Risecredit, LLC Payday Loan Complaint

Risecredit, LLC Payday loan department,

Charged fees or interest I didn't expect California

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 financial burden.Payday lending has her trapped in a cycle of debt she ca n't exit. The loans have taken over all her expenses and it has become incredibly hard for her to imagine when she 'll be able to be completely debt free. She believes these lenders do not give borrowers enough time to pay back the loan and in addition to the high interest rates, it makes it nearly impossible to not fall into the cycle of debt. She says that these loans have become detrimental and she is n't able to save or find a way to bring her finances up to date.