On Friday, Sep. 13, 2019.... California passed legislation that would make loans like these less expensive for residents.
The California State Legislature passed the Fair Access to Credit Act, which blocks lenders from charging more than 36% on consumer loans of $2,500 to $10,000. Previously, there was no interest rate cap on loans over $2,500, and the state’s Department of Business Oversight found over half of these loans carried annual percentage rates of 100% or more.
MONEY KEY IS A PREDATORY LENDER AND NEEDS TO BE STOPPED!
The Individuals named above, acting on behalf of Money Key Loans d/b/a the Companies named above, defrauded me of $400 in payment of fees allegedly associated with a bogus Installment Loan. I received an Approval Letter for this Loan which was in the names of all three entities listed above. The Approval Letter is dated April 21, 2018 and the Loan Approval Number is RTSZ7806Z.
I absolutely concur with the other Reports on your website. I had a very similar $400 experience, but instead of Apple Pay, they accomplished this through Steam Cards. I thought this was unusual at the time, along with the general unprofessional manner in which this was done, but since the Loan was to be disbursed through MoneyGram, I thought that this was perhaps another form of secure internet payment.
MoneyKey Reviews
On Friday, Sep. 13, 2019.... California passed legislation that would make loans like these less expensive for residents.
The California State Legislature passed the Fair Access to Credit Act, which blocks lenders from charging more than 36% on consumer loans of $2,500 to $10,000. Previously, there was no interest rate cap on loans over $2,500, and the state’s Department of Business Oversight found over half of these loans carried annual percentage rates of 100% or more.
MONEY KEY IS A PREDATORY LENDER AND NEEDS TO BE STOPPED!
The Individuals named above, acting on behalf of Money Key Loans d/b/a the Companies named above, defrauded me of $400 in payment of fees allegedly associated with a bogus Installment Loan. I received an Approval Letter for this Loan which was in the names of all three entities listed above. The Approval Letter is dated April 21, 2018 and the Loan Approval Number is RTSZ7806Z.
I absolutely concur with the other Reports on your website. I had a very similar $400 experience, but instead of Apple Pay, they accomplished this through Steam Cards. I thought this was unusual at the time, along with the general unprofessional manner in which this was done, but since the Loan was to be disbursed through MoneyGram, I thought that this was perhaps another form of secure internet payment.