Risecredit, LLC Consumer Loan Complaint

Installment loan Taking out the loan or lease

Risecredit, LLC Consumer Loan department,

Installment loan Taking out the loan or lease California

I took out a loan with rise credit in the amount of $2600.00. I had made a payment in - and was planning on making my payment when I had another paycheck coming in. After only 60 days Rise Credit underhandedly charged off my account and sold it to a debt collector. I tried calling them and emailing them to set up payments. They refused to take a payment under a non-charged off status. This company illegally and underhandedly sold my debt and collected a profit from selling this to another company by a difference of $1000.00. They are doing this to everyone and it needs to stop, profiteering of America and making our debt structure unstable. This has now put a mark on my credit for SEVEN YEARS. They should not be allowed to do business. Their dispute department will not resolve anything and they seem to just want to do things there own way. That is not legal or ethical and I am very upset about this whole thing. I took this loan out and planned on paying it back this year. Now I have to deal with a charge off for SEVEN YEARS and a debt collector calling me. Why should RISE credit be in business and allowed to manipulate people in such a faction? I want answers. Thank You

Risecredit, LLC customer in California
Apr 29, 2016

* Source: CFPB Complaint Database

Risecredit, LLC response to complaint:
Closed with explanation

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