Speedy Cash Holdings Payday Loan Complaint

Charged fees or interest I didn't expect

Speedy Cash Holdings Payday loan department,

Charged fees or interest I didn't expect California

I took out a loan from a - - Speedy Cash store -/-/-. I had been taking out payday loans at a different store and could not afford the payments. I figured that taking out the loan at Speedy Cash would help me pay off the other loan, but that was not the case. I borrowed $250.00 and paid $45.00 in fees. When I had to pay 2 weeks later, I was still in a hole and could not pay off the whole loan, so I renewed. I fell behind on my electric bill and had to continue taking out the loan. Eventually I was behind on my rent and event my gas bill because I continued to pay the fees to renew the loan. I felt trapped because I felt like I kept falling behind and could not stop renewing the loan. At one point Speedy Cash offered me a car title loan and it was tempting, but I was already being hurt by the loans I had and could n't take a loan that would hurt me even more. -/-/- I - and had to go on - after not working for 3 months. I was more behind


account. I knew it was going to affect my credit, but I had no other way out. A bit after that I began receiving calls and letters asking me to pay back what I owed. At - point I even received a letter telling my I qualified for another loan, which made no sense since they were actively trying to get me to pay my previous loan. -/-/- I owed Speedy Cash $310.00. Now, almost 2 years later, I continue to receive calls and letters asking for their money. The last I heard from Speedy Cash was last month, and I need help to get them to stop.

Speedy Cash Holdings customer in California
Oct 07, 2015

* Source: CFPB Complaint Database

Speedy Cash Holdings response to complaint:
Closed with explanation

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