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Rapid Cash Management is based outside USA – are they legal?

Date: Tue, 09/18/2007 - 13:25

Submitted by mycandykiss
on Tue, 09/18/2007 - 13:25

Posts: 38 Credits: [Donate]

Total Replies: 124


Anyone know anything about Rapid Cash Management? $200 loan for $89 processing fee. No written contract only verbal agreement over phone. Does anyone have any address or experience with this firm - Said they were out of London and governed by UK laws...whatever that means.


I filed a complaint with the AG's office here in Texas about Rapid Cash Management. I had put a stop payment on them and have not heard a word from them since. For awhile they were calling me everyday, but I would only repond through e-mail and they refused to communicate with me that way so I just continued to ignore their calls. Been over a month since I have heard a word from them.


lrhall41

Submitted by soxfan_72 on Wed, 03/26/2008 - 08:34

( Posts: 34 | Credits: )


I agreed to a loan via telephone also, for $300 and an $89 finance charge. The funds posted the next day. It was a bit scary but I had no other resources. I haven't paid off the loan yet so they are still debiting my account for $89. Had no idea this was illegal. I've discovered a lot of information here, thanx.


lrhall41

Submitted by on Wed, 04/09/2008 - 08:59

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I had a loan with them! And it is rediculus the 89$ fee! For 200$! But I needed the money and that'sa why i took it! But apart from that nothing else is illigal! They keep charging you untill you pay the 200$! If you pay them they want keep charging you! Its better to pay them than close your account! Because closing your account that's illigal! And the verbal agrrement its a contarct! A proper contract! And that why they asking you at first if you have a problem being recorded it! It is really stupid to close your account and go away! Even the US banks have start giving PDL!DO you think that they also are illegal! People don't take the loan! But if you do! Pay it off!or else they will keep charging you until you do!


lrhall41

Submitted by on Fri, 05/16/2008 - 06:12

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I am not saying that closing your account is illegal! What I am saying is! do you think by avoiding your dept is going to create more problems! Do you think other bank are going to let you have unlimited ACH if you didn't take care of it the first time! Or do you thihnk that these companies are just 10 people in a small office that are trying to sell and then dissappear? They have staff, they lawyers that they have advice them what to do and what is illegal and what is not!


lrhall41

Submitted by on Fri, 05/16/2008 - 06:23

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None of the people that have actually wrote in this forum done anything! They just made a complain and closed their accounts! None of them took any legal action against them! They are in england! its too far to take any legal actions because its going to cost a lot! And also US and Engalnd have an open market agreement!


lrhall41

Submitted by on Fri, 05/16/2008 - 06:28

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please X,this place is illegal in the extreme.first verbal contracts don't hold weight.second it is up to this illegal loan company to know the state laws of the borrower.i think you are one of those 10.so what do you think of that?


lrhall41

Submitted by paulmergel on Fri, 05/16/2008 - 06:29

( Posts: 15514 | Credits: )


So can I ask both of you; DId any of the people in this forum got back their money? Did anybody in this forum got a compensation? Something!I mean you have the adress you have the telephone! Name of the company! Did anybody did something and had a result?
Anybody?


lrhall41

Submitted by on Fri, 05/16/2008 - 06:39

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first use proper english pal,then i will answer your query.


lrhall41

Submitted by paulmergel on Fri, 05/16/2008 - 06:42

( Posts: 15514 | Credits: )


yeah i guess,but you are just a shill,nothing more.the PDL indusrty is crumbling and you like nero who fiddled while rome burned just have to get your digs in.very well,i am through with you shill.


lrhall41

Submitted by paulmergel on Fri, 05/16/2008 - 06:46

( Posts: 15514 | Credits: )


The PDL industry is crumbling because there are people you don't think before they act! These companys don't force you to buy their products! And they also explain the complications! And you find responsible to get the product and then dissapear or try and find an excuse? If the PDL are illegal and people new from the start why did they take the money?


lrhall41

Submitted by on Fri, 05/16/2008 - 06:51

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(My keyboard has issues)
The PDL industry is crumbling because there are people that don't think before they act! These companies don't force you to buy their products! And they also explain the complications! And you find it responsible to get the product and then dissapear or try and find an excuse? If the PDL are illegal and people knew that from the start why did they took the money?


lrhall41

Submitted by on Fri, 05/16/2008 - 06:53

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The PDL industry is crumbling because there are people that don't think before they act! These companys don't force you to buy their products! And they also explain the complications! And you find it responsible to get the product and then dissapear or try and find an excuse? If the PDL are illegal and people knew it from the start why did they took the money?


