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500fastcash / Unauthorized charges

United States Review updated:
4.15
Contact information:

I applied with 500fastcash and was approved for a three hundred dollar loan. I agreed to pay back three hundred ninety dollars on my following pay period. 500fastcash has taken over eight hundred dollars out of my account since mid November without my consent and has ruined my account.

According to my Bank they cannot stop this illegal activity from these perpetrators until the money is removed from my account. The bank is charging me a heavy fine for each illegal withdraw that I inquire about.

Please, your immediate attention to this matter is beyond appreciated. I need help now.
Si
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Mo
  2nd of Sep, 2009
Agree Disagree 0 Votes
I was a victim of 500 fast cash dealings. On a $250.00 dollar loan I was paying a $75.00 service fee every two weeks. I spoke with there call center reps and she said that I would not have paid them in full until October. So, right then I knew this 500FastCash was a scam. Unfortunately, there was not too much I could do about the them taking the money out of my account becuase I allowed them too. Recently, I was fed up with this company so I called my bank and told them that I would like to stop payment on them. They stopped the service fees from being taken out of my account. Two weeks later, I check my account on line and see that 500FastCash used a check with my name on it, and no signature to withdraw an amount of $430.00.They wiped my entire bank account clean, on top of that I now have a negative balance. So, thats over a thousand dollars I lost dealing with a $250.00 loan from the A%% Holes. I cannot believe they can do people like this. When I think about how I got my self in this situation, I was so desperate at the time of the loan, that I never asked about interest rates, or fees at the beginning. 500FastCash should go down just like guys like Madoff, they are ruining the American peoples trust in Banks, and this country.
St
  22nd of Dec, 2009
Agree Disagree 0 Votes
Attorney General McGraw Continues His Success in Halting the Making and Collection of
Payday Loans in WV. $1.57Million in total relief to date.
When Attorney General Darrell McGraw directed his office to investigate the Internet payday lending industry in 2005, few
states had dared to assert their authority over the industry at that time. Notwithstanding the obvious hurdles, McGraw’s
investigations of dozens of Internet payday lenders and their collection agencies have been very successful, prompting other
states to enforce their laws regulating or prohibiting payday loans.
Today, Attorney General McGraw announced settlements with 17 more Internet payday lenders and 14 collection agencies,
bringing the total obtained from his investigation of Internet payday lending industry to $1.57 million in cash refunds and
cancelled debts for 6096 West Virginia consumers.
The latest settlements include three lenders owned by federally recognized Indian tribes who assert they are immune from suit
by states under the legal doctrine of “tribal sovereign immunity.” The settlements with the tribal corporations, Miami Nation
Enterprises and SFS, Inc., affiliated with the Santee Sioux Nation of Nebraska, and MTE Financial Services, affiliated with the
Modoc Tribe of Oklahoma, resulted in $128, 239.50 in cash refunds and cancelled debts for 946 West Virginia consumers. The
companies did business under numerous trade names, including:
Miami Nation Enterprises
d/b/a Ameriloan
d/b/a Cash Advance
d/b/a US Fast Cash
MTE Financial Services
d/b/a 1000PaydayCash.com
d/b/a 500 Fast Cash
d/b/a Nofaxingpaydayloan.com
SFS, Inc.
d/b/a Preferred Cash
Loans.com
d/b/a One Click Cas
Ca
  9th of May, 2011
Agree Disagree 0 Votes
500fastcash is a legalized form of robbery
Je
  20th of Nov, 2011
Agree Disagree 0 Votes
I have been dealing with 500 Fast Cash since July. Every month they take, at least, out of my account, $120.00, then 50. then 30. Never on the one day a moth we agreed to have my payments taken out. I took out a loan of $350.00, yet I have already paid twice+ that amount and my balance is over $700.00. I am alway minus in my account, and the $35. overdrat fees have killed me.
Can anyone tell me what to do next. Oh, I closed my accounts and re-opened new ones.
Thank you jenny
Ca
  6th of Dec, 2011
Agree Disagree 0 Votes
Do not use this company a complete scam. Did you know you get a interest charge every 2 weeks and it must be paid 3 days prior to your pay date...this means they, actually are looking for people that have bills and a schedule so they can take advantage of timing to rob you.
Ca
  6th of Dec, 2011
Agree Disagree 0 Votes
I live in oregon and i thought there were new laws put in place to stop these outragous fee.in oregon a 300 dollar loan on 30 days not 2 weeks costs just about 60 how does fast cash get 240 in 30 days on a 400 loan. Make sure to read the documentation. dont assume this company is looking out for your best interests.
De
  13th of Jan, 2012
Agree Disagree 0 Votes
i hag to close my bank accountve gotten a loan and they were suppose to take out 520 dollars december 15th they only took 120 and now today january 13 they took out another 120 dollars. by the time they take out the initial loan of $400 what will i have to pay? the charge was only 120 dollars on $400. i need to know what is going on or i'm going to close my bank account...this is debbie yeager
De
  13th of Jan, 2012
Agree Disagree 0 Votes
i haven't closed my account yet but if this keeps going like this i will.

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500 Fast Cash / Red Cedar Services Logo 500 Fast Cash / Red Cedar Services
Customer Service
Overall Satisfaction Rating

28 Reviews
515 G SE
Miami
OK
United States - 74354
+1 800 507 5859
+1 800 507 6041
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