Speedy Cash - I am being ripped off by this company took
3 comments
Took a loan out about 6 months ago for 650, presently I owe more than I borrowed. Making payments of 170 on avg.
Only 2 percent of that goes to principle.if you don't make more than that you are charged $5 a day interest until your next payment.essentially my payment only reduces my principle a few dollars a month and then I'm charged a $150 for a 30 day period.
Unless you can make considerably more than that you never get it down. It's a big ripe off.Trying to secure the money to pay the whole thing off.
Location: New Orleans, Louisiana
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This company is a rip off they take advantage of people that have fallen on hard time you get a 600 loan end up paying double amount back please read the contract before you sign it because they will not tell you what your interest is they make it sound good knowing that you need the money
Didn't you read/understand the terms of the loan when you got it? Of course it's a ripoff.
Payday loans are known for thees outrageous interest rates.
They rely on the fact that the people they deal with can't do math... Sorry, if you didn't understand when you took the loan, then you shouldn't have signed up for it.
Duh.