Payday loan, title loan, or personal loan -- Charged fees or interest you didn't expect -- Complaint #6377174
Complaint Overview
Complaint ID: 6377174
Company: Fundo LLC
Product: Payday loan, title loan, or personal loan
Sub-Product: Installment loan
Issue: Charged fees or interest you didn't expect
State: Connecticut
ZIP Code: 06610
Date Received: 2022-12-29T12:00:00-05:00
Date Sent to Company: 2023-01-23T12:00:00-05:00
Company Response: Closed with explanation
Timely Response: Yes
Consumer Disputed: N/A
Submitted Via: Web
Consumer Narrative
In the beginning it was explained to me that this particular loan was to help small business owners and there was no interest, but just a fee added on to the loan. Currently my payment status is up to date but the last time I spoke with the company I asked them about final payment and they told me I owed the amount {$1900.00} on top of the {$1200.00} Ive already paid them. I was confused about the total amount because the loan was only for {$1200.00} originally when I told them I was never explained any of these extra fees they seem to backpedal and couldnt explain anything and told me they can email me the agreement. The email stated that I abandoned the call with an agreement attached that I was never properly explained. I dont want this bad loan to affect my credit that Im so desperately trying to repair.
Frequently Asked Questions
What is Complaint #6377174 about?
Complaint #6377174 was filed against Fundo LLC regarding Payday loan, title loan, or personal loan specifically about Charged fees or interest you didn't expect. It was received by the CFPB on 2022-12-29T12:00:00-05:00.
How did Fundo 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, or personal loan) and describe your issue in detail.
Can I see other complaints against Fundo LLC?
Yes, visit the Fundo LLC company profile at readthecomplaint.com/company/fundo-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.