ED Magedson – Founder
Castle PaydayP.O. Box 704 Watersmeet, Minnesota USA
Castle Payday I applied for a loan and i was told my fianance fees would be $245.00 and the total loan to pay off would be $945.00. Instead I am a large finance fee every two weeks with out being notified that my pricipal balance has not been paid. These people have my bank account info and are stealing my money! Watersmeet Minnesota
I am a sigle mom. I borrowed $700 from Castle Payday advertised by money mutual on TV. I was told that my payoff amount would be $945 which included a finance fee of $245.00. The first payment came out of my checking account fro $245.00. Two weeks later I got an email stating that another loan payment was due in the amount of $245.00. I opened my castle payday account and it showed that the finance charge is $245.00. I assumed that it had already been paid. Come to find out after talking to customer service at Castle Payday, the finance fee is charged every two weeks and the principal has not been paid at all! I have to call Castle Payday to add addtional funds in order to pay off my pricipal. This is absolutlely ridiculous. I have paid $490.00 in finance fees! And my principal total is still $700! BS!
This report was posted on Ripoff Report on 07/11/2013 11:39 AM and is a permanent record located here: http://www.ripoffreport.com/reports/castle-payday/watersmeet-minnesota-49969/castle-payday-i-applied-for-a-loan-and-i-was-told-my-fianance-fees-would-be-24500-and-t-1066223. 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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