Report: #1233121

Complaint Review: castlepayday - Internet

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Ripoff Report is Xcentric Ventures

Submitted: Wed, June 03, 2015
Updated: Wed, June 03, 2015
Reported By: DDA — Garfield Kentucky USA

Author Not Confirmed

Why?

castlepayday Internet USA

Phone: 8889452727
Web: www.castlepayday.com
Category: Loans

castlepayday Loan trap of 760% interest.... $600. loan winds up costing 1000's Watersmeet, Michigan 49969 Internet

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A $600. loan cost $210. every two weeks. Three months payments equals almost &1300. The full 26 payments they schedule would cost you $4000. My bank said this type of loan interest is rediculous. I totally agree.

If you make a loan with castlepayday.com you are commiting financial suicide. The first 3 months you are paying nothing but interest and your original loan amount doesn't change even a tiny amount until the 7 month.

Their interest ends up with you paying almost 7 times the orginal loan amount. A thousand dollar loan would end up costing you $7000. in 13 months.

This report was posted on Ripoff Report on 06/03/2015 12:19 AM and is a permanent record located here: https://www.ripoffreport.com/reports/castlepayday/internet/castlepayday-loan-trap-of-760-interest-600-loan-winds-up-costing-1000s-watersmeet-1233121. 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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