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Report: #1240760

Complaint Review: Castle Pay Day Loans - Internet

  • Submitted:
  • Updated:
  • Reported By: Christopher — Fayetteville North Carolina USA
  • Author Confirmed What's this?
  • Why?
  • Castle Pay Day Loans Internet USA

Castle Pay Day Loans Red Rock Tribal Lending LLC Liars! Cheaters! Thieves! Internet

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My partner and I moved into our own home in June, 2015 and were strapped for cash.

I did an internet search on quick pay day loans and Castle Pay Day was one of the listings.

I am Native American and was impressed that they were sponsored by the Red Rock Tribe.

I took out a loan for $600 and the money was deposited into my checking account in a few

days.  I was told that my interest payment would be $210 for a total of $810.  I was told that

the $210 finance charge would be automatically debited from my checking account on my pay

day leaving three payments of $200 each to repay the prinicpal loan amount.

I have made three payments of $210 each for a total of $630.  So I should only owe $180.

I called to verify this amount and the woman who answered the phone told me I have 25

payments of $210 each left...  Excuse me!?  That's $5,250 in interest for a $600 loan.  That is

insanity!  She even asked me to increase my payment amount to bring the loan down. 

I asked to speak to a manager and she put me on hold for a couple of minutes.  Came back to

check on me and put me back on hold.

I hung up and immediately called my bank for further instructions.

 

This report was posted on Ripoff Report on 07/09/2015 10:59 AM and is a permanent record located here: https://www.ripoffreport.com/reports/castle-pay-day-loans/internet/castle-pay-day-loans-red-rock-tribal-lending-llc-liars-cheaters-thieves-internet-1240760. 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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