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Report: #1266161

Complaint Review: CastlePayday.com - Watersmeet Michigan

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  • Reported By: Dog — Richfield Minnesota USA
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  • CastlePayday.com N5384 US Highway 45 Suite 400 Watersmeet, Michigan USA

CastlePayday.com Deceitful practice Watersmeet Michigan

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Do not use this service.  They will offer you an extremely high interest first loan (for example, $560 in interest payments every month on a $800 loan), with the promise that your next loan will be at a lower interest rates once you are a "proven customer".  Then when you are finally able to pay off the first loan (which is not easy, since the interest payments are so high that it is difficult to come up with money to pay off any of the principal), Castle Payday denies your second loan request, so they don't ever have to offer the lower interest rate loans that they promise.  Bait and switch, pure and simple.  Also, since they are located on tribal land, they are out of the reach of any regulatory enforcement resolutions.  If they were subject to state or federal regulatons they would quickly be placed out of business by any state attorney general, because their rates and practices are clearly in violation of many state laws.  Again.........do NOT do business with these folks.  You will regret it.

This report was posted on Ripoff Report on 11/06/2015 10:52 AM and is a permanent record located here: https://www.ripoffreport.com/reports/castlepaydaycom/watersmeet-michigan-49969/castlepaydaycom-deceitful-practice-watersmeet-michigan-1266161. 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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