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 AdvanceSplash 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.