Merit Financial Trust

Loan sharks

Horrible loan structure, Do NOT NO matter how desperate you are accept a loan from.these people. 1. Insane interest rates with an APR of.over 700% yes I said Seven Hundred Percent that is not a typo. 2. Purposely will place numerous Road blocks to making early payment, you can do it, but you have spend a lot of time digging into obscure areas of their web portal, and it is done by design, they purposely put up barriers to making early payment to gouge you for interest. 3. If you use a credit card they run it as an ACH transaction and that will insure you get nailed for both a cash advance fee plus any interest your credit card may charge you. 4. They do NOT report your payments to the major credit agencies TransUnion Equifax and Experian, but claim they do with deceptive web site claims They appear to be on a reservation in SD ,therefore most likely outside of any fair credit or lending laws , so they can gouge you at will.and there is NOTHING you can do about it. AVOID THIS COMPANY AT ALL.COSTS. Borrow the money from family friends or go see a loan shark and pay 3 points vig ...you'll be way better off than doing business with this scam.of a company

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