Debtconsolidationcare.com - the USA consumer forum

Forums
  • Latest topic

Payday loan debt in Florida

Date: Mon, 07/22/2013 - 03:49

Submitted by anonymous
on Mon, 07/22/2013 - 03:49

Posts: 202330 Credits: [Donate]

Total Replies: 3


I took out a loan from Castle Payday Loan for $450 with a interest of $157.50 which brings me to a total of $607 to pay back. They sent me an email after I got the loan stating that they would automatically take the payments of $157.50 out of my account each month. After 2 payments, I checked online and my total was still $607! I called them and was told those are fees to basically hold off until I can pay back the $607 in full. What should I do?


Castle payday is an illegal lender. You owe them nothing more than the principal balance. No interest, no fees. You should close down your old bank account earlier and open a new one to stop debiting money from your account. Ask them for the refund, since you have already overpaid them.


lrhall41

Submitted by anonymous on Mon, 07/22/2013 - 04:24

( Posts: 202330 | Credits: )


If unregistered borrowed $450.00 and made 2 payments of $157.50 ea. which totals 315.00 then morally there is still owed $135.00. Castle is illegal and you only owe principal. Follow the instructions in the signature line of helpinaz to see how to handle illegal lenders.


lrhall41

Submitted by cb on Mon, 07/22/2013 - 14:18

( Posts: 44 | Credits: )