payday loan complaint

Payday Loan Complaint

Payday Loan Complaint

Payday loan online believe that the people who have good financial discipline will be survive an emergency financial in life. But before take a payday loans. We collect the borrower's complaint for your informations.

My dad paid over 2000 nd still owed 1476!!!

My dad is an elderly man. He was mislead you to thinking he was taking a 2000 loan and they would take 300.00 until loan was paid. He paid 300.00 first payment, 699.00 second payment, 679.00 3rd payment and 562.00 and somehow still owed 1476.00. He lost his house, his truck all because they gives a loan at 325 percent interest and makes off you just pay a certain amount until loan is paid. What they fail to tell you is it's impossible to pay off the loan. They never even told us they took the 562 and I paid the remainder of my dad's loan to save him from losing even more. Totally misleading and unacceptable to let people think they're helping when in fact they know there is zero way people can pay their debt pay at that interest rate! I want to know where all this extra money goes since my dad paid over 2000 nd still owed 1476!! I am so upset this is allowed!

The interest rate on these loans is EXTREMELY HIGH!

Don't be fooled! The interest rate on these loans is EXTREMELY HIGH! Your monthy payments are only 1/8 paying the balance! The rest is interest! So if your payment is $400, $50 goes to the $ you borrowed, $350 is the monthly interest. Highway robbery. Taking advantage of desperate people & leaving them in desperate situation for 12 months after that due to the payments. Then offer more $ at an even more ridiculous rate!

They took $233 out of my account.

It's funny how these "customers" are very happy with their experiences, but none of them talk about the interest. I had a $750 loan, which should have been paid back in the 4 months. They took $233.00 out of my account... $233 X 3 = %932, my loan is paid, but no, from a $750 loan, even after 4 payments my account was $1100, nah no way. And none of these "customers" talk about how you only get a $28-$30 increase when you need money, but they will take over $200 from your account.

Consumers should know one of the biggest complaints about online lenders is the over-deduction of funds from the consumers’ bank accounts.

Payday Loan Complaint
Now I’m not sure I will be able to keep my lights on.

I was lent $1,500 without understanding that my monthly payments would be almost one third the balance. I’m retired on a fixed income. My first payment was $391 which hurt but I made it. I ate tuna and ramen noodles. Then the second month my payment is $576. I called and tried to talk them into lower payments. But they didn’t care. Now I’m not sure I will be able to keep my lights on. They don’t care. I realised I am responsible for paying this back. I had just ask for help in lower payments.

RIP OFF is all I can say.

I applied for a $255 loan and they only deposited $187 into my account. I had to 3 way called my bank with them to confirm that they did not deposit $255. My bank confirmed that only $187 deposited. I offered to send them a bank statement to show the money they deposited but they refused to do any further action. RIP OFF is all I can say.

I would be charged $499 for processing fee.

I'm in debt up to my eyeballs and I guess they obtained my information from one of the loan places I applied for. Since they kept calling my phone I decided to answer and the representative talking real fast and in the end said to get a loan I would need to provide my username and password. When I didn't agree they advised that I would be charged $499 for processing fee!!!

Be careful to read before you sign any documents.

I got a loan with them once and it was perfect. No issues. But I decided to get another with them and they gave me a returning customer a interest rate of 865%!!! Be careful to read before you sign any documents. Paid 400 and my principal only reflects I’ve paid 60. On a loan of 600.

This complaint are some information that you must concern before take a payday loans. Debt is not wrong but you must discipline in a short-term or long-term debt. Payday loans may not be the best option but it's a great way to help you through the financial crisis in the future.

Important Disclosures. Please Read Carefully.

Persons facing serious financial difficulties should consider other alternatives or should seek out professional financial advice.

This website is not an offer to lend. Paydayloanonline.com is not a lender or lending partner and does not make loan or credit decisions. Paydayloanonline.com connects interested persons with a lender or lending partner from its network of approved lenders and lending partners. Paydayloanonline.com does not control and is not responsible for the actions or inactions of any lender or lending partner, is not an agent, representative or broker of any lender or lending partner, and does not endorse any lender or lending partner. Paydayloanonline.com receives compensation from its lenders and lending partners, often based on a ping-tree model similar to Google AdWords where the highest available bidder is connected to the consumer. Regardless, Paydayloanonline.com’s service is always free to you. In some cases, you may be given the option of obtaining a loan from a tribal lender. Tribal lenders are subject to tribal and certain federal laws while being immune from state law including usury caps. If you are connected to a tribal lender, please understand that the tribal lender’s rates and fees may be higher than state-licensed lenders. Additionally, tribal lenders may require you to agree to resolve any disputes in a tribal jurisdiction. You are urged to read and understand the terms of any loan offered by any lender, whether tribal or state-licensed, and to reject any particular loan offer that you cannot afford to repay or that includes terms that are not acceptable to you.

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By submitting your information via this website, you are authorizing Paydayloanonline.com and its partners to do a credit check, which may include verifying your social security number, driver license number or other identification, and a review of your creditworthiness. Credit checks are usually performed by one of the major credit bureaus such as Experian, Equifax and TransUnion, but also may include alternative credit bureaus such as Teletrack, DP Bureau or others. You also authorize Paydayloanonline.com to share your information and credit history with a network of approved lenders and lending partners.

Lender’s or Lending Partner’s Disclosure of Terms.

The lenders and lending partners you are connected to will provide documents that contain all fees and rate information pertaining to the loan being offered, including any potential fees for late-payments and the rules under which you may be allowed (if permitted by applicable law) to refinance, renew or rollover your loan. Loan fees and interest rates are determined solely by the lender or lending partner based on the lender’s or lending partner’s internal policies, underwriting criteria and applicable law. Paydayloanonline.com has no knowledge of or control over the loan terms offered by a lender and lending partner. You are urged to read and understand the terms of any loan offered by any lenders and lending partners and to reject any particular loan offer that you cannot afford to repay or that includes terms that are not acceptable to you.

Late Payments Hurt Your Credit Score

Please be aware that missing a payment or making a late payment can negatively impact your credit score. To protect yourself and your credit history, make sure you only accept loan terms that you can afford to repay. If you cannot make a payment on time, you should contact your lenders and lending partners immediately and discuss how to handle late payments.

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