Corporate Office HQ

Financial Services

Arrowhead Investment Corporate Office

Arrowhead Investment is a payday loan company with headquarters in Salt Lake City, Utah.

The company is the target of many claims on scam-reporting websites.

Consumers have been charged many times the amount of money borrowed with reportedly more than 1,000% interest rates in many cases. There are many reports of a consumer taking out a small loan of $200 or $300 and being charged $90 every two weeks for years.

In 2010 Arrowhead Investment was sued and the company agreed to a settlement of $100,000 in restitution and forgiving an additional $432,000 in outstanding loans. The lawsuit stated that Arrowhead had reasonable loan agreements and violated state consumer law.

Arrowhead Investment, Inc.

Arrowhead Investment is a payday loan company with headquarters in Salt Lake City, Utah.

The company is the target of many claims on scam-reporting websites.

Consumers have been charged many times the amount of money borrowed with reportedly more than 1,000% interest rates in many cases. There are many reports of a consumer taking out a small loan of $200 or $300 and being charged $90 every two weeks for years.

History

In 2010 Arrowhead Investment was sued and the company agreed to a settlement of $100,000 in restitution and forgiving an additional $432,000 in outstanding loans. The lawsuit stated that Arrowhead had reasonable loan agreements and violated state consumer law.

Western Sky Financial Corporate Office

Western Sky Financial, LLC was a company with ties to South Dakota’s Cheyenne River Sioux tribe that was an online lender of payday loans.

The company became infamous for its sky-high rates. Reading the fine print, a consumer would see that a $10,000 loan would have an interest rate of 89.68% with 84 monthly payments of $743.99, meaning that the borrower would pay back $62,495.16 on a $10,000 loan.

Western Sky claimed that it was exempt from state and federal laws as a sovereign nation, and was only subject to tribal law. This was used as a defense in the company’s lending of loans in states where payday loans are illegal: Arkansas, Connecticut, Georgia, Maryland, Massachusetts, New Jersey, New York, North Carolina, Pennsylvania, Vermont, and West Virginia.

This last was what ultimately caused the company’s downfall when New York, Oregon, Colorado, Minnesota, and Maryland sued the company for its illegally high interest rates.

Western Sky stopped funding new loans on September 3, 2013. The company’s website, email, and contact information are no longer valid.

 

Western Sky Financial

Western Sky Financial, LLC was a company with ties to South Dakota’s Cheyenne River Sioux tribe that was an online lender of payday loans.

The company became infamous for its sky-high rates. Reading the fine print, a consumer would see that a $10,000 loan would have an interest rate of 89.68% with 84 monthly payments of $743.99, meaning that the borrower would pay back $62,495.16 on a $10,000 loan.

Western Sky claimed that it was exempt from state and federal laws as a sovereign nation, and was only subject to tribal law. This was used as a defense in the company’s lending of loans in states where payday loans are illegal: Arkansas, Connecticut, Georgia, Maryland, Massachusetts, New Jersey, New York, North Carolina, Pennsylvania, Vermont, and West Virginia.

History

This last was what ultimately caused the company’s downfall when New York, Oregon, Colorado, Minnesota, and Maryland sued the company for its illegally high interest rates.

Western Sky stopped funding new loans on September 3, 2013. The company’s website, email, and contact information are no longer valid.

 

Payday-Loan-Yes Corporate Office

Payday-Loan-Yes has numerous complaints against them for depositing money into consumers’ accounts even though the individual did not authorize the loan, scamming people into repaying loans they have paid off, and scamming people into paying loans they never took out.

This has often happened when consumers had previous payday loans.

Payday-Loan-Yes has an “F” rating from the Better Business Bureau – the worst rating possible. The company has 78 complaints filed against them with the BBB and has failed to respond to 69 of them.

In fact, the BBB has an alert out for this business because correspondence has been returned by the post office and the BBB therefore cannot complete its report.

Payday-Loan-Yes’ website does not work and there is minimal information available about the company.

