ED Magedson – Founder
Castle PaydayWatersmeet, Michigan USA
Castle Payday Very Decietful Company Watersmeet Michigan
I was short on cash and needed $500 for emergency. I filled out an apllication for the loan amount and was approved right away. I received a call from Castle Payday within that same hour. They told me to call 2 to 3 days before my first payment is due to setup a payment arrangement which is $175. Well, I called before my first payment was due but the lady I talked with didn't tell me I had to call every time my payment was due.
She said I will not have to do anything and $175 will be withdrawn from my account whenever a payment is due until the balance is paid in full. I went online to their website to check the balance, it didn't changed, so I called them back to ask why hasn't the $525 I already paid has not been apllied to my balance. The guy said I have to call back 2 to 3 days before each payment is due, plus, if I only pay back $175 the balance will never decrese. So a person will be paying these people forever if they only make the minium payment.
A WARNING to anyone needing a loan, please DO NOT use Castle Payday. This company will suck you financially dry.
This report was posted on Ripoff Report on 05/08/2013 06:01 PM and is a permanent record located here: http://www.ripoffreport.com/r/Castle-Payday/Watersmeet-Michigan-49969/Castle-Payday-Very-Decietful-Company-Watersmeet-Michigan-1049460. 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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