Review and analysis of over 7 complaints against Risecredit, LLC
Risecredit, LLC consumers have reported over 7 official complaints related to Charged fees or interest I didn't expect. Out of the 7 consumer complaints against Risecredit, LLC, 0% were disputed by the consumer (i.e. the consumer was not happy with how Risecredit, LLC responded to their complaint) and 100% 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 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... |