- Report: #1240760
Complaint Review: Castle Pay Day Loans - Internet
Reported By:
Christopher -
Fayetteville, North Carolina, USA
Submitted:
Updated:
-
Author Confirmed
Why?
Castle Pay Day Loans
Internet, USA
Phone:
8889452727
Web:
http://www.redrocktriballending.org/
Categories:
Business Rating:
(0)
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Castle Pay Day Loans Red Rock Tribal Lending LLC Liars! Cheaters! Thieves! Internet
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.
