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Cash Jar Scam
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I borrowed 1000.00 from this company and they have taken 900.00 from my account and tell me that my balance is still 1300.00. I told them by the time they take my 4th payment I would have already paid back the loan in full with them getting 200.00 extra! They said that is correct but they have interest fees and that is 300.00 every month with an extra 50.00 added that goes toward the principle of the loan. I made a point to tell them that by the time the loan gets paid off it will be almost 7000.00 paid to them on a 1000.00 loan. The response I got "I know m'am that's how it work." I informed them I will be speaking with a lawyer. Unfortunately, during these tough times, I needed the cash asap, and let my guard down.
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