Advance America, Cash Advance Centers, Inc. Payday Loan Complaint

Payment to acct not credited

Advance America, Cash Advance Centers, Inc. Payday loan department,

Payment to acct not credited Texas

Advance America Cash Advance ; - - - - T- -, ( - ) - or FA- ( - ) -, Rep : -/-/- - Cash Advance was $ -Option to pay $250.00 in full or $100.00 per month and up -/-/- with balance owing $360.00. The complaint that stands out with issues : -/-/- - paid $100.00 on the loan but it only went toward the principle of $1.00 interest but no decrease in the principle balance with a new total amount owing $250.00 on the account. Only Installment Payments, '' as interest or added on per month. This procedure have been changed within several months -/-/-. What disturbs this situation of payment, is being feeling duped and owing more then the amount loaned by paying $100.00 per month and the balance never changes for consumers. Is this procedure illegal in adding interest on each payment and not the balance?

Advance America, Cash Advance Centers, Inc. customer in Texas
Oct 08, 2015

* Source: CFPB Complaint Database

Advance America, Cash Advance Centers, Inc. response to complaint:
Closed with explanation

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