ED Magedson – Founder
Castle Payday LoansWatersmeet, Michigan USA
Castle Payday Loans Grand Larceny Watersmeet Michigan
This company has outrageous interest rates. I authorized a deduction from my bank account of $500. Castle Payday extracted $1350 from my account and put me in the negative.
I have spoken with "Ed", who promised to resolve the situation which included refunding the overdraft charges I accrued because of the excessive deduction.
For over a week, I have had NO resolution, and am incurring more overdraft fees. Per my conversation today with Castle Payday, they want to reimburse me only my initial overdraft fees, and request I take another loan at their VIP discount.
I don't want their loans, (or interest fees), just want them to right "their wrong". I am considering to press charges for "grand larceny", since they stole over $850 dollars from me (not counting the overdraft fees).
This report was posted on Ripoff Report on 01/30/2014 05:15 PM and is a permanent record located here: http://www.ripoffreport.com/r/Castle-Payday-Loans/Watersmeet-Michigan-49969/Castle-Payday-Loans-Grand-Larceny-Watersmeet-Michigan-1119695. The posting time indicated is Arizona local time. Arizona does not observe daylight savings so the post time may be Mountain or Pacific depending on the time of year.
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