Speedy Cash Holdings Consumer Loan Complaint

Installment loan Problems when you are unable to pay

Speedy Cash Holdings Consumer Loan department,

Installment loan Problems when you are unable to pay Missouri

Hi, Wow, where do I start? I took out an installment loan with a company called Speedy Cash to pay for registration for a new car after my old one was totaled. I was in a bad way, in a difficult job not making a living wage, and had just borrowed money from family to buy the car. I really needed the money, so I took the best deal that I could find. Bad move. My credit is n't great ( though it 's light years better than it was even a year ago ), so my loan options are less awesome. Paying Speedy Cash is fairly straightforward, but my issue is with their ACH authorization. I now know that I never should have signed that document. I understand that I have the right to revoke authorization, but their agreement stipulates that if I revoke authorization they 'll attempt to withdraw the full amount due for the loan from by bank account via preauthorized draft. I would like to revoke ACH authorization and pay monthly on agreeable terms, but that provision makes revoking authorization impossible. I understand that I agreed to this and that there are consequences to that, but still, it seems that this is n't a great situation to be in. I do n't know if you folks can help me, but I sure hope so. --

Speedy Cash Holdings customer in Missouri
Dec 23, 2015

* Source: CFPB Complaint Database

Speedy Cash Holdings response to complaint:
Closed with explanation

Consumer disputes how Speedy Cash Holdings handled their complaint

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