I just received another email from Nationwide Cash. I started a $600.00 loan in February and requested to pay this off starting two weeks after the loan was funded. I assumed that the notifications I received were just that, paying down principle. The emails stopped in late April. I received one today May 31st that another payment was being taken out. When I called I leanred that the principle was $80 less than the original amount and that the $162.5 being taken out every two weeks was actually interest and that my payoff was just starting at $50.00 every two weeks now. This amounts to loan sharking in its highest degree. When are State Attorney Generals and the the Federal Government going to start looking into this scam?

I applied for a $500 loan in January. Each pay period that automatically tool $150 dollars from my account. I understand that there would be an add'l 50.00 (200.00) for the last payment. Which I thought. The young lady I spoke with told me that if I wanted to pay the loan off or pay extra that I would have to call them. This is what I understand.

Nationwide took $150 four times and then took $200 on the 30th of March. I thought this was my last payment. I was surprised to check my account and find out that Nationwide took another payment of $185.00 from my account.

I called to find out what was going on and apparently because I didn't call on January 30th to pay off the loan, I am responsible for a lot of charges now. According to their customer service rep, I still owed an additional $450.00 in fees + $ the 185.00 they debited from my account. I told the rep to debit the other $450 and I was done with them. Nationwide debited $400, I guess he waived the $50 (Big Deal) I was absolutely, totally mad. This is total robbery. When I add it all up, I paid Nationwide $1, 385.00 to borrow $500.

I will never do this again. I feel like so stupid and victimized because I was having a hard time. They need to be reported for charging such fees to customer. I wanted everyone to know. Please don't request a payday loan from Naitionwide cash! The government should stop these places from robbing people who are having a difficult moment.

I asked my bank to put a stop payment on them, just in case they say I owe more.