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 Posted: Fri Sep 02, 2005 11:54 pm Subject: i was told i was approved for a loan.......scam |
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i was told that i was approved for a payday loan from this place called, international fast cash and that all i needed to do was send them two most recent paycheck stubs from my job.i sent the information in and no one ever called me back so i made an effort to call them and when i did they yold me i didnt work enough hours and that i had to work full time hours just to get the money when i told them i worked part time hours anyway and they said i was approved,then when i call them to see if my loan goes through they say im not i mean i work part time hours and i also make commision but my paychecks are pretty good each week and i get paid every week and they still didnt approve me for a payday loan
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chmartinbaby06
Debt Samaritan
Joined: 30 Aug 2005
Posts: 392
Debtcc Points: 18632
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| Posted: Sat Sep 03, 2005 12:17 pm Subject: |
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You should be glad that you didn't get approved for a payday loan. Payday loans might be the easiest cash available but their financial charges and interest charges are sky high. Thus, if you default on a particular payday, the loan amount will never be the same again and it will keep roaring higher.
My opinion to you is that you should always try to keep yourself away from any exciting cash offers. They publicize with attraction but happen to be very dangerous.
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ben
Joined: 20 Jul 2005
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| Posted: Sun Sep 11, 2005 2:14 am Subject: Hi |
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I am kinda glad I didn't get the loan but god knows I do need the money!
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chmartinbaby06
Debt Samaritan
Joined: 30 Aug 2005
Posts: 392
Debtcc Points: 18632
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| Posted: Tue Sep 13, 2005 6:52 am Subject: |
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Totally agree with Ben. I wasn't approved for several myself, and now I'm very grateful for that!
There are better, more safe ways to get money than risking scams and a world of financial trouble!
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Lindsey
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Joined: 02 Aug 2005
Posts: 363
Debtcc Points: 14609
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| Posted: Tue Sep 13, 2005 7:22 am Subject: |
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The interest on these payday loans are high. You might be paying as much as $35 for every $100 borrowed. And if you tell them you get paid weekly, that's a high interest.
Not only that, some of these companies will attempt at taking the money back at 4AM on your payday.
I totally advise against the payday loans, but if you must..then tell them you're payday is the following business day (usually a Monday).
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Teleport
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Joined: 09 Aug 2005
Posts: 1485
Debtcc Points: 38847
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| Posted: Thu Sep 22, 2005 9:44 pm Subject: |
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Yes whatever you do stay away from the payday loans.I wish I had this board to come to before I got mine.I have gotten rid of one of my four payday loans,but they call me at work atlease once a week to try to get me to take another one from them,they even say they have a special offer,but before they can tell me this special offer,I say NO THANK YOU!!!!.I am bearly making ends meet right now,but I will never take out another payday loan.As it is now I must keep renewing the ones I still have,since my paycheck isnt enough to pay them off.Believe it from me,it is not worth the stress you will have wondering how in the world you are going to pay these off.Just say no to Payday loans!!!!!I realize now that I didnt need them in the first place,when my car broke down,I could have taken a bus ,when my kids needed new clothes,I could have purchased alot less,the list goes on and on,but the point is there are other options.After reading one after the other post from people in debt because of these loan sharks,I no longer feel alone in my debt agony,but I know it is my problem and no one can get me out of this mess but myself.Please try to be happy that you were not approved,it was a blessing,it may not feel like it now,but it was.
_________________
"No amount of time can erase the memory of a good cat, and no amount of masking tape can ever totally remove his fur from your couch." Leo Dworken
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twokidtwocat
Joined: 31 Jul 2005
Posts: 628
Debtcc Points: 37775
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| Posted: Fri Sep 23, 2005 11:03 am Subject: |
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| twokidtwocat wrote: | when my car broke down,I could have taken a bus ,when my kids needed new clothes,I could have purchased alot less,the list goes on and on,but the point is there are other options.
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Hope everyone could think in this way. If you analyze our demands carefully and try to fix some other feasible option, we can solve 50% of our financial problems by our own.
These loan companies try to make us excited by offering attractive schemes. We should not fall in their trap and think carefully before taking any decision.
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4ubryan
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Joined: 28 Apr 2005
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| Posted: Fri Sep 23, 2005 7:50 pm Subject: |
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Yes,
That is true and I would agree I would take the bus to save money but there is always consiquences of taking the bus because sometimes you miss the bus and other times your standing with no shelter but i have someone I pay gas money to every week!But I am staying away from payday loans because that may seem good at the time but then afterwards its not cause you get into debt!
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chmartinbaby06
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Joined: 30 Aug 2005
Posts: 392
Debtcc Points: 18632
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