GVA Holdings, LLC Payday Loan Complaint

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

GVA Holdings, LLC Payday loan department,

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

I borrowed $700.00 on - from a company called North Cash and I knew that it would be an expensive loan if I did n't pay it off early. The representative even stated that if I were to pay the loan off early I would save significantly on finance charges. The finance charges that I am being charged are $190.00 every two weeks. I called in early - to get my pay off balance and was told at that point that the payoff amount would be over $800.00 ( ca n't remember the exact amount ). I was confused because at this point I had already paid over $900.00 towards the loan and I could n't understand why the balance was more that the amount I borrowed.I had a family emergency that came up around that time so I was n't in a head space to follow up on that conversation. I have paid $190.00 every two weeks since - and when I called to get the pay off balance on - I was told that I would have to pay over $900.00 to pay the loan off. When I asked how that was possible the representative told me that I still would be responsible the remaining interest on the loan and I just do n't understand! When I crunch the numbers what she told me is incorrect about owing the remaining interest because the amount would be much more, but I also do n't understand how she came up with the amount that she gave to me. I 've worked very hard to get my credit back up to the mid - 's so I do n't want to do anything that will cause a blemish, but it just seems like this is n't legal what North Cash is doing.

GVA Holdings, LLC customer in Florida
Oct 14, 2016

* Source: CFPB Complaint Database

GVA Holdings, LLC response to complaint:
Closed with explanation

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