Brian K Vbr

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Predatory lending

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They quoted a rate of 677%. That is loan shark level. Predatory lending should be considered a federal crime
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Cons:
  • Predatory lending

User's recommendation: STAY AWAY

Sinda Qda

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Wish I could give negative stars

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River Valley Loans - Wish I could give negative stars
After coming up on a financial hardship, I applied out of desperation. I was suspicious to not see and APR listed. Still, didnt think it would be too bad. I was approved for $1470. Then I looked at my payments. $600 a month for 32 months!! How is this even legal?? I called immediately to cancel and was assured it was. I asked for email proof. 15 min later, didnt get it. Called again. Still nothing. Anyways, if they are trying to swindle me (like going through with payment and making me pay it back), I plan on taking the money, then filling out a form with the bank to block them from withdrawing from my account. Uno reverse *** Ill update if I actually get a confirmation.
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Cons:
  • Scammers

Preferred solution: Cancellation

User's recommendation: Don’t. Just don’t.

3 comments
Cloyd Mjd

Could I just block them from my account & everything will be set? No other issues?

Guest
reply icon Replying to comment of Cloyd Mjd

Send them an email asking them to stop auto drafting off your account and follow up with your bank

Cloyd Mjd

What’s the update on your situation? Asking because the same thing happened to me! I’m just nervous it will go to collections or affect me in the long run.

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Dolores H Dxt

I feel I was scammed

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Original review Oct 03, 2023
I borrowed 1000 which has been paid back but they tell me I will have payments until March and will have to repay 5000 dollars! Great burden to me
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Loss:
$4000
Cons:
  • Full disclosure not made on the cost of this loan

Preferred solution: Price reduction

User's recommendation: Do not use this company

Brian K Vbr

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Verified Reviewer

677% is predatory lending!

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I was quoted 677% for a loan. This is no different than old school loan sharks. They are taking advantage of those in need of assistance. I applied to consolidate my debts. To go with them would have made my situation exceedingly worse! This type of lending could lead a person to bankruptcy quite easily.
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Pros:
  • Fast approval
Cons:
  • Predatory rates over five hundred percent

Preferred solution: Apology

User's recommendation: STAY AWAY

John A Pqo

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Verified Reviewer

Terrible Company

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Original review Nov 29, 2023
I received a loan for $950 two weeks ago. I did not realize that had I not paid it off, the total amount paid over the course of the loan is over $5,000. I quickly called them while I had a pay off amount of $1400. That's almost $500 more than what I borrowed just two weeks ago. I asked if we could lower the pay off amount. I asked them to work with me. They rejected my request and spoke to me like I was an *** for asking. Terrible people at a terrible company. They do not care about you or your situation, this is robbery at 800% interest. NEVER BORROW FROM THESE PEOPLE. Never again. I asked for a pay off amount of just a couple hundred less than the $1400 and they basically told me too bad. Awful company.
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Loss:
$450
Cons:
  • Will not work with you for settlement
  • Awful customer service

Preferred solution: Price reduction

User's recommendation: Just don't do it

Khala Ncp
map-marker Oakland, California

577% interest rate You'll never get to a Zero balance

I was in a desperate situation and took out a loan. I was hoping to pay off early however when. I realized the pay off amount doubled off the back 2 weeks after the loan. I realized then I was in a no win situation. Horrible Horrible! Biden needs to eradicate predatory loan companies. I hate it. I hate it...
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User's recommendation: Don't do it. I rather owe a loan shark..these River Valley loan stay in your bank account forever.

Anonymous
map-marker Marysville, Ohio

Terrible company

I had a $399 payment come out of my checking for a loan payment on 11/20/23 and another payment processing for withdrawal of $745 today 11/21/23. Company is a total ripoff and scammers. Loan amount borrowed was $695
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User's recommendation: DO NOT BORROW FROM THIS COMPANY

Rhonda R Guo

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Verified Reviewer

Terrible company

These people had my due dates wrong which caused me to pay a payment plus the pay off.1000.00 cost me over 1600.00 for 30 days.Intrest is extremely high.terrible company to do business with
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Pros:
  • Easy
Cons:
  • Incrediblely high interest

Preferred solution: Price reduction

User's recommendation: Stay away from these idiots

Kat K Prh

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Verified Reviewer

Legalized Scam

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Insane interest rate of 725.08%. I borrowed $400 to make my rent and have to pay back, in total, $2,142.38. Not worth it. Would have been better to receive the late fees from missing rent. This is just a "legalized" scam.
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Pros:
  • Instant money
Cons:
  • Payback is 5x the amount borrowed

Preferred solution: Price reduction

User's recommendation: Don't barrow from them

Jerry S Ojk

Con Artists, But They’re Beat

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Their loan APRs are outrageous. The think they can use their BS tribal crap to prey on people in bad situations. Heres a tip everyone; Take out a fat loan and dont pay it back. They cant do anything. Check and see what your max APR is allowed in your state. These *** are issuing loans well over states legal limits. Guess what? They cant collect on it since its an illegal loan in the first place! They can sell your debt to a collector but guess what, its illegal to collect on a void loan in the first place! Schmucks. Theyll try and scare you with their We are tribal, we follow our own laws. Lol yeah okay, Google how many class action suits are against tribal lenders and their hilarious rates. Take the loan, close your bank account and open a new one. Boom thank me later
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Pros:
  • Take their money and run
Cons:
  • Apr
  • Customer service

User's recommendation: Stay away from these people. Or, snag the money and run

3 comments
Cloyd Mjd

The same thing happened to me! Does this method really work ?

