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 Posted: Thu Mar 13, 2008 11:36 am Subject: Could Not Believe What I Was Seeing
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I was looking up information for a member on My Cash Now's web site. I had paid a loan off to them and decided to use my log in to see if I could come up with additional information to help...While on there there is an advertisement for a Preferred Member Program. This is what it said...
| Quote: | The MyCashNow NEW Preferred Member Rewards Program
MyCashNow is now offering you yet another great way to save money on your loans!
Our NEW Preferred Member Rewards Program has been created to show our appreciation to you by making MyCashNow.com your payday loan source.
MyCashNow.com would like to thank all of our loyal customers by offering you the chance to receive additional discounts on our already low interest rates. Depending on how many loans you take out with MyCashNow.com, you can receive discounts of up to 30% off your current interest rate.
Here’s how Preferred Member Rewards Program works:
SILVER Member
Once you have taken out 5 loans with MyCashNow, you’ll qualify as a Silver member and be eligible to receive a 10% discount starting with your 6th loan!
GOLD Member
Once you have taken out 10 loans with MyCashNow, you’ll qualify as a Gold member and be eligible to receive a 20% discount starting with your 11th loan!
PLATINUM Member
Once you have taken out 15 loans with MyCashNow, you’ll qualify as a Platinum member and be eligible to receive a 30% discount starting with your 16th loan!
Take advantage of this special program and save on your next short term loan! Apply Now!
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I do not know why this shocked me, but it did...I had paid $1188 on a $500 loan....That was $688 in fees, etc... multiply that by 5...$3440 in fees etc. for 5 loans..and then on the 6th, I would get a wopping 10% discount....OMG...You do not say, woohoo...what a great deal..for that matter let me go the whole 10 loans and get a 20% discount on the 11th...HOw awsome for me....NOT!!!!
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In life it doesn't matter
how hard you hit, it matters
how hard you get hit
and keep moving forward.
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RoxyNY
Moderator
Joined: 03 Aug 2007
Posts: 4091
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Posted: Thu Mar 13, 2008 11:39 am Subject: reply
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that seems to be the latest scam by pdls to either get info,or reel you back in if you are pif.i got one of those e mails from usfastcash yesterday evening.unbelievable. 
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paulmergel
Debt Samaritan
Joined: 24 Jun 2007
Posts: 2832
Debtcc Points: 10492
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Posted: Thu Mar 13, 2008 12:10 pm Subject:
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They're absolutely shameless, aren't they? After I'd closed out my checking account and told the PDL's to contact our State office of Financial regulation, I got some e-mails offering me "great rates" on NEW PDL's. And all they needed was my new checking account information. Oh yeah, RIGHT!!! 
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Pachacutec
Guest
Debtcc Points: 100
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Posted: Thu Mar 13, 2008 12:11 pm Subject: interesting
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Seems to amaze me that still to this day email me offers all the time...but I am sure that it's an automatic thing anyway....there are so many everyday still that by the time i open all of them up and respond to get off of their list it would take days..
so it's just easier to empty spam folder....
they are so trying to reel you in.....
share a lil story; i was at a store yesterday and there were several people in a pdl storefront and i wanted so badly to go in there and tell those people to stop and run run away...giggle giggle...
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purplegirl69
Joined: 26 Feb 2008
Posts: 251
Debtcc Points: 3475
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Posted: Thu Mar 13, 2008 12:13 pm Subject:
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A lot of them are doing that now . . . Trying to encourage repeat borrowing . . . .
Yet at the same time, they try to tell regulators and government that they don't encourage repeat borrowing! 
_________________
How I make some extra cash
I earn at least $20 extra every month doing offers. And you don't have to pay a cent.
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goudah2424
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Joined: 31 Oct 2006
Posts: 8007
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Posted: Thu Mar 13, 2008 12:27 pm Subject: Question
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Just out of curiosity; is there a lot of pdl's coming out to this site and read all of this? What do you think they do with the information? help fight against us?? Just curious.
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purplegirl69
Joined: 26 Feb 2008
Posts: 251
Debtcc Points: 3475
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Posted: Thu Mar 13, 2008 12:29 pm Subject:
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Purplegirl69, perhaps there should be a sign posted out front of the storefront PDl's, something like, "For the REAL PDL story, visit debtconsolidationcare.com!"
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Pachacutec
Guest
Debtcc Points: 100
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Posted: Thu Mar 13, 2008 12:32 pm Subject:
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I've been getting letters every couple of weeks from CashnetUSA with these awesome deals as well. Only 5 loans and I save 10%!!!! They even sent me a nifty magnet for my refigerator, in fact that might help me lose weight as I get sick every time I see it.
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cuestarey
Joined: 22 Feb 2008
Posts: 27
Debtcc Points: 865
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Posted: Thu Mar 13, 2008 12:34 pm Subject: reply
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thats not really true purple,take your handle for example.your name really isn't purple right?all of us use offshoots of our name or handles.this is a common tactic of ipdl's i'm afraid.it is there way to get repeat loans from people who have pif's with them,or accounts in dispute like ours.
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paulmergel
Debt Samaritan
Joined: 24 Jun 2007
Posts: 2832
Debtcc Points: 10492
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Posted: Thu Mar 13, 2008 1:13 pm Subject: really..
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well, purple is my favorite color........my handle...
just wondered......wow, but as we know it, there is someone at this very second getting a loan and having no clue at all...
I think i will make flyers with this website on it and stand out by a storefront and hand them out.........and it's free...ha ha...
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purplegirl69
Joined: 26 Feb 2008
Posts: 251
Debtcc Points: 3475
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Posted: Thu Mar 13, 2008 1:23 pm Subject: reply
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i'm in,i will hang out at all credit lenders,and usa payday loans.in my state illinois. 
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paulmergel
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Joined: 24 Jun 2007
Posts: 2832
Debtcc Points: 10492
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Posted: Thu Mar 13, 2008 7:42 pm Subject:
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I get loan offers all the time. I was very apalled at how this was advertised as such a great thing. And then I started thinking about what the cost would be in the long run and started feeling ill.
_________________
In life it doesn't matter
how hard you hit, it matters
how hard you get hit
and keep moving forward.
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RoxyNY
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Joined: 03 Aug 2007
Posts: 4091
Debtcc Points: 11649
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Posted: Thu Mar 13, 2008 7:44 pm Subject:
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Ok, instead of charging you 800 percent interest, we're going to be great guys and charge you just 780 percent!!!! WOW, THANKS, guys!!!!!!! Geez, let me wash off the STUPID written on my forehead....
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kscornell
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Joined: 22 Jul 2006
Posts: 3576
Debtcc Points: 32678
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Posted: Thu Mar 13, 2008 7:46 pm Subject:
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LMAO!!! You said it waaayyy better than I did 
_________________
In life it doesn't matter
how hard you hit, it matters
how hard you get hit
and keep moving forward.
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RoxyNY
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Joined: 03 Aug 2007
Posts: 4091
Debtcc Points: 11649
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Posted: Thu Mar 13, 2008 7:51 pm Subject:
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WHAT???? Do they think they are friggin Triple A or something? Gold member? Huh??? 15 loans??? WTF!!!  Why don't they just post on there - Let us rape your checking account! You'll get a magnet for it! Holy crap!
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cannr
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Posts: 9375
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Posted: Thu Mar 13, 2008 7:55 pm Subject:
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Nah, I'd hold out for a toaster!!! Hey, they think they're bankers, that's what you used to get in the bank!!
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kscornell
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Posts: 3576
Debtcc Points: 32678
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