- Report: #1532360
Complaint Review: Americash Loans - Rock Hill S.C.
Reported By:
Tonya Feimster -
Charlotte, N.C., United States
Submitted:
Updated:
-
Author Confirmed
Why?
Americash Loans
2186 Cherry Rd. Ste 108 Rock Hill, 29732 S.C., United States
Phone:
803-327-2800
Web:
https://www.americashloans.net
Categories:
Business Rating:
(0)
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Americash Loans Charging Astronomical Fees On $601.00 Loan, Missed Payment In October, Charging Another $659.00. Rock Hill, South Carolina
I took out a at Americash on 7/6/2023 $601 to be exact. I made my first payment and they applied a $25.00 payment on my account just because I placed a stop payment on my account. A customer can do what they want to, they didn't know if I was changing my bank account to another or anything. All becuase i initiated a stop ACH payment.
I missed a payment in August because I had an emergency come up with owing back taxes. So they had placed a payment of $285.70 note that was 2 payments. I called and they said they charge fees daily, however I kept paying my monthly payments. I am reading where I made a complaint to CFPB and i see the lies of what they tell them versus what they have told me. I called spoke to a Rep and she says when you late we charge a $100 a week fee. Who does this. This is when I started to investigate on my own and read numerous of reviews and complaints about their services and the outrageous fees they charge nd customers see no way out but to file BK or make various complaints.
Reading the results sent back from CFPB after filing a complaint telling them a Rep called and said after you make your final payment in June 31, 2024 you will be charged another $1000.00 because you still acruing interest on your late charge. When I called spoke to another Rep she indicated "oh you good." " I don't know why she called you." I didnt go for that shady crap. I made the complaint. They told CFPB my last payment would be in June which indicated that until April 30, 2024. I recieved a text message that says important information about your loan.
After logging in I was furious they got me owing another $130 until August 2024. I called another Rep says yes the interest accrues daily on your past due balance which is now $ you traveled ac155.00 until October then you will accure interest again making it another 6 months of payment. making it a total of $2,340 on a $601 dollar loan. Man I CAN'T no way. Im 62 with health issues galloping to the point I'm missing work due to blood-level and eyes filled with pressure from glaucoma. Which I know they don't care I did inform the Rep that in the State of NC you are prohibited to charge that kind of interest rate. He stated wellross the state line didn't you. "oh but you know it all, and he said have a good day and hung up.
1 Updates & Rebuttals
Irv
United StatesBoo Hoo!
#2Consumer Comment
Thu, May 02, 2024
YOU were LATE on a payment. Who was LATE? YOU WERE LATE. To get this loan, YOU would have signed a contract which showed the late fees and explained the extra interest YOU generated by being late. Those are the terms YOU agreed to, yet you come here crying and whining as if you had no idea of the CONSEQUENCES! Let me guess...still another example of LACK OF FINANCIAL COMMON SENSE because you didn't even READ what you were agreeing to BEFORE you agreed to it! This is a subprime deadbeat lender which you had to use because a bank with a much lower APR wouldn't touch you with a ten foot pole because YOU destroyed YOUR credit. Absolutely no rip off here. This is just another example of a deadbeat who just can't stand the consequences they caused by not paying on time!
