a certain number of weeks that varies from lender to lender. After that they will debit the fee ($90) plus $50 to apply towards the original loan amount. From your description of your last debit, it appears that they are now debiting the loan fee ($90) plus $50 that is applied towards the original loan amount. If you ever do get in contact with them you will probably be told that the loan amount owed is $250, plus a $75.00 fee. If you do not pay it off on the next debit, you will probably be debited $75 (loan fee) plus another $50 towards the loan amount. So this is probably how the debits occured and will continue to occur if the loan is allowed to auto renew (it appears you have paid 1-5 thus far). 1-$90 (fee only) - $300 owed. 2-$90 (fee only) - $300 owed 3-$90 (fee only) - $300 owed 4-$90 (fee only) - $300 owed 5-$90 (fee) + $50 (towards loan amount) - $250 owed 6-$75 (fee) + $50 (towards loan amount) - $200 owed 7-$60 (fee) + $50 (towards loan amount) - $150 owed 8-$45 (fee) + $50 (towards loan amount) - $100 owed 9-$30 (fee) + $50 (towards loan amount) - $50 owed 10-$15 (fee) + $50 (towards loan amount) - $0 owed. Unless these loans are paid off quickly, the fees add up to much more than the original loan amount. If allowed to autorenew, it will take up to ten debits to pay it off and you will have paid $675 in fees alone. Do everything you can to contact them and pay off as much of it as you can. Good luck.