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Business Profile

Loans

Fast Loan USA

This business is NOT BBB Accredited.

Find BBB Accredited Businesses in Loans.

About

About This Business

Between May- June 2014 BBB received complaints from consumers alleging Fast Loan USA charges up-front fees ranging from $100- $1400 as a “good faith deposit”.
BBB wrote to the business requesting background information and an explanation as to why an up-front fee is charged to receive a loan. Both letters were delivered; however, BBB has not received a response.

Better Business Bureau, along with the FTC, advises consumers to consider other possibilities before deciding on a loan:

- If you need credit, shop carefully. Consider a small loan from your credit union or a small loan company, an advance on pay from your employer, or a loan from family or friends.
- Ask your creditors for more time to pay your bills. Find out what they will charge for that service - as a late charge, an additional finance charge or a higher interest rate.
- Make a realistic budget, and figure your monthly and daily expenditures. Build some savings - even small deposits can help - to avoid borrowing for emergencies, unexpected expenses or other items.
- If you need help working out a debt repayment plan with creditors or developing a budget, contact your local consumer credit counseling service. There are non-profit groups that offer credit guidance to consumers for little or no cost.
- If you decide you must use a payday loan, borrow only as much as you can afford to pay with your next paycheck and still have enough funds to make it to the next payday.

Business Details

BBB File Opened:
5/23/2014
Business Management:
Mr. Ricky Johnson, Owner
Mr. Kevin Parker, Co-Owner

Additional Contact Information

Principal Contacts
Mr. Ricky Johnson, Owner
Customer Contacts
Mr. Ricky Johnson, Owner

Additional Information

Business Categories
Loans

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