Cash AdvantEdge (Rent a Center) selling their loans to Cash Express

Posted in the Franklin Forum

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Really Angry

White House, TN

#1 Jan 10, 2011
I am so angry because I have a payday loan that was with Cash AdvantEdge at Rent a Center and I got a call a few days ago telling me that my loan was now with Cash Express. They won't let me do the loan anymore because I don't have a checking account. So I have 2 days to pay off my loan with them which is around $400. Is anyone else dealing with this changeover right now? If so, how are you handling it? I am just angry because I was not notified in advance and now I am in a bind to get this taken care of.
Tasha

Grandview, TX

#2 Feb 18, 2011
I have paided off my loan in full with cash advantage(rentacenter) two weeks ago. Now the new company took over and debit my account for the amount I paid off.....Im so pissed off. Rent a center says they cant do anyhing and the new company says rent a center has to pay me back.. Sorry i dont have any advise just as mad as you are...
COMMON SENSE

Barnesville, OH

#3 Feb 18, 2011
here's advice for ya, Don't mess with those pay check places! stay don't go into debt with anyone!
unless it's with a mortgage company.

Cut up any credit cards you have, if you can't pay cash for that neato cool gadget you don't need it!

This isn't rocket science people!

get rid of that cell phone gheesh go without internet or cable.

get a bank account! they don't charge to cash your check! can't get a checking account? see if you can get a savings account, still free check cashing

Poster #1: they're not going to come break your knees caps, just pay when you have the money

Poster #2 I dunno what to tell you, keep your payment receipts, get a lawyer if you can or try to defend yourself IF they take you to court.

all of these check cashing places need to be shut down across the country, they cause more harm than good! Banks should be forced to revise their payroll check cashing policies! employers should be made to bank locally!

I feel better, I hope you two make it through
Friend

Bowling Green, KY

#4 Feb 18, 2011
Go to county Attorney and tell him what is going on. You can also call Better Business Bureau. They can't debt your account without your permission. Go to bank and tell them it was fraud and they will investigate.

You can also report it to State Attorney General on website your complaint and they will investigate.

Send them a letter, fight for your right. It is collection laws they are breaking
To common sense

White House, TN

#5 Feb 19, 2011
Sometimes people get in a crunch have no other choice than to "sign away their life", aka do a check advance. I completely agree with everything you said but you never know what someone is going through. Maybe they needed it to feed their kids or keep their utilities from being shutoff. I think these check advance places need to be outlawed. Once you get one, it is a neverending cycle. Since you paid with a debit card, contact your bank and report a fradulant charge and most banks will credit your card back for it. Good Luck
wtf

White House, TN

#6 Feb 20, 2011
I have an idea for all of you that are dealing with this situation! Do not give them any money! The only thing they will do is call you for the money! Don't pay them a dime! It's not your fault they screwed things up! I wouldn't pay them anything, if they didnt give me atleast a 30 day notice! They can't garnish your wages or anything. I promise. I have worked for a company like that before and they are not allowed to garnish your wages, the only thing they might do is call you or send you a letter in the mail.
can they do that

AOL

#7 Feb 24, 2011
my brother defaulted on a cash advantage loan that operated out of a rent a center, rent a center is now attempting to be the debt collector as if the loan was with them. Do they RAC run and operate the cash advance loan service. I have looked at his loan paper work and see nothing about being connected with rent a center. Just thinking what a racket rent a center really does have

Since: Nov 10

Location hidden

#8 Mar 4, 2011
Out of curiousity, what can these check places do to you if you don't pay. The government seems intent on closing them down.
Dixie

White House, TN

#10 Mar 8, 2011
All those check advance places thrive on people that is down on there luck! I think they should run them compleatly out of town and never allow to re-open any business of the sort. I know i have been down on my luck and thought plenty of times to stop and take up a loan,and i get to thinking to myself what a hardship that would be if i did that so much worse of a hardship then before so i just pass them up and pray to the good lord above to help me thru my crises and you better believe b/c i live by my faith God comes thru for me just ask it of him and you will recieve.
billy

Bowling Green, KY

#11 Mar 11, 2011
I wrote them a check in 2007 and they just now turned it over to a collection agency I told them it was paid off in full and now they are requesting documents stating that. Like I have the paper work from 2007.
your FACE

Alliance, OH

#12 Apr 9, 2011
The government has been trying to shut those places down for a while now, but they CAN'T. People need those places. I am thinking about opening one up either in BG or Franklin. By the sounds of this I would make a lot of money in Franklin. What do Yall say??
For Your Information

Calhoun, KY

#13 Apr 9, 2011
I work for a check advance place and we should NOT be closed down!! We are here for all the people who can't go to a bank or other financial institution and borrow money JUST to pay a bill!! These comments are absolutely ridiculous!! Unless you have been in a situation where u need a check advance, you have no right to say anything to those that have!! What I do helps people and we are meant to be a quick fix and we let our customers know that!!! I see people everyday come in with a load on their shoulders due to financial binds and I see them leave without that load and with relief!! So I am PROUD to work for a check advance business where I can help those in Need!!!

