Payday Loans and Fast Cash Guide | Is www.cashreallyfast.com a Scam?

Is www.cashreallyfast.com a Scam?

Is www.cashreallyfast.com a scam? I can’t give you a definite yes or no since I’m not going to sign up for it, but I will show you what you’re really signing up for and why you shouldn’t.  There are millions of offers like this one and I really feel that it’s a watered down of the “bait and switch” marketing tactic.  They say that you’re getting something to get you to sign up and it turns out to be something different than you thought it was.  I say “watered down” because they have all of the correct copy writing in place to cover their butts, it’s just vague enough to get you to sign up without really knowing what you’re doing.

What Is cashreallyfast.com?

This site is not in the Google index.  If you want to find it you have to type the site into your URL toolbar.  When you arrive at the site you find a landing page filled with huge claims of instant access to lots of money.  They have big pictures, bold type, and “real” testimonials from happy customers that have gotten instant access to lots of money.  You automatically qualify for $7500 and you can choose an extra $3500 if you wish (who wouldn’t want that?!), and it’s not a loan and there’s no interest.  All you have to do is pay the $2.95 processing fee.  Sounds like the perfect setup for a scam!

The first red flag that should jump out at you is the line “$11,000 Is Yours For A Full 14 Days…”  What’s going to happen after the 14 days?

So What Are You Going To Get?

With a bit of hesitation I followed the link at the bottom of the page to see where it ends up.  This site is an affiliate site for a membership credit card company called First Freedom.  With an affiliate site, the site that generates the sale gets paid for you signing up.

Disclosure:  There are a few affiliate links on this site, but I’m not going to lead you into something that I don’t personally believe in myself.

So after following the link you’re led to a site that asks for your information to get an $11,000 line of credit.  There’s a big difference between a line of credit and a credit card.  A line of credit can mean that it can be with one business (AKA a department store credit card) and that’s what you’re going to get if you sign up on this page.  You’ll get $11,000 to spend on a catalog site that also comes with a $40 a month membership fee.

So what does the 14 days line have to do with anything?  If I can read the fine print properly (I may not) you’re going to get 0% interest for those 14 days and after that you’ll pay out your ass in interest on your purchases that you made with your “free” money.

First Freedom got in hot water doing this back in 2002 in South Carolina.  The South Carolina Department of Consumer Affairs has this press release that goes into details about the scam.

Pre-Qualified Vs. Pre-Approved

Pre-qualified and pre-approved look very similar on paper, but have very different meanings.  This trips up thousands of people every year, so don’t be upset that you don’t know.  If you’re pre-qualified for a loan, mortgage, or anything that means that you’re qualified to apply for it.  You aren’t bound to the deal, you’re just able to apply.  If you’re pre-approved for something all it takes is a verbal or written agreement and you’re bound to the deal.

Cashreallyfast.com and First Freedom both say that you’re guaranteed approval, so if you sign up you’re stuck with the deal until you figure out how to get out of it.

To sum it up, I can’t say that this is a scam, but I can say that it’s a bad idea.  If you’re looking for fast cash spend a few minutes cruising around this site for ideas on other ways to put some cash in your pocket.

Thanks for reading and be smart!

Lydia

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Comments

One Response to “Is www.cashreallyfast.com a Scam?”

  1. Neha on December 23rd, 2009 6:08 am

    Really good article and about $7500 cash. So going for an affiliate program is worth that. You are too talking to give it a try. Definitely you don’t consider it a scam.

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