Cottonwood Financial Ltd. Consumer Loan Complaint

Installment loan Managing the loan or lease

Cottonwood Financial Ltd. Consumer Loan department,

Installment loan Managing the loan or lease New Mexico

I took out a loan for $600.00 and was never advised that my interest rate was 520.01 %. The company also tried to withdraw money from my account without my authorization.

Cottonwood Financial Ltd. customer in New Mexico
Oct 07, 2016

* Source: CFPB Complaint Database

Cottonwood Financial Ltd. response to complaint:
Closed with explanation

Company profile

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How Cottonwood Financial Ltd. handles Managing the loan or lease complaints

Created with Highcharts 4.2.3Cottonwood Financial Ltd.Complaint HistoryComplaints1/20151/20168/201610/201600.250.50.7511.25Source: Consumer Financial Protection Bureau
Created with Highcharts 4.2.3Cottonwood Financial Ltd.Managing the loan or lease100.0%Closed with explanationSource: Consumer Financial Protection Bureau
Created with Highcharts 4.2.3National AverageManaging the loan or lease1.9%76.9%9.2%8.4%0.5%1.4%1.4%0.3%ClosedClosed with explanationClosed with monetary reliefClosed with non-monetary reliefClosed with reliefClosed without reliefIn progressUntimely responseSource: Consumer Financial Protection Bureau

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