lrhall41

Submitted by on Fri, 05/16/2008 - 06:55

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Xa...I am a responsible PDL customer...I have never been late and have owned up to my obligations...repaying. However, when it came time and I had some extra money to pay down the loan, i submitted to pay down over half the amount due..well before the 3 days notice needed. Shocking...only the finance fee was taken out. When contacted, they said they never received the fax. I kept the successful transmission sheet...I keep everything, forwarded it to them. No response..this has happened with 2 of the three payday loans I have had. They have shady business practices and know they are illegal. Yes, I took out the loans and have done my part to hold up my end...however, when they start pulling this crap it gets ridiculous...do you know how much time I have spent arguing with them...and I shouldn't have to. They called me a liar. I proved them wrong. Now they stop responding. Only after I researched did I find them illegal..as many people do. They should put that clause in their supposed contract then...by the way..we are illegal to loan in your state and charge 10 times the legal interest...and are so illegal we move often and change numbers...now if they put that in their contract...i never would've done a damn esignature that probably isnt even legal.


lrhall41

Submitted by toledoguy030 on Fri, 05/16/2008 - 07:09

( Posts: 120 | Credits: )


I want to then, what kind of obligations do you have in your life that allowed you to do that xa? Oh wow you are a great person for doing so. So does that make the rest of us that didn't know what companies are illigal and what one are not,dumb. Does that mean that the rest of the people that make the mistake of taking them out and just getting behind irresponsible people. The way I see it, yeah I made a mistake but I would rather put food on the table cloth my baby and pay my car note and deal with them last. People make mistakes and that does not make them bad and you shouldn't be makeing them feel even more horrible or doing so. This forum is to help people out and the only thing that you are doing critisizing them making them feel horrible. So don't sit there and brag about the way yeah you got your stuff together. If you are going to be here help the rest of out, don't brag about how you got it together and never make mistakes, instead give advice like the rest of these people are doing!!!!!!!


lrhall41

Submitted by nicole.roman on Wed, 06/04/2008 - 13:24

( Posts: 37 | Credits: )


Take the money and run, I was a former employee of the organisation, if you think the loan service they provide is terrible, wait till you see how they treat their employees. The worst they'll do is call your employers, they certainly can take you to court, they dont have the means.


lrhall41

Submitted by on Sun, 07/06/2008 - 19:35

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Quote:

The PDL industry is crumbling because there are people that don't think before they act! These companys don't force you to buy their products! And they also explain the complications! And you find it responsible to get the product and then dissapear or try and find an excuse? If the PDL are illegal and people knew it from the start why did they took the money?


I don't understand why people point fingers if they don't know what they are talking about. These companies do not advertise that they break their own agreements, overcharge what the legal interest rate is, refuse to acknowledge when you try to pay off the principle, change the terms of the loan, and try to take more from your account than they are authorized to take. I for one, wouldn't be here now if I had known that they would break the law, or that they were breaking the law.

The fact of the matter is the PDL companies are preying on people who are in desperate need of financial help. People who are desperate don't do the necessary research to find out that these places are illegal, or that they will be swindled. The point is, if they followed the laws, and weren't trying to make a quick buck off of people who don't have it to begin with, then it would be a good temporary solution to money emergencies. I think for the most part, we here are all good people, we just got into bad situations, and now we're fighting back and the PDL companies don't like getting caught with their pants down (so to speak). Just my opinion... sorry to vent.
Jen


lrhall41

Submitted by jennifer_bailey75 on Mon, 07/07/2008 - 10:36

( Posts: 154 | Credits: )


i have a question if someone can contact me immediately.


lrhall41

Submitted by on Wed, 07/09/2008 - 06:16

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People who come in here defending these places are obviously ones who have a cash interest in that company. It's not about not paying your debt. It's about these companies preying on desperate people who have no other place to turn. Sometimes it is a matter of I HAVE to keep my electricity on so I HAVE to take out this loan. NOT knowing that the "fees" that are listed on their sites, or told to you will be recurring and the money that is debited does NOT go towards the principal. Do these people sound like someone who can afford fees of $500 and up? NO! These companies are sending spies here to bash those looking for help. They are getting scared that more and more people are getting educated on the laws and are finally starting to fight back. They are realizing that they have STOLEN hard earned money from people who really need it. And they are getting scared. I do not feel sorry for these companies who one by one, will eventually fall. Now, what will happen when PDL company A closes and the owner is cash strapped? Hmmm.. is he going to turn to PDL company B and finally get caught up himself? I sure as hell hope so!!! These are sad, pathetic people who I don't know how sleep at night or look at themselves in the mirror on their way to work....


lrhall41

Submitted by on Sat, 07/12/2008 - 07:26

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THEY LIE AND CALL THEMSELVES GLOBAL CALL CENTRES WHEN THEY ARE JUST OPERATING IN USA IN USA THEY ARE CALLED RAPID CASH MANGEMENT
RAPID CASH MANGENT
TO ALL PEOPLE IT IS LOCATED IN FINCHLEY PARK
ALSO KNOWN AS GLOBAL CALL CENTRE
HI THERE NUMBER IS 1800-266-8880
THEIR ADRESS IS
928 HIGH ROAD
FINCHLEY
LONDON
N12

THE ADRESS ABOVE IS CORRECT


lrhall41

Submitted by on Fri, 08/15/2008 - 10:09

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THEY LIE AND CALL THEMSELVES GLOBAL CALL CENTRES WHEN THEY ARE JUST OPERATING IN USA IN USA THEY ARE CALLED RAPID CASH MANGEMENT
RAPID CASH MANGENT
TO ALL PEOPLE IT IS LOCATED IN FINCHLEY PARK
ALSO KNOWN AS GLOBAL CALL CENTRE
HI THERE NUMBER IS 1800-266-8880
THEIR ADRESS IS
928 HIGH ROAD
FINCHLEY
LONDON
N12

