Review and analysis of over 24 complaints against Risecredit, LLC
Risecredit, LLC consumers have reported over 24 official complaints related to Charged fees or interest I didn't expect. Out of the 24 consumer complaints against Risecredit, LLC, 8% were disputed by the consumer (i.e. the consumer was not happy with how Risecredit, LLC responded to their complaint) and 88% were processed in a timely manner. 0% of consumer complaints against Risecredit, LLC resulted in the consumer receiving monetary compensation (e.g. money, cash reimbursement, etc.) and 0% resulted in non-monetary compensation.
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Risecredit, LLC Payday loan charged fees or interest i didn't expect April 19, 2017 - To whom it may con cern, I 'd like to make a complain abo ut RISE Credit. W e originally signed up for a $3000.00 with an interest rate of 208 %. I have been paying $520.00 every month and paid a total of $5500.00 and they want me to pay them until 2018. This has been a burden for me and my family. As an - - military member i have reached out to my chain of command regarding this issue. I have been advised by financial counselors that in accordance w ith Military Lending Act says that you ca n't be charged an interest rate higher than 36 % on most types of consumer loans an... |
Risecredit, LLC Payday loan charged fees or interest i didn't expect charged fees or interest i didn't expect October 29, 2016 - I received a loan of $3500.00 from Rise Credit 3 months ago during which time the company never advertised the loan as a payday loan. I had an installment agreement and the payments were scheduled to be automatically deducted from my bank account at the end of each month. I began to review my balance on my account after payments and noticed my balance actually increased by the end of each week. I recently contacted a representative at Rise Credit and was informed the " loan '' accrues interest on a daily basis and that a majority of my monthly payments was actually being used to pay accrued ... |
Risecredit, LLC Payday loan charged fees or interest i didn't expect charged fees or interest i didn't expect May 6, 2016 - Outrageous interest rates and unmanageable payments not ONCE a month but TWICE!! Their goal is to keep you in debt, the payments are so high you ca n't afford extra payments!!! They claim interest rate goes down but absolutely not true!!! - for a - loan for - month all interest! Have made numerous attempts to settle and have been ignored! ... |
Risecredit, LLC Payday loan charged fees or interest i didn't expect charged fees or interest i didn't expect May 6, 2016 - - payments every month not -! Impossible to pay off with rise credit. Have made numerous attempts to contact them regarding settlement and have been ignored. Payments were always processed a day before the due date. The loan Sharks should be outlawed. They claim interest rate goes down- not true at all ... |
Risecredit, LLC Payday loan charged fees or interest i didn't expect charged fees or interest i didn't expect March 29, 2016 - I signed an on line contract for a - loan ( I live in the State of Illinois ) the loan is for - payments in the amount of - --98.4 % interest rate. The loan started in - - - and I have made 7 payments, sometimes paying before the due date and extra. The company has taken all of the payments except for approx. - and has applied it to interest. I was not aware that this was illegal in Illinois and that the max pay day loan is for 6 mos. I tried to speak with them to change my contract per IL law and they refused. My last loan payment is due in - - please help ... |
Risecredit, LLC Payday loan charged fees or interest i didn't expect charged fees or interest i didn't expect January 17, 2016 - This company agreed to settle this usury interest rate account for $1400.00, I have paid - - -, - - -, and - - - $500.00 on the settlement amount, my credit report says I owe them $4700.00 on a $3500.00 account, I paid them $2700.00 on this account before my income was dramatically reduced, I have sent them $500.00 on this settlement amount on this account -. Please have them update my account as paid in full. I am a - - - -. ... |
Risecredit, LLC Payday loan charged fees or interest i didn't expect charged fees or interest i didn't expect January 6, 2016 - The company deducts interest from partial principal payments when paying scheduled installment payments. The company does not have a means for consumers to make payments to principal balance only. The company does not honor its loan agreement. The loan agreement clearly states partial principal payments will not incurred interest ... .Please see attached loan agreement ... |
Risecredit, LLC Payday loan charged fees or interest i didn't expect charged fees or interest i didn't expect October 28, 2015 - I have had a loan with Rise Credit for over a year now, they meet every criteria of being a predatory lender. Each time I pay it off I am forced to take out another because the interest and fees of the last loan left me unable to pay my normal expenses. Out of a $ - monthly payment only about $50.00 goes to principal, I end up paying over triple the amount I originally received by the time the loan is paid off. Since this is an internet company I do n't think they are regulated and I believe they break Federal and Ohio Consumer Lending laws. I selected that I initiated contact but actuall... |
Risecredit, LLC Payday loan charged fees or interest i didn't expect June 23, 2015 - Took out loan through Rise - was advertised as a loan to help boost credit and get back to responsible borrowing. Used as consolidation - took out - -/-/2014, now it is showing as owing - I contacted lender multiple times asking for reduced payments, and payment arrangments, with no response. It is now charged off and with a collection agency.... |
Risecredit, LLC Payday loan charged fees or interest i didn't expect April 21, 2015 - She was facing financial hardships due to her husband losing his job. Their family was losing their home and they were filing for bankruptcy. In search of a way to stabilize their finances she turned to payday lending. She took out a loan with online lender RISE for $4000.00 about a year and a half ago and makes payments of $210.00 every - weeks. The majority of her payments to RISE go toward interest and she stills owes the lender $3800.00. The high interest and frequent payments have made it difficult for her to pay this loan without taking out another to help cope with the financia... |
Risecredit, LLC Payday loan charged fees or interest i didn't expect April 21, 2015 - Making ends meet was becoming a difficult task for her. When she searched for a way to cover her basic living expenses such as bills, rent, school, and food, she found the online lender RISE. At - she took out a $500.00 loan. She was able to steadily pay back the loan, but it was not enough and the added expenses of that loan resulted in her returning for a - loan in - of 2014. This time around she borrowed $3000.00 from RISE. She paid the lender $280.00 every - weeks, and the nearly $600.00 a month was a big burden for her. She found herself falling behind on bills and ren... |
Risecredit, LLC Payday loan charged fees or interest i didn't expect April 3, 2015 - I PAID $99.00 MONEY ORDER ON-. $98.00 WAS TAKEN OUT OF MY ACCOUNT ON - -. $98.00 WAS TAKEN OUT OF MY ACCOUNT- - AND - -. $98.00 WAS TAKEN OUT OF MY ACCOUNT -/-/-. MY ACCOUNT # WITH RISE -. RISE HAS PUT SOMETHING ON MY ACCOUNT WHERE I CAN NOT WRITE CHECKS OR CONDUCT ANY FINANCIAL BUSINESS. ... |