Extended Payment Plan - Cash Store
What is the name of the
Submitted by Sanders Patricia on Fri, 07/26/2019 - 06:53
They are lying. I don't know
They are lying. I don't know why. Since they are a member of CFSA, they are required to offer you the Extended Payment Plan where the interest will be frozen and you would have to pay the remaining amount.
The rule is this:
"To be a member of CFSA, a payday advance provider must abide by these practices. Among the Best Practices are requirements to display fees in large type on posters in all store locations and offer customers the option of an Extended Payment Plan, at no additional charge, if they cannot repay their loan when due. CFSA’s Best Practices ensure our member companies hold themselves to a higher standard of responsible service and help our customers make better financial decisions."
@sanderspatricia29 The Loan
@sanderspatricia29 The Loan Provider is called Cash Store (Cottonwood Financial is the parent I believe). And yes I believe they are legal under the CSO. They should be CFSA members as well, but I guess the storefront employees aren’t aware of this (or lying about it).
@Nick Jonas Yeah, you’re
@Nick Jonas Yeah, you’re definitely right about that. The Storefront people are polite but when I went to see them, they were looking at me like I was a mad man or something. And they obvious want more people in their “business” and said they’d offer me $100 cash back for each person I refer. I WILL NEVER RECOMMEND ANYONE FOR THIS NIGHTMARE.
Should I just call the corporate office and let them know the storefront employees aren’t complying with CFSA standards? I worry that corporate would just play the same game.....