Payday loan, title loan, personal loan, or advance loan -- Charged fees or interest you didn't expect -- Complaint #13833611
Complaint Overview
Complaint ID: 13833611
Company: National Financial 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: Delaware
ZIP Code: 19904
Date Received: 2025-06-01T12:00:00-05:00
Date Sent to Company: 2025-06-02T12:00:00-05:00
Company Response: Closed with explanation
Timely Response: Yes
Consumer Disputed: N/A
Submitted Via: Web
Consumer Narrative
I borrowed {$200.00} from a company called XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX on XX/XX/year>. Since then, I have made multiple monthly payments of {$54.00}, totaling over {$600.00} $ XXXX over XXXX to 4 times the original loan. I have records of payments made. Despite this, the company is still demanding an additional {$260.00} and has filed a case against me in Delaware XXXX XXXX ( # XXXX ), threatening legal action and wage garnishment. The APR disclosed on the agreement is 727.99 %. This is extremely excessive and appears to violate the principles of fair and lawful lending under the Truth in Lending Act ( TILA ). Their practices appear designed to trap borrowers in long-term cycles of debt, while charging extreme interest with little transparency or ability to pay off early without financial damage. Additionally, I received threatening emails from an employee using the title Garnishment Czar, implying wage garnishment before any judgment was enteredthis may be a violation of the Fair Debt Collection Practices Act ( FDCPA ) and is clearly an intimidation tactic. I am requesting the CFPB to investigate this companys lending practices, interest rate structure, and collection methods, and to provide relief from this predatory loan.
Frequently Asked Questions
What is Complaint #13833611 about?
Complaint #13833611 was filed against National Financial 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 2025-06-01T12:00:00-05:00.
How did National Financial 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 National Financial LLC?
Yes, visit the National Financial LLC company profile at readthecomplaint.com/company/national-financial-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.