I have placed a complaint with the Ministry of Consumer services.Cash X is currently not licensed as a payday lender or loan broker in Ontario. This matter is being looked into. This company is a rip off. Watch Out. They turn 1 pay day loan into 5 all under different company names. Some of the companys they use are FAXLESSPAYDAYLOAN, EZCASHNOW. They didn't answer my e-mails concerning unauthorized payments going through my account, or how a small pay day loan turned out to be 1150.00. In order to pay this off they wanted me to pay 600.00 a month for 3 months. There's something wrong with tis picture. Please voice your complaint where ever you can. Stay away from CASHX .Remember Cash X is currently not licensed as a payday lender or loan broker in Ontario.
Share this message with as many people as you can. Lets get the word out. I have met otheres who delt with CashX and didn;'t even no they were being charged for more than 1 loan.
I had personal loans taken out with this company. After making payment arrangements with them on existing loans of $400 they did not honor the payment arrangements and debited my bank account for the entire loan costs without notification. I changed bank accounts and they accessed my new bank account without my giving them my new account number. I also have sent them several emails requesting that they provide me with an account number so I can make payments directly to them from my end but no response. I had a lawyer look at their contracts and they are illegally charging fees like administrative costs, brokerage fees and locator fees far above the manadated allowed within canadian law for payday loans. In fact, my loans of $400 is being charged over 1000% interest!! I do not have a problem paying this company what I owe but I am sure as hell not going to be paying illegally charged fees. This company head office is based in the Cayman Islands as an added note and I think that is how they get away with these charges because Canadian Law cannot touch them. Well, I am one consumer who is not going to back down to their tactics. Until they actually contact me with a reasonable proposal I am not going to give them anymore of my money!!!