Payday loan, title loan, or personal loan -- Charged fees or interest you didn't expect -- Complaint #7096682
Complaint Overview
Complaint ID: 7096682
Company: Wolf River Development Company
Product: Payday loan, title loan, or personal loan
Sub-Product: Installment loan
Issue: Charged fees or interest you didn't expect
State: Idaho
ZIP Code: 83705
Date Received: 2023-06-09T12:00:00-05:00
Date Sent to Company: 2023-06-09T12:00:00-05:00
Company Response: Closed with explanation
Timely Response: Yes
Consumer Disputed: N/A
Submitted Via: Web
Consumer Narrative
I borrowed {$700.00} from Fine Day Funds at the beginning of 2023. I have paid 4 payments totaling {$1100.00}, plus {$25.00} payment for XXXX with the hope of paying this month 's balance before the end of XXXX. When I borrowed the money from Fine Day, I thought it would help lower my debt by paying off two other bills, but this company has caused a higher debt to income ratio. Fine Day Funds is charging me {$2700.00} interest plus the original {$700.00} I borrowed, which will total {$3400.00}. This business charges extremely high interest rate at XXXX percent. Fine Day Funds customer service representative recently told me there is also a daily interest charge included in the amount. When I first applied for the loan, the customer service representative DID NOT mention the exorbitant interest rate and fees. There should be laws against predatory loan providers price gouging interest rate and fees. I recently found out that Fine Day Funds is not XXXX accredited. The XXXX has a long list of complaints file against Fine Day Funds with very lower review ratings.
Frequently Asked Questions
What is Complaint #7096682 about?
Complaint #7096682 was filed against Wolf River Development Company 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 2023-06-09T12:00:00-05:00.
How did Wolf River Development Company 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 Wolf River Development Company?
Yes, visit the Wolf River Development Company company profile at readthecomplaint.com/company/wolf-river-development-company 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.