money mutual scam/ castle payday scam

Jun 02, 2012
review #322293

I took out a loan for $300.I agreed to an interest payment of $105.

I agreed to pay in full $405. They only took out the $105. I called to explain that they were to take out the $405 which means they only should have taken out $300. more since they already took the interest fee.

Instead they took $375. They chose to take an additional $75 and called it a VIP rate for being a returning cudtomer.

Believe me I will never be a returning customer.They caharged me a total of $180 interest out of one paycheck.

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rippedoff

Apr 21 Gresham, Oregon

this is the email I sent to Castle Payday. Anyone interested in joining my quest, let me know!
Before I continue with my complaint at the Better Business Bureau, I would like to have the proposed payment plan documented. I am MORE than willing to pay the remaining $60 left on my agreed upon balance of $340. I refuse to accept that you people "didn't know" that the $140 I have been paying every month was to go towards repayment of the $340. Further, if you continue to insist that I owe you more than $340, three things will occur:
1. You will not receive another dime from me
2. I will take this to the highest authority as MANY times as I have to, I will take as LONG as I have to, I will do WHATEVER it takes to see that your seedy business practices are outlawed (if they are not already) and your seedy business is SHUT DOWN. I know that the federal government is already investigating companies like yours.
3. I will see that every dime you have successfully scammed from EVERY hard-working American is reimbursed. I have nothing else to do, and am happy to spend the rest of my life dedicated to this purpose.
Sincerely,

0 0 Reply
Anonymous

Apr 15 Richardson, Texas

I would say that each and Everyone of you all have apparently lost your mind's.Any dam fool know's these people are going to stick it to you once you sign the contract.How dumb can one get.Then you all want to cry about the matter after you spend the money.Paying it back is a mother------ isn't it."Everyting that Glitter's is not Gold ok.Pay up and Shut up.

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Anonymous-2

Jul 30 Lawton, Oklahoma

If you have ever tried to read one of those legal documents from a lone company, it's rather like trying to assemble an electronic device within an instruction book printed in Taiwanese. Often times it is so tedious and ambiguous we check off the document without reading it. Although we know that we're going to be charged an exorbitant fee, there should still be some limitations and stipulations that the average person could understand, before committing to their agreement. Before we make a commitment of any kind, we need to examine the consequences of our actions, and the reliability and accountability of those who we are dealing with. Hence, we need to research their backgrounds on the Internet to find out how reliable they really are. Because it's "buyer beware" when you're dealing with fast cash companies. Note: don't trust the legitimacy of anything on the Internet. A friend...

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Anonymous

Dec 30, 2013

Anyone ever hear of an INDIAN GIVER?

0 1 Reply
Dontpayem

Dec 18, 2013 Las Vegas, Nevada

I told the bank they were a scam, so the bank put a stop on any withdraws from them. What happens if I don't pay? They are not governed by the laws of my state, they cant sue me... I'm sure they will report me to credit bureau, but so what?

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rippedoff

Apr 15 Gresham, Oregon

Once they put it in collections, was the collections agency still able to automatically withdraw from your account? I put a stop pay on castlepayday, and I'm wondering if I need to close my account that I've had for over ten years. I filed a complaint with the FTC and the BBB, also.

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Anonymous

Dec 11, 2013 Boston, Massachusetts

Are Payday Loans Permissible in Massachusetts?

Payday lending is not specifically prohibited in Massachusetts but what is generally referred to as a "payday loan" is illegal due to the high annual percentage rate charged. Statutory licensing provisions require entities that wish to engage in such small-dollar lending in Massachusetts to obtain a small-loan license from the Division. The Division of Banks (Division) requires that any business engaged in making loans in the amount of $6,000 or less at an interest rate greater than 12% obtain a small loan company license under Massachusetts General Laws chapter 140, section 96-114A and its implementing Regulation 209 CMR 20.00.

The small loan maximum annual rate of interest is currently capped at 23% with an annual administrative fee of $20.

In a selected opinion issued June 26, 2006, the Division clarified its regulatory authority relative to internet-based payday lenders and licensure. The opinion makes clear that a payday loan transaction takes place where the consumer physically applies for the loan, not where the payday lender is physically located. Therefore, a payday lender doing business with Massachusetts consumers is prohibited from doing business without a license.

