8 Progressive Financial Services Consumer Reviews and Complaints. My daughter was charged with a debt to a school she didn't attend. They sent a threatening letter to her. When she called to find out what was going on employees were rude and condescending.
Hung up on her 3 times and when asked to speak to a supervisor, a random guy came on whom was more condescending than the employees. My daughter was told to take her to Montclair and find out what was going on. Not their problem. This seems to me like fraud. I recently checked my credit score and saw I had a derogatory account from Progressive Financial Services for 150 or so.
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Monthly interest calculator: the payday loan trap. Related Stories. Payday loans with high interest rates are advertised as a stopgap until your next payday. But what if you can't pay them back. Taking out a online payday loans for ontario works payday loan every month to pay for the last one leads to spiralling costs. Young, British and Broke presenter Miquita Oliver shows the payday loan interest calculator in action.
BBC Three documentary Young, British and Broke: The Truth about Payday Loans shows the stories of several young people who 'refinanced' payday loans - took out a new loan with another company to pay off the first loan, including any interest owed. The risk of this is that you are paying interest on a bigger and bigger balance each month. If you refinance like this several times, the 'compounding' effect of the high interest rate can quickly spiral out of control.
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