Rise Credit - Loan Refinance Review from Fort Worth, Texas
Refinanced a $2,500 loan with Rise.Not only did my monthly payment double,but when I made the payment of $ 487 all of it went to interest.I have borrowed $ 2,500 from Rise a few times.The payment was only $225/ month, and had no trouble paying it back.However, when I refinanced $ 2,500 they gave me the whole amount back, so I would be making payments longer and doubled my payment /month.Not to mention the 300% interest rate compound daily.I was told that the interest rate would go down over the course of the loan.I will definetly not use Rise credit again.It is a lie and deceptive.You will lose a lot of money to interest.
Reason of review: Not as described/ advertised.
Monetary Loss: $900.
Preferred solution: Let the company propose a solution.
Rise Credit Cons: Very poor.
Location: 4150 International Plaza #300, Fort Worth, TX 76109, USA
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How long did it take before you had the option to refinance your loan?
Just wondering...you were presented with a contract which detailed the terms of the deal. Did you even bother, for one second, to READ what tthe terms were BEFORE you agreed to them??? No, I don't work for them.
Thank you for reaching out to us in regards to your recent experience. We would like the opportunity to discuss your account in detail. Could you please email us at rise_spokesperson@***.com so that we can review your account further.