Complaint Review: castle payday - Select State/Province
Ripoff Report on CBS 19
Ripoff Report on CBS 19 - Global Marketing Alliance
Ripoff Report on ABC 15 - Smart Shopper
Ripoff Report - Girls Gone Wild
Ripoff Report on Fox 11 - Car Repair
- Author Not Confirmed
- castle payday Select State/Province USA
- Phone:
- Web:
- Category: Bait-and-Switch
castle payday This company charges nothing but interest for the payments. When I challenged them on it they said Rip off for small loan Louisiana
*Author of original report: I did pay the interest
*Consumer Comment: You left off a few details in your post
Show customers why they should trust your business over your competitors...
I needed a quick small loan and found Castle Payday Loans online. I just applied to see if it was as quick as they said. They put the money in my account then started charging me $150 per month interest on a $400 loan. I got suspicious and called them about it. They told me they charge the interest first and principal when all the interest was paid. I quit making payments after I repaid the $400 and they started calling me for more. I quit answering the phone altogether.
Emilie
Loranger, LA
This report was posted on Ripoff Report on 11/09/2013 12:45 PM and is a permanent record located here: https://www.ripoffreport.com/reports/castle-payday/select-stateprovince/castle-payday-this-company-charges-nothing-but-interest-for-the-payments-when-i-challen-1098159. 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
If you would like to see more Rip-off Reports on this company/individual, search here:
#2 Author of original report
I did pay the interest
AUTHOR: emylen - ()
SUBMITTED: Saturday, November 09, 2013
I failed to mention that on a loan of $400, I paid $300 interest. Two months of $150 in interest plus the $400 I borrowed. Sorry.
#1 Consumer Comment
You left off a few details in your post
AUTHOR: FloridaNative - ()
SUBMITTED: Saturday, November 09, 2013
I am not a fan of payday loans at all because in general they are extremely high interest loans that hurt more than help. I have never actually had a payday loan, but from your post it sounds like you only paid back $400 total and that is what you borrowed from the lender. Any lender is going to charge interest. The amount of repayment would be in your written agreement with the lender. There are no interest free payday loans.
What did you agree to repay when you signed the contract? Is that the amount you paid back? The way to stop the calls is to complete the contract you agreed to when you borrowed the money. The longer you delay repayment, the more it will cost you because interest is charged on a per diem basis. When you don't pay on time, then default penalties are applied to your loan (higher interest plus late fees and collection fees). You could easily find yourself owing many times the amount you borrowed in a short period of time if you continue to ignore the debt.
Take charge of your finances. Don't hide from them any more, look up your contract and get it paid so you never have to worry about it again.
Related Reports
12:01 PM
08:53 PM
10:48 AM
09:44 AM
12:44 PM
08:10 AM
05:41 PM
03:24 PM
10:35 AM
06:27 AM
10:00 AM
New 
Updated Rebuttal 
Photo 
Advertisers above have met our
strict standards for business conduct.
