Payday loan, title loan, personal loan, or advance loan -- Charged fees or interest you didn't expect -- Complaint #13205180
Complaint Overview
Complaint ID: 13205180
Company: Applied Data Finance, LLC
Product: Payday loan, title loan, personal loan, or advance loan
Sub-Product: Payday loan
Issue: Charged fees or interest you didn't expect
State: Florida
ZIP Code: 328XX
Date Received: 2025-04-27T12:00:00-05:00
Date Sent to Company: 2025-04-27T12:00:00-05:00
Company Response: Closed with explanation
Timely Response: Yes
Consumer Disputed: N/A
Submitted Via: Web
Consumer Narrative
I am writing to request assistant and consideration regarding a personal loan I obtained in the amount of {$6300.00}. Unfortunately, due to my financial situation at the time, I accepted terms that have place me under an extremely heavy burden- the interest rate is currently set at and alarming 121 %, I did not know this at the time. I now undersand that this rate is not only overwhelmingly high but may also exceed usury laws. The cost of this loan has quickly become unmanageable, I have paid {$5400.00} back, they only reduced {$100.00}. This is leaving me in a cycle of payments that primarily go toward interest, with little impact on the principal balance. I am seeking any assistance available Negotiating a reduction in the interest rate level to a fair level Receiving help from an investor or organization will to buy out or refinance the loan at a better terms, of the amount I owe, {$1000.00} more plus interest Guidance on legal remedies available to contest or renegotiate these predatory terms. I am committed to repaying what I owe but need reasonable, ethical terms that allow me to realistically do so without falling deeper into financial hardship. Thank you for your time, I am hopeful that with you assistance, I can find a path forward to regain financial stability. Just need to know if this interest rate in Legal. Help me please
Frequently Asked Questions
What is Complaint #13205180 about?
Complaint #13205180 was filed against Applied Data Finance, LLC 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 2025-04-27T12:00:00-05:00.
How did Applied Data Finance, LLC 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 Applied Data Finance, LLC?
Yes, visit the Applied Data Finance, LLC company profile at readthecomplaint.com/company/applied-data-finance-llc 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.