I am working on my college assignment, when I take a break and check my cell phone. I received not one but three calls from PCS ( a collection agency) and they left one message urging me to contact a Thomas Williams about an overdue payday advance. I returned his call many times to try to explain that I never received a payday advance loan of any sort. He first claimed it was done in May of 2010 and again in August of 2011. He had my social security number, my name and cell number, and my girlfriend's name.
When dealing with USACashAdvance.com’s network of lenders, loans can range from $100 to $1,000. Laws regarding the term limit of a loan will vary between states, but these limits tend to range between two weeks to two months. Although cash advance loans tend to have higher interest rates than usual loans, they are faster and don’t rely on credit scores to weed out individuals with poor credit. Therefore, almost anyone can benefit from payday loans, regardless of credit score history.
Paying bills on time is crucial to financial management, but what about paying yourself as part of that commitment? People who consider their future selves just as important as their monthly mortgage are more effective at building savings accounts. To build up your savings on a consistent basis, start "paying yourself first" by setting aside a certain amount each pay period for your savings account. Treat this account just like you would a recurring bill and, if possible, make it automatic. You can also download a tool like Digit, which reviews your spending and finds unused funds to transfer into an FDIC-insured savings account.
Many people have trouble paying back their cash advance loans, and rollover is common. In fact, 80 percent of cash advances are rolled over or followed by another loan within 14 days of the first.3 And far too often it doesn’t end there. The loan becomes due and borrowers still can’t pay back the lump sum they owe, so what do they do? They roll it over once more and the cycle starts again.
For instance, if a looming credit card or other loan payment is jeopardizing your ability to pay for basic expenses, see if you can work out a deal. “If you’re having trouble making your monthly payments, call your lender to ask for more time,” suggests Natasha Rachel Smith, consumer affairs expert at rebate website TopCashback. “You’d be surprised how willing they are to work with you on your payment schedule. … It pays to be transparent.”
Washington State residents only: If you are a victim of a collection scam or if you suspect illegal or fraudulent activity involving a financial product or service, please contact the Department of Financial Institutions at 1-877-RING-DFI (746-4334), or online at www.dfi.wa.gov. You may also wish to contact the state of Washington Office of the Attorney General at www.atg.wa.gov.
I contacted the FBI in my state closest to me and informed them. I also contacted the Federal Trade Commision and filed a report with them. If they keep calling you everyday, then you need to contact these agencies and also another thing I do is since I do not have a home phone anymore, I create a contact call "do not answer" and when I get one of these calls, I add the number to that contact.
If you received a loan from a lender or owed money to a business and someone other than the lender or business is now attempting to collect from you, the collection activity may be subject to the federal Fair Debt Collection Practices Act. If you receive a communication from a party claiming that a debt is owed, you can request a “written validation notice,” which must include the amount of the debt, the name of the creditor you owe, and your rights under the FDCPA. If you have questions regarding federal debt collection laws, you can contact the Federal Trade Commission at 1-877-FTC-HELP or online at www.ftc.gov.
All applications are submitted to our lenders for review and possible approval. Not all applications are accepted. Reasons for denial vary by lender and are not in the control of CashOne. Do not contact us for reasons for denial as we are unable to provide these. If approved, ask your lender any questions you may have about your terms and conditions. You are not obligated to accept any loan offered to you. We are not a lender.
Our online service is entirely free and works to find potential lenders in our network. Simply fill out and submit our secure online form. If we find a possible lender, you will be presented with the next steps to complete your loan request. If you are presented with a loan offer, you will have the option to review the terms of the loan, which you may approve or decline. We encourage you to always read the terms of your loan thoroughly before accepting them, no matter where you get your loan.
So I was desperate for money, applied to a bunch of places and they was one of the few that sent a text saying I was approved, along with a phone call. Heavy Indian accent. They said I had to do a verification process in order to receive my funds. The process was that, they deposited say 600 bucks in my account one evening. The next day I sent it (morning time). Long story short the check bounced and now I'm in the hole a little over 600 bucks. I called them back with no hopes of getting my money back, 'cause I realized I was a sucker who was scammed and probably not a whole lot to do about it. They tried to tell me they'd make it right by doing the process again, and saying once I did it, I'd have 6000 bucks deposited in my account. ** scammers. Don't be a fool like I was. Sometimes waiting and thinking about better options is better than being vulnerable and accepting w.e. comes.
Cash Advance® is not a lender and does not engage in debt collection practices. Your lenders' collection practices will be disclosed to you in the loan documents. If you are unsure of the collection practices used by a specific lender, we recommend that you discuss this issue with your lender directly. Cash Advance® makes reasonable efforts to only work with established, reputable lenders who pursue collections of past due accounts with fair conduct and in compliance with the provisions of the Fair Debt Collection Practices Act by the Federal Trade Commission.
As you can clearly notice, these criteria do not include high credit scores or any requirements for a security deposit, mortgaging your property or car. The reasons for such minimal requirements start with the legislative conditions for fast loans, where you are not required to have any collateral, or meet any other conditions not listed above. Such schemes allow people with limited financial means to obtain loans fast.
*Approval depends upon meeting legal, regulatory and underwriting requirements. If approved, online loans are funded the next business day. All times and dates are based on Eastern Standard Time (EST). Check `n Go and third party lenders may, at their discretion, verify application information by using national databases that may provide information from one or more national credit bureaus, and Check `n Go or third party lenders may take that into consideration in the approval process.
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Please Note: The material on this site is provided for informational purposes only and is not financial advice. Always consult p professional before making any financial decisions.