Risecredit, LLC Payday Loan Complaint

Payday loan Charged fees or interest I didn't expect charged fees or interest i didn't expect

Risecredit, LLC Payday loan department,

Payday loan Charged fees or interest I didn't expect Charged fees or interest I didn't expect Illinois

I signed an on line contract for a - loan ( I live in the State of Illinois ) the loan is for - payments in the amount of - --98.4 % interest rate. The loan started in - - - and I have made 7 payments, sometimes paying before the due date and extra. The company has taken all of the payments except for approx. - and has applied it to interest. I was not aware that this was illegal in Illinois and that the max pay day loan is for 6 mos. I tried to speak with them to change my contract per IL law and they refused. My last loan payment is due in - - please help me to void this illegal contract

Risecredit, LLC customer in Illinois
Mar 29, 2016

* Source: CFPB Complaint Database

Risecredit, LLC response to complaint:
Closed with explanation

Created with Highcharts 4.2.3Risecredit, LLCComplaint HistoryComplaints3/20144/20148/20149/201410/20141/20152/20154/20155/20156/201510/20151/20163/20165/201610/20164/2017012345Source: Consumer Financial Protection Bureau
Created with Highcharts 4.2.3Risecredit, LLCCharged fees or interest I didn't expect100.0%Closed with explanationSource: Consumer Financial Protection Bureau
Created with Highcharts 4.2.3National AverageCharged fees or interest I didn't expect5.7%4.1%2.5%5.2%82.2%0.3%Untimely responseClosed with non-monetary reliefClosedClosed with monetary reliefClosed with explanationIn progressSource: Consumer Financial Protection Bureau

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