Speedy Cash Holdings Payday Loan Complaint

Payment to acct not credited

Speedy Cash Holdings Payday loan department,

Payment to acct not credited New Mexico

During a financial emergency I sought a fast pay day loan online and received - through a - recommended partner called Speedy Cash. Tried to make on time payments and pay the loan off multiple times by online payment and contacting them by phone. The website and the employees on the phone would inform me, every single time, that my card was declining. I called my bank they said there was enough money in my account, everything looked good on their end and that the card should not be declining. I continuously acquired the enormous interest fees even though I was actively trying to make payments. My balance kept rising, and they took payments out of my account at random times but they would only take the minimum amount so I would keep acquiring large interest fees. It was a long struggle to pay them off and to get them to stop taking payments whenever they wanted. I finally gave up and opened a new bank account. This loan will now likely reflect a negative credit record. It seemed very odd to me and I have determined that it might be a scam.

Speedy Cash Holdings customer in New Mexico
Jun 02, 2015

* Source: CFPB Complaint Database

Speedy Cash Holdings response to complaint:
Closed with explanation

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