I live in NC. If it does I will do this, just didn’t want anything going to collections and affecting me in the long run

Guest

Just found out my wife took out a loan with this company with an interest rate of over 500%

Guest

Yep I did this. They can’t garnish wages or anything.

They need a license to operate in your specific state (which they never have). Juice these *** for all they have

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James L Ibx

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Verified Reviewer

To warn others of not using this website EVER

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River Valley Loans - To warn others of not using this website EVER
River Valley Loans - To warn others of not using this website EVER
When I first got my loan of $150 I thought it would be like a pay day advance service. Then I looked to check how much money I owe left. Thats when I saw that I had 17 payments left of $40, and it blew me away and so I went to talk to customer service and it turns out that each day that you dont pay the full amount they charge you two dollars per day. After two payments of a total of $80 I still owed $154. So I warn anyone that is considering using this website to stay away.
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Loss:
$80
Pros:
  • Are quick to fund your account
Cons:
  • Charges 2 bucks daily until full payment

Preferred solution: Full refund

User's recommendation: If you need a small loan of about $100, then I would suggest the Dave app.

Cameron W Ynu

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Verified Reviewer

Predatory and Deceitful

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I am a college student and have to pay for school as well as rent. My job wasnt scheduling me and I had no way to make my full rent payment on time. I was desperate, and was looking for some way to pay. I got approved for a loan from River Valley and, stupidly, I accepted. The consent form they had me read over and sign while on the phone with them didnt state this, and neither did the representative I spoke to, but the interest rate on my 325 dollar loan is 767.26%. While on the phone, they told me I would just pay 87 dollars per paycheck until it was paid off, and I thought that would be about two months. I owe them 1738 dollars. They take advantage of those who are in desperate need of help without remorse. Never accept a loan from here.
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Loss:
$1738
Cons:
  • Predatory
  • Will end up in more debt
  • Deceitful

Preferred solution: Full refund

User's recommendation: Never Use This Service

Anonymous
map-marker Atlanta, Georgia

Banned for finding money on the floor@ Cherokee river valley north carolina

River Valley Loans - Banned for finding money on the floor@ Cherokee river valley north carolina
Money found on the floor new years day they banned ernest johnson my husband said being it's a native casino he had to turn it in it wS their policy but we been going for 15 yrs never heard of this we moved south from Atlantic city area never knew about that policy can you tell me if they can do that
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User's recommendation: Look up policy on native property

Resolved
Samuel A Gac

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Verified Reviewer
| map-marker Vineland, New Jersey

Resolved: Rate Astronomically high!

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Updated by user Dec 30, 2022

Loan cancelled per my request.

Original review Dec 30, 2022
Lending terms are predatory. Imagine taking out a loan of $1,200 and pay $5,000+ interest. Loan Shark shop! Stay away.
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User's recommendation: Stay away from this loan!

3 comments
Sinda Qda

But they did cancel? After I saw my payments i immediately called to cancel and they said they did. I asked for an email with the confirmation but haven’t gotten it yet (this just happened)

Guest
reply icon Replying to comment of Sinda Qda

Your cancellation should go through if you didn't sign their loan disbursement direct deposit agreement.

Guest

This is what occurred with my wife. Any law suits going on?

View more comments (2)
Amaan Ggx

To warn others

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This company preys on people in rough situations. Please seek other methods of borrowing. This company should be closed down.
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Loss:
$1500

User's recommendation: Do not do it

William D Pke

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Verified Reviewer

Inform other people

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River Valley Loans - Inform other people
What a joke. Somehow they deposited 500$ into my bank account without me knowing. I did not sign or agree to anything and now Ive found out that theyve taken over 2000$ from me with a 790% interest rate for a loan I didnt get. I do not need a 500$ loan. I have gotten a few chargebacks from my bank but Im working on getting all. Im working with a lawyer, the attorney general, and The FTC to see what I can do. This is a tribal lending company so our laws do not apply to them. I just wanted to write this review in hopes that someone will look at it before actually getting a loan from this place. There are better options that I know. Again I didnt even get a loan from here and somehow I cant get all of my money back. But please if you are reading this go somewhere else for the sake of you and your finances. I know they will tell me to call the customer care center below but Im hoping I never have to speak with them again in my life. I must give a little credit to the manager As he was nice and as helpful as he could be in this situation but that doesnt change the fact that over 2000$ has been taken from me. I cant believe there are people out there who actually sign the paperwork for this company. Cant imagine the consequences of not paying your loan for a place like this. BEWARE. GO SOMEWHERE ELSE. I posted 2 other photos of reviews from trustpilot below as well.
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Loss:
$2000
Cons:
  • Thieves
  • Not helpful
  • Sketchy

Preferred solution: Full refund

User's recommendation: Never Ever Get a loan from this place

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