Sunday 4th of June 2017 08:27:43 PM
After searching online for a loan to consolidate my current credit cards, I was referred (by one of the sites that help you find a loan) to 500FastCash. With my credit being fairly poor, I looked at it as an only option. I applied and accepted the first loan of $300 on 01/18/2010. The interest was about 479% APR which brought the amount due (on 02/18/2010) to $390. After receiving and paying off this loan, I had to take a second loan. I thought the first would help out get me some what back on track but it didn't. So the second time (02/22/2010) I was approved for $350 with the same 479% APR. The amount due came to $455 on 03/18/2010. At this point, with a lot of over time at work, I was able to catch up on all my bills and be able to pay the payday loan in full. Two weeks after receiving the loan, I went online to the site and requested the full loan amount to be taken out on 03/18/2010. It is a two step process. I completed both. On 03/16/2010 and 03/17/2010, I logged into the site to check that everything was okay. It would not allow me to access my payment history/payment request to make sure everything was set. It would send me to a screen saying that this option is not available and I would have to call customer service for this information. Having faith in this company and site, I let it go. But on 03/18/2010, I noticed they had only taken the interest out of my account. I was unable to contact them that day because of work. On 03/19/2010, I called to talk to someone about this but was told there was no issue with the site and I would have to pay an additional $105 (for interest) on 04/01/2010 plus the principal in order to pay this loan off. After talking to the rep more, he said he would forward to his supervisor to review and I would have to call back. When I called back, I was told the same thing.