QLOOT VIP CASH

Date: Fri, 10/24/2008 - 10:27
Submitted by wendylynn93 on Fri, 10/24/2008 - 10:27
Posts: 195
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has anyone heard of this company?


You may go through the following pdls: -
Letter from VIP Cash-QLoot Lawyer

QLoot/VIP Cash

VIP Cash has an Unsatisfactory report with BBB. Here are some detailed contact information of the company: -
Quote:

Company Name: Vip Cash
Company Address: 1700 E. Desert Inn Rd. #207
Las Vegas, NV 89109
Phone Number: (702) 737-9500
Original Business Start Date: July 2000
Local Business Start Date: January 2001
Type of Entity: Corporation
Incorporated: 7/6/2000 in NV
Principal: Marino Primozic, Owner/Manager
BBB Accreditation Status: This company is not a BBB Accredited Business
Type of Business: Financial Services


Submitted by phoenix on Sat, 10/25/2008 - 01:02

phoenix

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these guys are crooks stay away from them


Submitted by on Thu, 01/29/2009 - 05:10

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Wish I had known this information prior to giving them all my personal information. But I haven't taken out the loan yet, so thank you for the heads up


Submitted by on Tue, 03/03/2009 - 10:12

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are they legal in Maryland can you send me a copy ot the letter cease/dsmissed


Submitted by on Mon, 06/22/2009 - 19:31

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Unfortunately, I am just seeing this string of emails about this company. I took out a 700.00 loan and have been charged on my account 300.00 for the last four months but I am still not paid in full. Any suggestions how I can be rid of them?


Submitted by donna_r on Mon, 06/22/2009 - 20:33

donna_r

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Quote:

Originally Posted by donna_r
Unfortunately, I am just seeing this string of emails about this company. I took out a 700.00 loan and have been charged on my account 300.00 for the last four months but I am still not paid in full. Any suggestions how I can be rid of them?



Problem is the payday loans have outrageous finance fees, and it states in their agreement that they will charge you this amount every payday until you pay the full about of your loan, plus the finance fee. some will reduce the finance fee as you pay down the principal, but every payday they will continue debiting that finance fee, 300, so, it's really hard to catch up, cause you have to pay the 300 plus the original 700 that you borrowed. The 300 they keep taking out is just the finance fee, and that is not going towards your loan at all. You have to call them at least 3 days before your debit date to tell them if you want to pay more than just the finance fee. So you would have to call on a tuesday before your friday debit. They will not call you. This is how these companies make their money. I've paid dearly for this type of thing. I've ended up paying triple or quadruple the amount of the original loan.


Submitted by on Fri, 07/16/2010 - 13:34

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The last statement is a true statement, which is always posted in a contract that is given to such a client who is in need. ALWAYS READ WHAT YOU ARE AGREEING TO! It's that simple people. They can also be very helpful. I got a loan for 300 to pay my power and gas bill and gave it back in a 14 day period of time. This is always stated if you ask the right questions when speaking with a representative.What is my finance charge? or What is the INTREST on this loan I'm about to take out? In short all I payed was 90 dollars, and my bills not being late. Just like with any loan or financing situation you get in: ALWAYS BORROW RESPONSIBLY!


Submitted by on Tue, 07/27/2010 - 20:24

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Quote:

Originally Posted by Anonymous
Problem is the payday loans have outrageous finance fees, and it states in their agreement that they will charge you this amount every payday until you pay the full about of your loan, plus the finance fee. some will reduce the finance fee as you pay down the principal, but every payday they will continue debiting that finance fee, 300, so, it's really hard to catch up, cause you have to pay the 300 plus the original 700 that you borrowed. The 300 they keep taking out is just the finance fee, and that is not going towards your loan at all. You have to call them at least 3 days before your debit date to tell them if you want to pay more than just the finance fee. So you would have to call on a tuesday before your friday debit. They will not call you. This is how these companies make their money. I've paid dearly for this type of thing. I've ended up paying triple or quadruple the amount of the original loan.

It doesn't matter what a payday lender's terms happen to be, if they aren't following the law they aren't entitled to collect on finance fees and interest.


Submitted by Shazzers on Tue, 07/27/2010 - 20:31

Shazzers

( Posts: 17344 | Credits: )


Quote:

Originally Posted by Anonymous
The last statement is a true statement, which is always posted in a contract that is given to such a client who is in need. ALWAYS READ WHAT YOU ARE AGREEING TO! It's that simple people. They can also be very helpful. I got a loan for 300 to pay my power and gas bill and gave it back in a 14 day period of time. This is always stated if you ask the right questions when speaking with a representative.What is my finance charge? or What is the INTREST on this loan I'm about to take out? In short all I payed was 90 dollars, and my bills not being late. Just like with any loan or financing situation you get in: ALWAYS BORROW RESPONSIBLY!

I REPEAT!
It doesn't matter what a payday lender's terms happen to be, if they aren't following the law they aren't entitled to collect on finance fees and interest.


Submitted by Shazzers on Tue, 07/27/2010 - 20:32

Shazzers

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Simple reply to this. DO YOUR HOMEWORK. It is true you can't trust everyone out there. As always though you have to give up the information in order to receive. Thats the nature of any company or corporation...... know who your giving it to.


Submitted by on Tue, 07/27/2010 - 21:35

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Quote:

Originally Posted by Anonymous
Simple reply to this. DO YOUR HOMEWORK. It is true you can't trust everyone out there. As always though you have to give up the information in order to receive. Thats the nature of any company or corporation...... know who your giving it to.

100 % agree !!


Submitted by Shazzers on Wed, 07/28/2010 - 04:58

Shazzers

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i once worked at qloot /vip cash and yes unfortunately they do have outrageous fees but you must understand that they provide loans to people with bad credit. Point being that they charge you a fee for their service same as any other company>
have a great day :)


Submitted by on Wed, 01/12/2011 - 09:51

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