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Majestic Lake Financial, Inc
- Financial Services
- Upper Lake, CA
About this business
While a short term loan is not intended to meet long term financial needs, our loans offer a short-term financial resource that is designed to provide needed cash to you, quickly. Our loans are structured to be paid off by multiple installment payments on a set schedule. Each installment payment will lower your outstanding loan principal by an equal amount. In addition, each payment includes a fee based on the amount of principal you currently owe. There is no balloon payment at the end of your loan â when you make your la... read more
Location details
635 East Highway 20, K, Upper Lake, CA, 95485, United States
Get directions| Weekday | Schedule | Status |
|---|---|---|
| Mon | 5:00 a.m. to 6:00 p.m. | |
| Tue | 5:00 a.m. to 6:00 p.m. | |
| Wed | 5:00 a.m. to 6:00 p.m. | |
| Thu | 5:00 a.m. to 9:00 p.m. | |
| Fri | 5:00 a.m. to 6:00 p.m. | |
| Sat | Closed | |
| Sun | Closed |
Do not, EVER, enter into a loan agreement with Majestic Lake Financial. You will owe them 3 to 4 times what you borrowed and more. Please warn your young adult children to NEVER even consider borrowing from this company because they will never stop paying it back. 300% finance fee! A lot of young people don't read or understand the actual terms of the loans ( like my daughter) and are filled with fear and regret when they discover how much money is being taken out from their bank account automatically every month. This is pr... read more
I hit tough times and took a 600.00 loan out from this company. I was never told of the interest rate or that only 30.00 of three payments went towards the 600 balance. They now want me to pay 2,490.00 if I dont pay 663 on my next payment even after iv made three 200 dollar payments. This company is a RIP off. Screw this company.
The finance fees are outrageous! I will NEVER use this company again!
I took a loan from them in May of 2017, today is january 16 2018. and I have a balance of over $300.00 with me not missing one payment and not only paying the minimum either! this is the worst company I've ever loaned from I will be paying them back the extra$2000 worth of fees they tagged onto my account. I only borrowed $800.00 and I have paid them back now over $3000. They're fees are ridiculous!I will never recommend them to anyone I know.I'm embarrassed to say I went through this, but if it can help someone else then, w... read more
I have had great experiences with Majestic Lake. The application process is fast and simple and I normally opt for the same day funding. Of course the interest rate is high and I understood that before signing the agreement. My advice is to pay off your loan within the first payment as these types of loans have high interest rates and are meant to be short term.
Bad review! They are making a killing out of refinance fees. I wanted a short term solution and only borrowed $700 and this will be my 3rd payment of $200+ bi monthly and only $35 goes towards the principle. At this rate I would be laying 3-4x that amount when said and done. That should be illegal. They are not helping consumers, they are screwing consumers over with charges and fees. I would NEVER recommend this company to anyone!!!!
Frequently asked questions about Majestic Lake Financial, Inc
How is Majestic Lake Financial, Inc rated?
Majestic Lake Financial, Inc has a 4.5 star rating with 860 reviews.
When is Majestic Lake Financial, Inc open?
Majestic Lake Financial, Inc is open now. It will close at 6:00 p.m.
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