Complaint Rating:

Company information:
One Click Cash
United States
www.oneclickcash.com

I understand that payday loan companies charge fees which are analogous to over several hundred percent interest. I have used such companies before because the cost of not having the money (late charges, etc...) was much greater. Other payday loan companies are more like businesses, whereas One Click Cash is a racket. Like most payday loan companies, One Click Cash loans emergency money if you need it before your next payday. When your next payday comes around, you either pay the lender the amount you borrowed plus interest or 'roll over' your loan and pay only the interest. Not how it works with One Click Cash.

If you want to 'roll over' and pay just the interest on your loan (the interest can be around 1/3 of the original loan amount), One Click Cash sets your payment date to be your next pay date. However, if you wish to pay off your loan in full, One Click Cash sets the due date to be one business day before your next pay date. When is a person most likely to have enough money to pay off a loan? Why on payday of course. When is a person least likely to have enough money to pay off a loan? Well that would be the day right before you are paid.

One Click Cash is not interested in you paying off your loan. They make it as difficult as they can for you to pay anything but interest. If you have a few hundred dollars on hand and you want to pay your principle and accrued interest before the day before you next payday, they say no. Stay away from this scam at all costs.