Red Rock Tribal Lending Payday Loan Complaint

Red Rock Tribal Lending Payday loan department,

Payday loan Charged fees or interest I didn't expect Charged fees or interest I didn't expect Florida

I received a letter for a short term loan from a company called Castle Payday. Having been hit with unexpected expenses, I contacted them and received a loan in the amount of - and was told that finance charges would total -, though high, I accepted. The loan documents that I was able to view at that time did NOT show the " Truth in Lending Disclosure '' that is part of them now. that I would be making interest only payments totaling $1500.00 plus the amount of the loan for a total payment amount of $1800.00 for a $350.00 loan. The practice is beyond deceptive and a quick check of this company online shows many victims in the same boat as I am. I am continuing to make payments as per the agreement ( which again I was told would have a finance charge of $120.00 not $15000.00 ) for fear of having my credit impacted. This is a deceptive loan practice and have learned by a quick search that I am far from the only person to have been scammed by these people. A quick search of the internet showed that even though they are a " Tribal '' lending ( and I use that term to be polite ) company, that the FTC has been granted authority to go after companies that engage in these practices. In any court, finding that a company is charging at finance charge of $1500.00 for a $350.00 loan totaling charges of $1800.00 is, to the best of my knowledge, illegal.