Big Picture Loans, LLC Consumer Loan Complaint

Installment loan Taking out the loan or lease

Big Picture Loans, LLC Consumer Loan department,

Installment loan Taking out the loan or lease Florida

I recieved a preapproved application in the mail about a loan for - from Big Picture Loans company.i applied and was approved for the loan without much effort ... In the final documents and truth in lending info, there is a section telling you how much you will pay in a payoff balance which was a reasonable - dollars and is what i was led to believe would be the final amount i would pay along with original loan amount of - dollars by the time the loan was paid in full ... But as of today after reviewing my documents, i found out that you have to scroll all the way down the " truth in lending '' section, which should be called the " truth in hiding '' section since i had no idea this info was down here or i would have rejected this loan immediately, and i find that these people actually expect me to pay almost - for an - dollar loan at 887.877 % interest..thats not even legal ... That is simply not going to happen and these crooks should be stopped for their predatory lending practices ... Unfortunately, i now have to go to my bank and describe the problem to them and avoid this obscene situation alltogether ...

Big Picture Loans, LLC customer in Florida
Apr 25, 2016

* Source: CFPB Complaint Database

Big Picture Loans, LLC response to complaint:
Closed with explanation

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