- Report: #720944
Report - Rebuttal - Arbitrate
Complaint Review: Red Stone Cash
Red Stone CashP.O. Box 368 Timber Lake, South Dakota United States of America
Red Stone Cash Unclear fees and scandalous repay requirements. Trickery to collect exorbinant repay. Timber Lake, South Dakota
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The company does not allow internet or paper access to your account information for tracking or communication. They do not let you know that unless you call each time before your repay date, monies paid will only go toward fees vs. principle.
Thus, they will collect fees forever and you still owe the original amount of the loan plus that same fee.
They will not tell you up front that they will not set up an ongoing principle paydown. They do not tell you that you will have to call every pay period in order to effect your principle.
They claim their system is incapable of providing written or electronic communication regarding your account.
This is a system, which allows them to collect the principle and fee amount over and over. It's infuriating.
This report was posted on Ripoff Report on 04/22/2011 02:58 PM and is a permanent record located here: http://www.ripoffreport.com/r/Red-Stone-Cash/Timber-Lake-South-Dakota-57656/Red-Stone-Cash-Unclear-fees-and-scandalous-repay-requirements-Trickery-to-collect-exorb-720944. 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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