Red Rock Tribal Lending Payday Loan Complaint

Charged fees or interest I didn't expect

Red Rock Tribal Lending Payday loan department,

Charged fees or interest I didn't expect Florida

Application accepted on -/-/15 for $350.00 at $ - pay period. Because I 've had payday loans before, with NO problems, I did n't think anything of this one. I called today ( -/-/15 ) to find out when my last pay date was because I figured it should be coming up pretty soon, and she said -/-/15, which was odd since it was opened in -, I did n't think it should take 10 months to pay off $350.00. I went online to look at the pay schedule and calculated how much I will have spent by -/-/15. On a $350.00 loan, I will have given this company $1600.00. She said they tack on the finance charge on every payment if amount is n't paid off in full. I 'm in Florida and I checked the - 's website and this company is n't listed as being licensed. Another thing is, they said it 's a tribal company so it does n't have to adhere to state laws. I 'm trying to get rid of my loans and had no idea this - would be lingering on for such an ungodly amount. I 'm tempted to close my bank account. I thought about paying more each pay period to pay down the loan but the more I think about it, and the more complaints I see about this company online, the more I 'm against doing that. My past payday loans were the same amount every payday with the last amount being the balance of whatever is left.

Red Rock Tribal Lending customer in Florida
May 13, 2015

* Source: CFPB Complaint Database

Red Rock Tribal Lending response to complaint:
Closed with explanation

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