Rise Credit - Do Not use rise !
Total misrepresentation of actual fees charged.They charge interest DAILY !
Absolutely no different than a Payday loan or a Title loan! I paid my loan off after 10 months to avoid paying 350% over the actual loan amount ! ( YES ! 3.5 times the loan amount ) .
Stay away from this lender ! Customer service is a joke. They simply brush you off, transfer you and "lose" your call. The loan agreement they portrayed when financing did not match the loan payments and interest I was paying after the loan was deposited in my account.
When I called them I found out that for a $2000.00 loan that the interest compounded daily at $5.75. Each bi-monthly payment of $105.00 of which only $19.00 was applied to the principle.
( $210.00 per month with $38.00 applied to the principle.$7,603.20 would have been the full term pay out against a $2000.00 loan !
Reviewer is in unhappy mood. This person is quite happy with ease of use and stated that there is a room for improvement of actual representation of interest and costs. Please immediately contact the author of this review to discuss bad quality of rise credit loan and associated monetary loss in the amount of $1000. Rise Credit needs to read this review and look into the issue (if any) according to poster's claims.