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mbg

Nov 09, 2013 Hayward, California

Me too like everyone else expierenced the same.I wish i would have read about them before taking out a loan to pay bills now im even a bigger hole. they practaly steal from the poor n make $of the people that are trying to make a living. next time I rather starve before doing any buisness with them. thats how i feel like im starving because sometimes i dont have enough to feed me & my family. :cry

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DGF

Sep 18, 2013

somebody need to borrow the maximum amount they can get and close their checking account. The company have burn enough people. It is time for someone to burn them.

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Ozzie

Aug 29, 2013 Los Angeles, California

The worse loan company EVER!! Big scam.. I took out a $1000.00 loan I agreed to an interest charge of $350.00.. So my total loan was $1350.00. They've already withdrew $1050.00 from my checking account but they've told me that none of that has gone towards the principle of $1350.00!!! Are you FREAKING kidding me!! So as of now the balance due is still $1350.00.. I basically have have them $1050.00!!

1 0 Reply
Anonymous

Aug 27, 2013 Aurora, Illinois

they good me to on 450 loan and they are charging me twice a month when i told them i get paid once month and they have 2 different loan numbers i will never ever to back to them again

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scammed

Aug 09, 2013

This Company is a Scam. Please stay away, they prey on the needy.

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musstang62

Jul 27, 2013 Pittsburgh, Pennsylvania

I recently had to move across a few states for work, and after being on unemployment for 2 months and receiving no relocation assistance, I needed to take out a $1000 loan so that I could pay first month's rent and security deposit at my new apartment. I absolutely can not believe how these pay day loan rates are legal.

Within a week and a half, I was charged a $350 finance charge, which does not pay for principle at all. That's fine, I signed up for that. It's a ridiculous rate, but I agreed to it. The first five charges are $350, and do not count towards principle at all. Then, two weeks after that, I got hit with ANOTHER $350 charge. I was not told that these finance charges would be taken out bimonthly, I assumed it was a monthly fee. All in all, I'm likely going to end up paying back around $2300 for this $1000 loan, and that will all be over the span of 2 MONTHS.

This company makes credit card corporations look like the savior Jesus Christ. AVOID AT ALL COSTS, there's got to be a better alternative

1 0 Reply
cualpha06

Jul 17, 2013

Here's another disgruntled customer from Castle Pay Day...i applied online as well for a two hundred dollar loan...here's the kicker, they never deposited the money into my account so i said oh well maybe they got the account number wrong...so, when pay day rolled around...i checked my account and noticed a transaction for 70 dollars was being debited...so i called the bank and they said it was coming from CPD...to make a long story short, my bank rep and a rep from CPD both confirmed that there was no deposit for the said amount put into my account from CPD..thought it was said and done but it gets better,those *** have now sent it to collections in which i will dispute it in writing...don't worry, in time these people will get what's coming to them

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tepitutu

Jul 01, 2013 Oakdale, Minnesota

Castle Pay Day is own by a indian tribe in the border area of minnesota and wisconsin. Because they are a federaly regonize tribe, the only agency that can take action is the federal government. I would contact my repersentative in washington d.c. and see what dept can investigate them.

Castle Pay Day got me too

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Furious 'Customer'

Jun 28, 2013 Moline, Illinois

This is the worst loan company I have ever gone thru!!! I would NEVER reccomme anyone to go thru CASTLE PAYDAY. When I agreed to get a loan of $300 with $105 interest and a payoff of $405 I thought that what the $105 every two weeks was going towards. Come to find out I'm paying to renew my loan every two weeks!!! I am furious!!!!!! When I agreed I was not told that I had to call two to three days before the payment to set up something to go towards the principal I thought that's hat the payments they were taking wa going towards. I have now GIVEN Castle Payday $315 of my hard earned money just for *** an giggles pretty much. And then when you talk to customer service they are no help at all. They need to go back and change their policy or change what thy tell their customers but then again I doubt it because they're winning in the end!

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Ric

Jun 27, 2013

Asked for a $500 loan and was told the loan balance is $675.
They took $175 from me two weeks later.
Then another $175 two weeks later and another $175 two more weeks later.
The balance is still $675.
This was not the original payoff agreement.
Castle Payday are crooks, pure and simple.
Stay away from them.

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Help Me

Jun 21, 2013

If I didn't hit the button get my cash from Castle Payday, am I still on the hook for the money. I changed my mind. I didn't sign or ask that they send my money...help you guys probably saved me from the worst mistake in my life. just want to make sure it doesn't go through

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