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Beware of the loan companies doing scams

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PostPosted: Wed Sep 17, 2008 12:02 am Subject: A Better Loan Company

Hello, I am new to this board, and I was reading through these post about these companies that have tried to scam you and get you to send money before they will give you the loan. These companies and many other "traditional" payday loan companies are the reason that I started my company, Elite Cash Services. We offer loans from $100 - $899 for terms of 2 - 26 weeks. We have many different loan products available depending on what state that you reside in. We have:

Turnaround Loans: These loans are for $100 - $264 for terms of 2 - 4 weeks.
Short Term Installment Loans: These loans are for $300 - $499 for terms of 6 - 10 weeks.
Classic Installment Loans: These loans are for $500 - $699 for terms of 12 - 20 weeks.
Six Month Installment Loans: These loans are for $700 - $899 for terms of 22 - 26 weeks.

Elite Cash Services is licensed to do business in California and Colorado. We charge less than a "traditional" payday loan lender and we have more flexible payment options. With any of our installment loans the payment schedule will follow your paydays and will be much more affordable than trying to come up with the larger lump sum, like you would have to on a payday loan.

For example: In the state of California, a payday lender can make you a loan for $255.00 until your next paydate. For this loan they will charge you $45.00. You will repay $300 on your next paydate. With Elite Cash Services you can get an $899 loan for 26 weeks, the finance charge would be around $152.84 for the entire loan and if you are paid Semimonthly (i.e. 1st & 15) you would be looking at a payment around $80.84. You would make 13 payments over the 26 weeks, and be completely paid off. Also we have no pre-payment penalties, so you could even pay the loan off early, and save some money on the total finance charge. You would have to take out almost 3.5 payday loans to compare, and you would have to pay those off in 1/4 of the time.

Please feel free to come and look for yourselves and see if you feel that we would be a better option for your short term needs.

visit us at: elitecashservices.com (please copy and paste into your browser, I was unable to have it as a link for this post.)

or give us a call at: 1-866-384-5507.

Elite Cash Services is licensed by the Department of Corporations pursuant to the Deferred Deposit Transaction and Finance Lenders Laws of California. License numbers: 100-3651 and 603 F794
Elite Cash Services is also licensed by the Colorado Uniform Consumer Credit Code, pursuant to the Supervised Lenders Laws of Colorado. License Number: 989863

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PostPosted: Wed Sep 17, 2008 6:34 am Subject: reply

it doesn't matter jayson.advertising and/or soliciting is prohibited per TOS rules.licensed or not.
paulmergel
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PostPosted: Thu Sep 18, 2008 9:00 pm Subject: PLEASE BEWARE!!!

I wanted to add a company to your list. I lost over $1600 trying to get a loan from this "company". The "company is "LOAN SUPPORT SERVICES". I found them in my local newspaper in Brigantine, NJ. They are based in Canada and from what I found out through the BBB after I filed my claim, was that the company was supposed to have been out of business for at least six years and whomever I was associating with had been operating from their cell phone. I really took a beating trying to get my loan. All I wanted to do was try and get out of debt but it seems like no one is legitimate anymore. PLEASE BEWARE!
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