Rapid Cash Management

I personally have never really heard of a legitimate creditor contacting you via email and not by phone...did you send them any bank information? Was this for a payday loan?

I would call the creditor immediately and see what the deal is so you can confirm if this was a real arrangement or some kind of scam.

it was for a payday loan and I did not give them any sort of banking information nor did i authorize any sort of withdrawl. I told them that I wanted to know where to send the payments and to send me back an address where I could send them.

Can you tell us a little bit about your loan?

Which state are you in? Which company did you borrow from? How much have you paid already? What was the original loan amount?

I'm sure someone will come along with the laws in your state as well as some guidelines you may not be aware of when dealing with these companies :)

Also, if you type the name of the company you're dealing with into the search function...I can almost guarentee you there are other posts listed regarding the same company.

I am curious, what is the name of this PDL comapny? :)

It was with Rapid Cash Management and I live in Texas. the original amount was $275.

How much have you already paid on this loan...I've noticed from reading other stories that people have paid well above what they were supposed to because of illegal interest rates, etc.

This company is illegal, you may be interested in reading about them at the link below.
http://www.debtconsolidationcare.com/paydayloan/fixed-agreement.html
Here is an address I obtained for them on the thread:
Rapid Cash Management

928 High Rd
London
N12 9RW

1800-266-8880
What this means is, you are only morally obligated to pay them back the principal amount borrowed! :)

If you borrowed $275.00, then that is all you need to pay back. If you plan to pay them through USPS, make sure you only send them money orders, whatever you do, don't send them a check from your personal account. :D

Oh and, I am moving this to the payday loan section, so it will receive more attention. :)

Be careful - There is a Rapid Cash that is legal in Texas.

There are 3 or 4 pdl companies that go by Rapid Cash . . . Make sure you know which one you are dealing with.

I didn't know that Goudah, I was basing my post on what I read in the quote below, I posted a link to that thread above. :?

Hmmmmm, I couldn't find a Rapid Cash Management that is licensed in Texas. :?

ok therefore should I not send them anything?I'm a little confused, what will happen next in the collection process if they are not legal?

I'm not sure Nicole, let's just see what Goudah's advice is, I couldn't find a license for them, but Goudah says there is a licensed Rapid Cash in Texas, so I would rather wait for you to see what she says about this matter. :D

Sorry - Registered CSO of Rapid Cash in Texas . . . . In Texas almost all the pdl's are actually CSO's so they wouldn't need a license, only registration with the Sec of State.

Rybera Enterprises, LLC d.b.a. Rapid Cash # 32

Address: 1219 S Jefferson, Mt. Pleasant, TX 75455
1219 S Jefferson
Mt. Pleasant, TX 75455
File Number: 20070115
Status: Initial Registration
Expires: 1/25/2009
Account Bond: 3337944
Surety Company: SURETEC INS CO

This doesn't mean it's the same Rapid Cash you are dealing with - It just means you should check and make sure to know which one it is.

The one that I am dealing with is out on London not texas, it is exactly the way that other people have talked about. asking me to fax to some 305 number and send it to london

hi i have a loan with this company Rapid Cash Management. they told me they were from London and they called my job, but im confused i borrowed 200 they charge my acct last payday for 89 so do i pay just the 200 or what should i do i have already place a block on my account.

hi i have a loan with this company Rapid Cash Management. they told me they were from London and they called my job, but im confused i borrowed 200 they charge my acct last payday for 89 so do i pay just the 200 or what should i do i have already place a block on my account.

hi i have a loan with this company Rapid Cash Management. they told me they were from London and they called my job, but im confused i borrowed 200 they charge my acct last payday for 89 so do i pay just the 200 or what should i do i have already place a block on my account.

I have had BIG problems with this! If I borrow $200 they will continue taking "extensions" out for up to $80 per payday until you pay the $200!!! I have paid one company $840 because I had surgery and still owed them the $200 bucks! How can we get them to stop calling my job for stuff? Is that legal?!?!? And what if I get fired for that? HELP