Payday Loans Uncovered - United Cash Loans

United Cash Loans

The same type of fraud that has terrorized investors now plagues the internet as well. Applications for cash loans should be simple. Under normal procedure, you apply for a loan and are required to provide the company with certain basic information. Once your loan is approved, you are wired the money. The amount borrowed usually appears in your bank account within 24 hours of approval. On payday, or in 14 days, you are expected to pay the amount borrowed plus interest. Most lenders, like United Cash Loans, will withdraw the money from you account on the date agreed upon. Unfortunately, some customers have fallen victim to this procedure. United Cash Loans is accused of over withdrawing money from customer accounts without their approval. United Cash Loans does not have legal permission to withdraw anything other than the amount owed to them.

Below is an account of a customer who claims United Cash Loans practices fraudulent procedures. (Account collected by ripoffreport.com )

"I WENT ON ONLINE AND SEARCHED THE INTERNET FOR INSTANT LOANS AND "UNITED CASH LOANS" WAS ONE OF THE COMPANIES I WAS ABLE TO BORROW $300.OO MEASLEY DOLLARS. I FIGURED I WOULD BE ABLE TO PAY IT OFF NO PROBLEM. I STARTED TO GET INVOICES RIGHT AWAY AFTER I BORROWED MONEY..... UNITED CASH LOANS WAS TAKING $90.00 OUT OF MY CHECKING ACCOUNT EVERY TWO WEEKS ACCORDING TO MY PAY PERIODS FROM WORK.....

ON OCTOBER 13TH I FAXED THE 3 DAY NOTICE TO PAY OFF MY ACCOUNT THE BALANCE WAS $195.00 THEY TOOK A $150 AND $ 45 OUT FOR A TOTAL OF $195.00 FROM MY ACCOUNT. I TRIED TO CALL THE COMPANY, BUT THEIR PHONE # IS NOT LISTED ANYWHERE ON THE WEBSITE. MY ACCOUNT IS SHOWING AS ACTIVE AND I CANNOT GET HOLD OF ANYBODY TO SEE IF THEY ARE GOING TO WITHDRAW MORE MONEY FROM ME."

"I HAVE USED LOCAL AND ANOTHER PAYDAY LOAN PLACES IN A PINCH BUT "UNITED CASH LOANS" ARE THE WORST. MY $300.00 LOAN HAS COST ME OVER $600. I HAVE VERY GOOD LUCK AND I ALWAYS KNOW WHAT IS GOING ON WITH QUICKPAYDAY.COM AND THEY ONLY CHARGE $20 PER $100, PLUS YOU DO NOT GET AUTOMATUICALLY RENEWED, YOU HAVE TO GO THE WEBSITE OR CALL AND ASK TO PAY ONLY THE INTEREST.. ' "UNITED CASH LOANS" CHARGES $30 PER $100 AND KEEP RENEWING UNLESS YOU JUMP THROUGH THEIR HOOPS, 3 DAY BEFORE FAX. THIS COMPANY IS RUN BY THE LOWEST OF HUMANITY." Mark Mckeesport, Pennsylvania U.S.A.