ED Magedson – Founder
Castlepayday LoansWatersmeet, Michigan USA
Castlepayday Loans Company charges fees that are basically extortion. A 500 dollar loaned payed back in less than six weeks cost 525 dollars. Watersmeet Michigan
This company charges 175 dollars every two weeks on a 500 dollar loan. I borrowed 500 dollars last month and payed 175 on the 1st of May, 175 on the 15th of May and today is the 16th and in order to pay the loan off today I would still owe 175 dollars of finance fees.
This report was posted on Ripoff Report on 05/16/2013 10:44 AM and is a permanent record located here: http://www.ripoffreport.com/reports/r/castlepayday-loans/watersmeet-michigan-49969/castlepayday-loans-company-charges-fees-that-are-basi-1051413. 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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