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Report: #1299606

Complaint Review: Castle Pay Day Loans - Watersmeet Michigan

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  • Reported By: Charles — Danville Illinois USA
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  • Castle Pay Day Loans N5384 US Highway 45 suite 400 Watersmeet, Michigan USA

Castle Pay Day Loans Big Picture Loans Deceptive Practices Watersmeet Michigan

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I recieved a flyer in the mail from Castle Loan.  It said I was elgible for $600 loan, so I applied on line and was approved.They called me back and asked did I want the $600. 

 

Before I agreed, I asked how much was the interest on the loan and I was told that if I borrowed the $600, I would pay $750 back.  I asked this question three times and I was told the same thing, so I agreed to the loan.

 

Once I agreed to the loan, the person I talked to was supposed to send contract to e-mail and didn't, and said don't worry it will be there but never did show up.  To make a long story short I made four payments of $150.00 and my balance never went down.

 

They also lied about my application date because I applied on January 21,2016 and the paper work says March 24,2016.  As i was looking through my papers on my account they had an outrageous interest rate at 780%. 

 

When I looked over my papers they had stuff checked marked that I did not agree to and it said I will payback $2,618.75 but I was never told that.  They told me I would only pay back $750.00.  I would have never agreed to that high of intrest rate.

This report was posted on Ripoff Report on 04/13/2016 03:10 PM and is a permanent record located here: https://www.ripoffreport.com/reports/castle-pay-day-loans/watersmeet-michigan-49969/castle-pay-day-loans-big-picture-loans-deceptive-practices-watersmeet-michigan-1299606. 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. Ripoff Report has an exclusive license to this report. It may not be copied without the written permission of Ripoff Report. READ: Foreign websites steal our content

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