Payday loan, title loan, personal loan, or advance loan -- Charged fees or interest you didn't expect -- Complaint #10791695
Complaint Overview
Complaint ID: 10791695
Company: Wlcc
Product: Payday loan, title loan, personal loan, or advance loan
Sub-Product: Installment loan
Issue: Charged fees or interest you didn't expect
State: Florida
ZIP Code: 32713
Date Received: 2024-11-13T12:00:00-05:00
Date Sent to Company: 2024-11-13T12:00:00-05:00
Company Response: Closed with explanation
Timely Response: Yes
Consumer Disputed: N/A
Submitted Via: Web
Tags: Older American
Consumer Narrative
I submitted a loan request in the amount of {$1000.00} on XX/XX/year>. My loan was approved but after the loan company ( Explore Credit - received invitation via mail pre-approved ) sent me the documents for signing, the interest rate was 766.69 %!!!!! I did not sign the documents ... .with a {$1000.00} loan the total owed was {$8000.00}!!! Ridiculous and I told them the same. I thought the state of Florida has a cap on how much a loan company can charge? Thank you for your attention to this matter. Sincerely, ( XXXX ) XXXX XXXX XXXX P.S. Just went back and reviewed the app and it was for a " Pay Day Loan ''?
Frequently Asked Questions
What is Complaint #10791695 about?
Complaint #10791695 was filed against Wlcc regarding Payday loan, title loan, personal loan, or advance loan specifically about Charged fees or interest you didn't expect. It was received by the CFPB on 2024-11-13T12:00:00-05:00.
How did Wlcc respond to this complaint?
The company responded with: "Closed with explanation". The response was timely.
What is the risk level of this complaint?
See the risk assessment section for details on this complaint's risk profile.
How do I file a similar complaint?
You can file a complaint with the CFPB at consumerfinance.gov/complaint. Select the appropriate product category (Payday loan, title loan, personal loan, or advance loan) and describe your issue in detail.
Can I see other complaints against Wlcc?
Yes, visit the Wlcc company profile at readthecomplaint.com/company/wlcc to see all complaints, risk scores, and analysis.
Disclaimer
This analysis is AI-generated based on publicly available CFPB complaint data. It does not constitute financial or legal advice.