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Report: #1084816

Complaint Review: Castle PayDay - Select State/Province

  • Submitted:
  • Updated:
  • Reported By: Free62 — Stockbridge Georgia
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  • Castle PayDay Select State/Province USA

Castle PayDay Payday Loans should be last resort internet

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All Payday loans have outrageous interest rates, if you only pay finance charges when payment is due, none of that goes towards the principal of the loan. If you can not pay it off within 2-3 payments, Do Not get deeper in debt by using a pay day loan company.

Fortunately I have not had any problems with Castle Payday, if I can't pay it off by first or second pay period, I do nothing and let them get the finance charge out of my account. By third payday, I CALL them to arrange payment in full or split the balance, realizing finance charge is STILL due.

Payday loans are extremely expensive, so be able to pay it in full within a month, that way you don't pay finance charges for months that equals more than you borrowed, that's how you end up paying double and triple loan amount. and end up in more financial debt.

Even though I use Castle Payday when absolutely necessary, my advice is to stay away from payday loans period.

 

This report was posted on Ripoff Report on 09/16/2013 07:16 AM and is a permanent record located here: https://www.ripoffreport.com/reports/castle-payday/select-stateprovince/castle-payday-payday-loans-should-be-last-resort-internet-1084816. 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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