Risecredit, LLC Consumer Loan Complaint

Installment loan Managing the loan or lease

Risecredit, LLC Consumer loan department,

Installment loan Managing the loan or lease Illinois

Rise Credit Financial ( also known as - -, - - ) is refusing to work with me in extending payment plans and being deceitful in not explaining the interest rate up front. I was told originally that this was not a payday loan but an installment loan with low interest rates. I was not made aware of of the high interest rate of 98.71 % until after I signed the loan documents. My maturity date is -/-/- with a total of $8200.00 to be paid in full once this loan matures. I currently pay $ - monthly on a $4000.00 loan. I have made five payments and my current principal is $3900.00. This company is a scam, I would not recommenced this organization to anyone whether you are seeing a long or short term loan.

Risecredit, LLC customer in Illinois
Sep 14, 2015

* Source: CFPB Complaint Database

Risecredit, LLC response to complaint:
Closed with explanation

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