Payday loan, title loan, personal loan, or advance loan -- Charged fees or interest you didn't expect -- Complaint #7494288
Complaint Overview
Complaint ID: 7494288
Company: Finfit Holding Co, 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: South Dakota
ZIP Code: 570XX
Date Received: 2023-09-03T12:00:00-05:00
Date Sent to Company: 2023-09-03T12:00:00-05:00
Company Response: Closed with explanation
Timely Response: Yes
Consumer Disputed: N/A
Submitted Via: Web
Tags: Servicemember
Consumer Narrative
I am writing to bring to your attention concerning lending practices by XXXX XXXX XXXX. I believe they are engaging in unethical lending practices, including interest rates that exceed state-mandated limits. Since XX/XX/, I have taken out eight loans with them, and my experiences have been deeply concerning. I was duped into thinking this was an ethical loan because it was offered through my payroll system for work. I kindly request your assistance in investigating XXXX XXXX XXXX lending practices, focusing on interest rates that violate state regulations in my state of South Dakota ( on my loan document it says rates are 68.62 % ) and the issue of not receiving interest credit for early loan repayments on the 7 previous loans I had done in order to have money to pay the continuous cycle of loans. These practices raise significant ethical concerns and financial burdens. Your organizations expertise in promoting responsible lending practices is vital, and I trust you will help ensure that lending institutions like XXXX adhere to ethical standards. Thank you for your attention to this issue, and I look forward to a resolution that protects borrowers rights and promotes responsible lending practices.
Frequently Asked Questions
What is Complaint #7494288 about?
Complaint #7494288 was filed against Finfit Holding Co, 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 2023-09-03T12:00:00-05:00.
How did Finfit Holding Co, 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 Finfit Holding Co, LLC?
Yes, visit the Finfit Holding Co, LLC company profile at readthecomplaint.com/company/finfit-holding-co-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.