Big Picture Loans, LLC Payday Loan Complaint

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

Big Picture Loans, LLC Payday loan department,

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

I signed up for a loan through Big Picture Loans on -/-/- in the amount of $800.00. I was told and was under the impression that I would receive a one time finance charge of $280.00 for a total repayment of $1000.00. I made my first payment on -/-/- and went into my account today -/-/- to check the remainder of the balance. The amount had n't changed so I looked into it further. I came to find out that the total finance charges are going to be over $6000.00! If I had known that this was going to be the case, I NEVER EVER would have agreed to the terms. The finance charges alone are more than my monthly car payment! I am a single mother of - that does not make much money. There is no way this can be right! Please help!

Big Picture Loans, LLC customer in Oklahoma
May 18, 2016

* Source: CFPB Complaint Database

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

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