If you are at this site then you must be looking for information on Splash Cash Advance. This mostly unknown tribal lender is much more quiet than the large scale operations run by other Native American loan companies like Great Plains Lending and Plain Green Loans. But that doesn't mean they should not be analyzed and researched just as much as the better known names in the industry.
Splash Cash Advance was one of the first companies that was ever reviewed by Native Loans and not much has changed from the original summation, which is that there are many other options which will have a better outcome for the average consumer looking for an unsecured loan.
Let's take a look at some Splash Cash Advance reviews to see if this is a lender we should consider for a new loan or if we should promptly move on to another option.
Below is the most popular and most descriptive review of Splash Cash Advance that I could find anywhere, the customer (just like most tribal payday loan customers) is not too thrilled with their experience, as they write...
I took out a payday loan in the amount of $500 and it wasn't long after that point when the trouble started. I had set up the loan so that the payments would be automatically deducted from my checking account, which is normal for these type of lenders. I lived in Pennsylvania during this time but I moved to another state not long after I took out the loan.
It turns out that payday loans are not legal in the state of Pennsylvania but I didn't realize that when I borrowed the money. That was no problem for Splash Cash Advance when it came time to issue the loan and to start taking the repayments out of my checking account. During the move I had forgotten that they were taking money out of my account and before it was all over they had taken almost $1,950 from my account.
I got really tired of technically repaying for a loan I had repaid about four times already so I called up the company and spoke to their customer service team. You have to love how they would just keep making withdrawals forever if I had not bothered to notice their actions. I let customer service know that I was really unhappy about the continued withdrawals from my account each and every pay period, month after month.
The guy I was talking to actually said he understood the problem and said he would help by closing the account for me. If that sounds too good to be true then you are right because of course it wouldn't be that simple.
Not long after that phone call someone in the company must have made a note that I refused to pay or had stopped paying because I started getting a bunch of collection calls. Remember I had a verbal agreement from a rep that this account was going to be closed, not that it was going to be marked as unpaid in their dumb database. Then I got some email messages about not paying and that I was in trouble, plus I got some snail mail letters that said I was delinquent.
The whole situation was crazy. I overpaid on the loan in the first place and then I got what appeared to be some good news about the situation, and then I was labeled as a collections account customer to be targeted by annoying messages that were all based on an untrue premise. Needless to say I became very sick of the entire situation. The $500 loan that I had qualified for in the first place was not worth the huge amount of trouble and high financial cost. This is just wrong on more than a few levels, and it really needs to end.
Alright, so that was quite a long review and it isn't a perfect example of how the company will treat you, but it does demonstrate some predictable and unwanted behavior. We should also say this is expected behavior, there were few surprises in the description of events.
The customer in this instance was a disorganized, confused person which is also not unexpected. How do you now notice the withdrawals being taken out of your checking account? It really makes me wonder how many people balance their checking accounts these days. But despite the fact that he had low organization skills doesn't excuse the low quality behavior of Splash Cash Advance.
For my own financial situation, I do not want to do any business with a lender that is willing to let me continue paying some minimum amount every two weeks and make no progress (or extremely slow progress) in paying off that debt. Then for the customer service agent to say he would forgive the remaining debt and instead the customer lands on some collection calling list is even more ridiculous.
I personally have no desire or interest to use Splash Cash, I can't imagine why anyone out there would. Look at Mobiloans, RadiantCash, Plain Green Loans and Spotloan, all of which are Native American lenders, before you turn to Splash Cash Advance. These other firms are just as easy to qualify for and they have better loan terms, and most likely you will be treated better as well.
Recent Comments