07/18/08

Rapid Cash = Liars

by LisaLisaLV

Never, ever use a Rapid Cash!!!! They will withhold information from you. For example, if you cannot payback your loan, you have a RIGHT to enter into CFSA extended payment agreement. (You can do this once a year.) As long as you go in before the loan is due, you can sign for a CFSA extended payment agreement. They HAVE TO BY LAW "freeze" the loan and allow you to repay it in AT LEAST four equal payments without it acruing any INTEREST. And you don't have to make the first payment until your next payday!

THEY WON'T TELL YOU ABOUT THIS OPTION! They'll just let your loan default and then send you harrassing letters from their lawyers (which happened to me). If you get in trouble, go in BEFORE YOUR LOAN IS DUE and demand a CFSA Extended Payment Agreement. ANY payday loan center who is a part of the CFSA has to offer this option.

• Cons: Ridiculous Interest Fees