31 Aug, 2018 → by ClaimboUser833707
Takes advantage of elderly with no income

Update by user Aug 31, 2018 ** Apparently, it was an installment loan so that's allowed in AZ. Sorry for the misinformation. I'm heated! Update by user Aug 31, 2018 ** I just learned that Rise is not authorized to lend in Arizona. That's where my mother lives. Her Arizona residence is reflected on her social security statements, her bank account and her driver's license...so it was made pretty clear to Rise she lives in Arizona. Yet they still issued a loan to her. Original review posted by user Aug 31, 2018 I just obtained POA for my elderly mother's finances after learning she was paying my brother's utility bills. When I went into her checking account, I saw that she recently received a $1,500 deposit from Rise. She was too proud to tell me she was struggling, got a preapproved offer from Rise and went for it thinking they'd approve her for $500 or something. At 77 years old, she lives on only her meager $600 social security checks each month. Yet somehow...Rise approved her for a $1,500 loan this month. Um. She gets $600 a month?! The fact that Rise approved her on $600 a month income derived solely from Social Security is the epitome of predatory lending. I've just contacted the Attorney General in her state, and am going to make sure I cause as much ruckus as I can about this company and their illegal tactics to prey on seniors.
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