Risecredit, LLC Consumer Loan Complaint

Risecredit, LLC Consumer loan department,

Installment loan Managing the loan or lease California

I needed monies for vacation and applied for what I thought was a simple $2600.00 loan from a Company that claimed to help those with less than perfect credit a way to reestablish their credit through taking a loan out with their company. Apparently I did not understand their requirements for payback as they are charging me over $6000.00 interest on a simple loan for only $2600.00 ... ..they charge me approx. $500.00 every month and they will continue to charge me for - payments. I took out the loan -/-/- and the payments are scheduled thru -/-/-. In total I will have payed back $8.00, - ... .this is extreme and I have been told by many of my friends and family that this is illegal and that I should not pay it. Please help me straighten out this mess I have gotten myself into..i did not forsee such an impact on my monthly income for so long ... ..that $500.00 is supposed to be the monies I have left over after bills and survive/live on after all my other bills. They have access to my bank account and they automatically take it out every month on the -.


it. I just wanted a simple pay back with reasonable interest short term loan and now I 'm stuck with this overzealous monthly payment and it 's scheduled according to their pay schedule '' to go on thru -/-/--that 's a month shy of two years to pay back a simple loan of less than $ 3,000-for over $8.00, 600 ... ..something 's not right ... ... it 's not fair and it should n't be legal. Of the near $500.00 payment each month, a mere $62.00 goes toward the principal balance ... ... ..ridiculous .... Please advise. Thank you, -