BBB, Ameriloan, and 500fastcash

i never worked with those companies but i know there is not too much the BBB can do, it is up to you if you want to continue the fight, for me at one point i was just happy for the calls to just stop.

i also borrwoed from ameriloan and500 fast cash does this mean that i can't close my account and have to pay the outragious interest fees or just that they won't refund what was over paid?

What account are you talking about, your bank or your account with payday lenders. I borrowed $350, was supposed to pay back $455, paid $720, found out they were illegal, so have since been trying to get a refund of the overpayment. Bank account was closed, so no more money could be taken out. Once they received the C & D letter, I never heard from them again, no phone calls, no letters, I am the one contacting them for the refund. They asked me one time to call about my account, but I never did. It would end up in a battle.

That's a typical response from Ameriloan. They aren't licensed to lend so it makes no difference whatsoever how they respond, they must meet your terms, any threats they make or assumptions are meaningless. They have NO legal leg to stand on. I wouldn't argue with them, I would make your terms clear, they can take it or leave it.

Ameriloan, 500 Fast Cash, United Cash Loans are all the same company. And like Shazzers stated are all illegal. If you have paid back all the principal amounts borrowed.........tell them thats it! I doubt very seriously if you will ever get a refund from those idiots!

Make sure you secure your bank account! Hard debit block or close it. They are known for drafting funds in which they are not intitled to.

All principal amounts have been paid back, bank account has been closed. My bank worked very nicely with me. Returned monies to me. Actually no one has called in a month demanding money. I am the one that is trying to get Ameriloan to pay back the excess and they keep avoiding the issue. BBB will close the complaint, I'm sure.

Here is the latest from BBB re: my complaints. I am so sick and tired of hearing about "Tribal Immunity". How despicable(sp) can one get.

Thank you for your email regarding your complaint. I have reviewed your case and looked at the response given by this company. Regarding their response about a specific complaint, I am not sure what they mean. It would appear to me that you explained yourself very well. Unfortunately, this company does not have a good rating with the BBB. They are an Indian tribe and therefore have Tribal Immunity. You can go ahead and submit your response to this complaint. If the BBB ends up closing it as ???Unresolved???, which if you look at their Reliability Report, you can see we also have a history of this being the case, you may choose legal action if you would like. However, the BBB is not allowed to give legal advice.

If you have any further questions regarding this complaint, please feel free to email me back.



Sincerely,


Sorry to take so much time and space. and also name calling. Should not be done, but its so frustrating.

Have you tried filing with the FTC and your AG? The more complaints received on these type companies the better. Also, contact your states Division of Finance-Consumer Credit Regulator.

They have to follow some type of laws even though they are a Native American Tribe. Or they would be free to do whatever they wanted. Who do the offensive material removed. CA have to answer to?

i agree, the BBB cannot really do anything anyway but contact them.