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
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