Since: Jan 11

Location hidden

#14 Apr 9, 2011
For Your Information wrote:
I work for a check advance
So you enjoy taking advantage of people when they're down on their luck. Well bully for you. The current Federal interest rate is about 4.9% whats yours? I'll bet it's way more than that. Here's your reality check for the day. Your company isn't there to help people, it's there to take advantage of a desperate soul who doesn't know what to do. How can you sleep at night working for someone like that? You should reflect on that. Have a nice day.
For Your Information

Calhoun, KY

#15 Apr 9, 2011
fat old and hairy wrote:
<quoted text>So you enjoy taking advantage of people when they're down on their luck. Well bully for you. The current Federal interest rate is about 4.9% whats yours? I'll bet it's way more than that. Here's your reality check for the day. Your company isn't there to help people, it's there to take advantage of a desperate soul who doesn't know what to do. How can you sleep at night working for someone like that? You should reflect on that. Have a nice day.
I don't need a reality check thank u very much!! I DO NOT take advantage of people!! If that is what u want to believe so be it but don't question my character by commenting this crap on here!! U don't know me like that!! Oh and btw just remember what you said when u have an unexpected bill come up and u need MY help because u can't get it anywhere else!! May God Bless You and I hope you have a wonderful week!!!:)

Since: Jan 11

Location hidden

#16 Apr 9, 2011
First of all, you nor any other loan shark facility will ever see me. I have, can, and will go without.
I can and will comment on anything I please on here, and your right, I don't know you, nor would I care to know you. Especially since you take pride into luring someone into a self destructive abyss.
What's your companies interest rate?
for payment plans how do you handle arrears? whats the rate go up to for arrears?
For Your Information

Carthage, TN

#17 Apr 9, 2011
fat old and hairy wrote:
First of all, you nor any other loan shark facility will ever see me. I have, can, and will go without.
I can and will comment on anything I please on here, and your right, I don't know you, nor would I care to know you. Especially since you take pride into luring someone into a self destructive abyss.
What's your companies interest rate?
for payment plans how do you handle arrears? whats the rate go up to for arrears?
You can believe what you want!!! I AM NOT A LOAN SHARK!!! We have the cheapest rates in town! I am glad that you will not have to use us but that doesn't mean you have to judge those that do!! Also since you obviously don't use this why are u commenting on something u know nothing about! My company does everything possible to help our clients pay off as soon as they can because we don't want to see people in it any longer than they have to be!! So get your facts straight before you say a word about our industry!!!

Since: Jan 11

Location hidden

#18 Apr 9, 2011
Your industry?! don't make me laugh!seen the Western Sky Ads on TV lately?

Barrow $2,600 minus a loan fee of $75.00 =$2,525
Payback on 36 months,$10.761.84
Interest rate, 139.34%

Barrow $1500.00 minus loan fee of $500.00 =$1000.00
Payback on 36 months,$7134.88
Interest rate, 199.98%

Source: http://www.westernsky.com/General/Rates.aspx

I've asked twice what your rates are and you've avoided the question there sharky
For Your Information

Carthage, TN

#19 Apr 9, 2011
fat old and hairy wrote:
Your industry?! don't make me laugh!seen the Western Sky Ads on TV lately?

Barrow $2,600 minus a loan fee of $75.00 =$2,525
Payback on 36 months,$10.761.84
Interest rate, 139.34%

Barrow $1500.00 minus loan fee of $500.00 =$1000.00
Payback on 36 months,$7134.88
Interest rate, 199.98%

Source: http://www.westernsky.com/General/Rates.aspx

I've asked twice what your rates are and you've avoided the question there sharky
We don't even loan out that much!! We charge $15 for every hundred up to $425! Like I said I am NOT a loan shark!! And I don't appreciate you calling me that!! Btw I sleep darn good at night and again I know what our company stands for and I am proud to work for the folks I do!! I am so blessed!! Later hater!!!!

Since: Jan 11

Location hidden

#20 Apr 9, 2011
pssst that's 15%. your right. Your not a loan shark, you're just a drone working for them. You have a job so good for you. You're just following orders.

Yes, I am a hater. A hater of those who take advantage of others. If you can't deal with that, well that's your problem.
While 15% isn't as obscene as my example, it's still to high for someone who's on the financial ropes. Yes, I realize some credit cards have a higher rate. But, I don't believe in credit cards either.
Now, what does your 15% go up to if someone is late?

no need to answer, I've already proven my point.
For Your Information

Carthage, TN

#21 Apr 9, 2011
fat old and hairy wrote:
pssst that's 15%. your right. Your not a loan shark, you're just a drone working for them. You have a job so good for you. You're just following orders.

Yes, I am a hater. A hater of those who take advantage of others. If you can't deal with that, well that's your problem.
While 15% isn't as obscene as my example, it's still to high for someone who's on the financial ropes. Yes, I realize some credit cards have a higher rate. But, I don't believe in credit cards either.
Now, what does your 15% go up to if someone is late?

no need to answer, I've already proven my point.
You didn't prove anything but that you like to argue with everything anyone says!! I have seen you numerous comments on different posts on here!
If someone is late it doesn't go up cause we send checks to bank!! And then if it comes back to us for some reason we ONLY charge the customer $5!! which I feel is good considering most everyone else charges up to $50 for a returned check!! So like I said not all check advance businesses are out to take advantage of people!!! So I have spoken my peace and defended the business that I am proud to work for!!! As I know most other companies do take advantage of people and it is sad but that doesn't mean all check advance businesses are bad! Just sayin'!!!

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