Loanforum.net recommends
1. CashUSA new! Short installment loans up to $10,000
2. My credit advance new! Both Payday and Installment loans, up to 5,000
3. PersonalLoans.com $35,000 over 6 years
4. Check Into Cash Payday loans. Direct lender & state licensed!
  1. This site uses cookies. By continuing to use this site, you are agreeing to our use of cookies. Learn More.

Majestic lake financial loans?

Discussion in 'Payday loans' started by RonBking39, Feb 12, 2016.

  1. RonBking39

    RonBking39 New Member

    Messages:
    9
    Likes Received:
    3
    Trophy Points:
    1
    Joined:
    Jan 20, 2016
    This is a rather new tribal lender, so I can't find much about it online. Can someone please tell me if they're worth looking into? They offer payday installment loans, to be paid over a 40 week period, which sounds awesome! I just need to know if there's a catch or anything that might make this sound too good to be true.
     
    Mike Dunbar likes this.
    • Ad: Short installment loans without hard credit check up to $10,000. CashUSA
    • Payday loans and small installment loans, $2,500: Honestloans
  2. Dee

    Dee Guest

    They will offer you a loan over 40 installments, but unless it is an emergency, it's not worth it. I took out a loan for $1,000. They were pulling 250 from my account every other week. When I called them after 7 payments of 250, I had paid over $1,500 on this loan. I still had 13 payments to go! I still owed over $3,000 on the loan. I set up a payment plan and I'm still paying a lot of interest but at least I almost have it paid off.
     
    Mike Dunbar and Perry like this.
  3. Perry

    Perry Administrator Staff Member

    Messages:
    18
    Likes Received:
    1
    Trophy Points:
    8
    Joined:
    Nov 3, 2015
    Thanks for sharing your experience Dee.
     
    Mike Dunbar likes this.
  4. Terry

    Terry Guest

    On a $400 loan. They wanted. $1600. Back. I never paid back.
     
    Mike Dunbar likes this.
  5. Dustin

    Dustin Guest

    I have gone through them many times. The key is to paying off right away. Great for an emergency.
     
    Mike Dunbar and Perry like this.
  6. Erica

    Erica Guest

    They are crooks. They readily give u money but charge 150% interest! That should be illegal. $1600 for a $400 loan? That's insane! Never again would I borrow money from them unless I literally had no choice
     
    Mike Dunbar likes this.
  7. Naomi Lee

    Naomi Lee Guest

    They aren't federally licensed. They are taking out over $300 dollars every two weeks for a $900 short term loan. The last payment is due in October 2017. It doesn't make sense how they approved me. I looked at my file and it shows that I make $7,000 a month.Which I don't. I am a student. Students don't make that money. This company should be taken down. I get that it works for those who make a sufficient amount to cover the fee's, but when they claim "no hidden fee's" I think they should be called out. Something about the company isn't right. Just don't know how to find evidence.
     
    Mike Dunbar likes this.
  8. jacky

    jacky Guest

    To be honest I think loan shark is better then money lender. Money lender is really suck us dry. Ahlong at most scream and shout
     
  9. Worried

    Worried Guest

     
    Mike Dunbar likes this.
  10. Worried

    Worried Guest


    What was the outcome ?
     
    Mike Dunbar likes this.
  11. Ken

    Ken Guest

    Does that fuck your credit?
     
    Mike Dunbar likes this.
  12. Roe

    Roe Guest

    How long does it take them to approve your loan
     
  13. Ali

    Ali Guest

     
  14. Ali

    Ali Guest

    Dont do it!!! 900 loan turned into a 4000 payback
     
  15. Shana

    Shana Guest

     
  16. Shana

    Shana Guest

    It is illegal they're not even licensed search on the web for Majestic Lake financial licensed and you'll see what I'm talking about
     
  17. Shana

    Shana Guest

    They are Crooks and they are not license it is illegal for them to charge that amount Google search Majestic Lake financial license and you will find what it has to say about this interest rate beanie legal and how they are not licensed you need to report them as I am doing
     
  18. Richard

    Richard Guest

    Please when did you face this issue and did you get in trouble by not paying them the outrageous claim?
    Thanks in advance for your reply.
     
  19. SugarCookie

    SugarCookie Guest

    what do they do if you don't pay them back?
     
  20. B.jean

    B.jean Guest

    They are crooks. They readily give u money but charge 150% interest! That should be illegal. $1600 for a $400 loan? That's insane! Never again would I borrow money from them unless I literally had no choice
     
    Last edited by a moderator: Mar 17, 2017

Share This Page