Complaint Review: Castle Pay Day Loans

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.