THE ADRESS ABOVE IS CORRECT


lrhall41

Submitted by on Fri, 08/15/2008 - 10:09

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Rapid Cash Management

NEAR FINHCLEY PARK A BIG MULTI STOREY BULDING SMALL BUILDING PRESS 2ND FLOOR BUTTON

THE COMPANY REFER TO THEMSELVES AS Global Call centres
in UK not rapid cash management

How to get to the company any bus going towards high barnet and a bus stop will take you outside building

928 High Rd
London
N12 9RW

1800-266-8880

email me [email]pushingurluck@yahoo.com[/email]


I know all about this comapn and its tricks as i know people who were their


lrhall41

Submitted by on Sat, 08/16/2008 - 09:28

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Rapid Cash Management

NEAR FINHCLEY PARK A BIG MULTI STOREY BULDING SMALL BUILDING PRESS 2ND FLOOR BUTTON

THE COMPANY REFER TO THEMSELVES AS Global Call centres
in UK not rapid cash management

How to get to the company any bus going towards high barnet and a bus stop will take you outside building

928 High Rd
London
N12 9RW

1800-266-8880

email me [email]pushingurluck@yahoo.com[/email]


lrhall41

Submitted by on Sat, 08/16/2008 - 09:29

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i also got a loan through this company, it was stupid of me i supposed i didn't do any research on them, know that i rerad this i am actually very scared. i just got the loan two weeks ago and got the first finace fee debited from my account, i don't know what to do now, should i contact them? o the bank what should i do? help


lrhall41

Submitted by on Fri, 08/22/2008 - 06:10

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for everyone that had bad luck with this company i was able to find the phone number i got from the rep when i applied for the loan. hope its of some help.
800-266-8880


lrhall41

Submitted by on Fri, 08/22/2008 - 06:18

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I was due for a 89.00 payment to come out on August 29th. I checked my account & I seen where they deposited $200.00 on that day & then turned around & withdrew 289.00. I argued with them & they told me I was in the wrong. That they deposited the extra 200.00 because of some computer error, which didn't make sense. Then they said they only took out 89.00. Well after checking with my bank & going over statements they did take out the 289.00. I never did get them to admit that they were wrong. The lady told me that I still need to pay the 289.00 if I want the account paid off. According to my records by them taking out the 289.00 then my account would be closed. You can't work with them & the will not back down. Still having problems


lrhall41

Submitted by on Fri, 09/05/2008 - 14:07

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I used the same company to do a loan and now they're trying to take money back from me. I had attempted time and again to call them to schedule payment arrangements and got no return call - now it's up for review with their "legal team" and going to my HR manager. How do I deal with this? I cannot afford to pay it all up front. ($378) - if I could afford that all at once I wouldn't have needed the loan.


lrhall41

Submitted by on Fri, 09/26/2008 - 07:58

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:twisted: i got a loan for $200 on 8/21/08, and they started taking $89 out of my account EVERY week since then.. it is now up to $450 that they have taken.. and i have sent emails to the only email address they provide the info@rapidmanagement.. and of course there is no response. i am going to have to close my bank account out so they will stop debiting my account.. its ridiculous that they take people when they are down and out for granted! How are u supposed to make payments if you cant call anyone?


lrhall41

Submitted by on Tue, 10/07/2008 - 13:55

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they withdrew my $ the day before I got paid and caused me to make 7 bad debit transactions that cost me $33 a piece. Im bout to have it out with these people!!!


lrhall41

Submitted by on Mon, 11/10/2008 - 07:46

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we all know that they are in london.we don't however think like that.if you borrow you should pay back at least what was borrowed.you sound like CONMAN who i edited.sorry your stance will never be condoned here.nice grammar and spelling by the way.


lrhall41

Submitted by paulmergel on Thu, 11/20/2008 - 11:45

( Posts: 15514 | Credits: )


I wish I read this site before, well I did get a loan from them, and it seems everyone online start taking money from my account so my institution closed my account and opened another one, they deputed all the debits and so far I have received only half the funds back in the new account. I tried calling rapid cash management to pay them through western union or money gram and they won't give me the information I need to do so, I emailed them and nothing. So right now I am just waiting for them to call so I can send them the money but I will not give them my new account information.


lrhall41

Submitted by on Thu, 12/18/2008 - 08:20

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Being a former employee I would strongly suggest that you fax them or send some sort of written document sayin" I do not authorize you to debit my account for any amount" Mind you like Paul said, if you borrow you should pay back but within reason(Had a customer who paid 20 processing fees, once every 2 weeks!! thats $1780!! jeez). I do not know the fax number. But if you don't want your account to be debited just send a fax or letter. Don't email it's just a waste of time.


lrhall41

Submitted by on Mon, 02/09/2009 - 06:41

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