Payday loan, title loan, or personal loan -- Struggling to pay your loan -- Complaint #6942279
Complaint Overview
Complaint ID: 6942279
Company: Creditninja Lending, LLC
Product: Payday loan, title loan, or personal loan
Sub-Product: Installment loan
Issue: Struggling to pay your loan
State: Minnesota
ZIP Code: 564XX
Date Received: 2023-05-06T12:00:00-05:00
Date Sent to Company: 2023-05-06T12:00:00-05:00
Company Response: Closed with explanation
Timely Response: Yes
Consumer Disputed: N/A
Submitted Via: Web
Consumer Narrative
I took out a high interest loan due to financial crisis. After working with a XXXX XXXX, he advised me to investigate whether this loan is in fact legal? Due to the fact that the interest rate was a 199 % and the online " lender '' is out of state. Online loans are illegal in MN and lenders need an NMLS # to do business in MN. To my knowledge, they don't have an NMLS #. Questioning whether they need an NMLS or if they're " covered '' under the FDIC Bank they're partnering with? I have since transferred this loan to another lender at 0 % interest. Do I have any recourse at thi point???
Frequently Asked Questions
What is Complaint #6942279 about?
Complaint #6942279 was filed against Creditninja Lending, LLC regarding Payday loan, title loan, or personal loan specifically about Struggling to pay your loan. It was received by the CFPB on 2023-05-06T12:00:00-05:00.
How did Creditninja Lending, 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 Creditninja Lending, LLC?
Yes, visit the Creditninja Lending, LLC company profile at readthecomplaint.com/company/creditninja-lending-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.