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Posted: Sat Apr 28, 2007 3:41 am Subject: Should I ask for a refund? |
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Almost a month ago, I paid out Cash Central for the loan I made last year. You think that my woes with them would be over, but once again, they appear with some shocking news.
| Quote: | April 27, 2007
Dear Alexandra,
You are receiving this email because sometime in the past, you received a short-term loan from Cash Central. Your loan contract dated 0672006 disclosed an Annual Percentage Rate (apr) of 599.64% and needs clarification, as we recently discovered a minor clerical error occurred in calculating this APR. While the APR disclosure was accurate from the day you received funds for your loan, the correct APR should have been the day you executed your loan contract, or 524.69%.
Rest assured the error was simply a dating issue and no inaccurate charges were associated with your account. We have taken further measures to ensure this type of error does not occur in the future.
We apologize for any confusion this may have caused. We value you as a customer and look forward to assisting in your future financial needs.
Sincerely,
Cash Central
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Should I request a refund since I have paid them in full? After this disclosure, I am so mad.
_________________ The Best Way To Be Is Debt Free
and Alexandra is becoming free!
http://alexandra.yesdebtfree.org
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Alexandra
Debt Samaritan

Joined: 10 Aug 2006
Posts: 561
Debtcc Points: 9852
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Posted: Sat Apr 28, 2007 5:38 am Subject: |
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I absolutely would request a refund, especially since they told you they overchardge you!
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Sassnlucy
Moderator


Joined: 12 Mar 2007
Posts: 2620
Debtcc Points: 28250
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Posted: Sat Apr 28, 2007 6:15 am Subject: |
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I would ask for one. They admitted there was an error on their part and they over charged you, so I say go for it. It is one of those things if they had not said anything you would have never known but since they did, definitly ask for a refund and include a copy of what they sent you stating they over charged.
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2nband
Moderator

Joined: 30 Jan 2007
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Debtcc Points: 36296
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Posted: Sat Apr 28, 2007 10:34 am Subject: |
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Yes, ask for a refund. It sounds like they made the mistake so they should pay for it.
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CowampChicken

Joined: 20 Dec 2005
Posts: 3681
Debtcc Points: 36192
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