Payday loan, title loan, or personal loan -- Charged fees or interest you didn't expect -- Complaint #6678130
Complaint Overview
Complaint ID: 6678130
Company: Minto Financial DBA Minto Money
Product: Payday loan, title loan, or personal loan
Sub-Product: Payday loan
Issue: Charged fees or interest you didn't expect
State: Illinois
ZIP Code: 60620
Date Received: 2023-03-10T12:00:00-05:00
Date Sent to Company: 2023-03-10T12:00:00-05:00
Company Response: Closed with explanation
Timely Response: Yes
Consumer Disputed: N/A
Submitted Via: Web
Tags: Servicemember
Consumer Narrative
This lender is in a class action suit because its a predatory loan with 7000 % interest. IN THE UNITED STATES DISTRICT COURT FOR THE NORTHERN DISTRICT OF ILLINOIS EASTERN DIVISION MATTHEW HALL, ) on behalf of Plaintiff and the class ) members described herein, ) ) Plaintiff, ) ) v. ) ) MINTO DEVELOPMENT ) CORPORATION ; ) BENHTI ECONOMIC ) DEVELOPMENT CORPORATION ; ) XXXX XXXX XXXX ; ) MINTO FINANCIAL d/b/a Minto Money ; ) and JOHN DOES 1-20, ) ) Defendants. ) COMPLAINT CLASS ACTION INTRODUCTION 1. Plaintiff, XXXX XXXX, brings this action to secure redress against the making of usurious loans to Plaintiff ( Exhibit A ) and other Illinois residents by Defendants Minto Development XXXX ( XXXX ), XXXX XXXX XXXX XXXX ( XXXX ), XXXX XXXX XXXX ( XXXX ), Minto Financial d/b/a Minto Money ( Minto Money ), and XXXXXXXX XXXX XXXXXXXX. 2. Plaintiff seeks a declaratory judgment that the loans are void and an injunction against their collection ( Count I ), damages pursuant to the Illinois Interest Act, 815 ILCS 205/6 ( Count II ), damages and injunctive and declaratory relief pursuant to the Illinois Predatory Loan Prevention Act, 815 ILCS 123/15-1-1 et seq., and the Illinois Consumer Fraud Act, 815 ILCS 505/1 et seq. ( Count III the Predatory Loan Prevention Act provides that violations are a violation of the Illinois Consumer Fraud Act ), and treble damages under RICO ( Count IV ). -1- C
Frequently Asked Questions
What is Complaint #6678130 about?
Complaint #6678130 was filed against Minto Financial DBA Minto Money 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 2023-03-10T12:00:00-05:00.
How did Minto Financial DBA Minto Money 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 Minto Financial DBA Minto Money?
Yes, visit the Minto Financial DBA Minto Money company profile at readthecomplaint.com/company/minto-financial-dba-minto-money 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.