Payday-Loan-Yes

Payday-Loan-Yes has numerous complaints against them for depositing money into consumers’ accounts even though the individual did not authorize the loan, scamming people into repaying loans they have paid off, and scamming people into paying loans they never took out.

This has often happened when consumers had previous payday loans.

Payday-Loan-Yes has an “F” rating from the Better Business Bureau – the worst rating possible. The company has 78 complaints filed against them with the BBB and has failed to respond to 69 of them.

History

In fact, the BBB has an alert out for this business because correspondence has been returned by the post office and the BBB therefore cannot complete its report.

Payday-Loan-Yes’ website does not work and there is minimal information available about the company.

ExtraFundsUSA Corporate Office

ExtraFundsUSA is a loan-matching service, matching consumers with lenders issuing short-term loans (payday loans).

ExtraFundsUSA offers this service through its website with an online application, a phone application through its customer service department, and through three storefronts – though the exact locations of these storefronts is not specified on its website and are therefore unverified.

ExtraFundsUSA claims to be BBB accredited, though the Better Business Bureau has no record of the company. The Better Business Bureau’s logo on ExtraFundsUSA’s website does not have a link to the BBB, leading the consumer believe that this is a false claim.

ExtraFundsUSA received a trust score of only 17% from Scamadvisor.com. The company received this rating because the owner of the website is using a service to hide their identity, the website appears to be less than 6 months old, the website setup involves countries known to be high-risk (Russia).

Consumers are advised to exercise caution when dealing with this company.

 

ExtraFundsUSA

ExtraFundsUSA is a loan-matching service, matching consumers with lenders issuing short-term loans (payday loans).

ExtraFundsUSA offers this service through its website with an online application, a phone application through its customer service department, and through three storefronts – though the exact locations of these storefronts is not specified on its website and are therefore unverified.

ExtraFundsUSA claims to be BBB accredited, though the Better Business Bureau has no record of the company. The Better Business Bureau’s logo on ExtraFundsUSA’s website does not have a link to the BBB, leading the consumer believe that this is a false claim.

History

ExtraFundsUSA received a trust score of only 17% from Scamadvisor.com. The company received this rating because the owner of the website is using a service to hide their identity, the website appears to be less than 6 months old, the website setup involves countries known to be high-risk (Russia).

Consumers are advised to exercise caution when dealing with this company.

 

Splash Cash Advance Corporate Office

Splash Cash Advance is owned and operated by First American Capital Resources ONE, LLC (FACR 1). FACR 1 is a payday loan lender and processes loans online through its website.

FACR 1 is a limited liability company organized under the laws of the Chippewa-Cree Tribe of Rocky Boy’s Indian Reservation in Montana.

FACR 1 is thus not subject to licensing by any state and is immune from state investigation or enforcement actions.

What this means for consumers is that FACR 1 can process payday loans to residents of any state, no matter the legality of payday loans in that state.

FACR 1 has a C+ rating with the Better Business Bureau. The company has many complaints, especially in the areas of collection and billing. The company works with the Better Business Bureau to resolve consumer complaints.

FACR 1 charges an average of 200% to 400% interest on payday loans. Borrowers have reported paying back four times the principal of their loan.

Splash Cash Advance

Splash Cash Advance is owned and operated by First American Capital Resources ONE, LLC (FACR 1). FACR 1 is a payday loan lender and processes loans online through its website.

FACR 1 is a limited liability company organized under the laws of the Chippewa-Cree Tribe of Rocky Boy’s Indian Reservation in Montana.

FACR 1 is thus not subject to licensing by any state and is immune from state investigation or enforcement actions.

History

What this means for consumers is that FACR 1 can process payday loans to residents of any state, no matter the legality of payday loans in that state.

FACR 1 has a C+ rating with the Better Business Bureau. The company has many complaints, especially in the areas of collection and billing. The company works with the Better Business Bureau to resolve consumer complaints.

FACR 1 charges an average of 200% to 400% interest on payday loans. Borrowers have reported paying back four times the principal of their loan.