Enova International, Inc. Payday Loan Complaint

Enova International, Inc. Payday loan department,

Payday loan Payment to acct not credited Payment to acct not credited California

I borrowed a loan from a company called NetCredit. The loan amount was $2600.00 dollars with monthly installments of $150.00 debit from my checking account every - of the month. The loan was funded on -/-/2015, up until this day I have only paid $110.00. When I called to inquire why my loan amount was n't going down I was told that some all the money goes to the interest and some months only a percentage goes to the principal. It has been over a year and in total I have paid $1800.00 and only $110.00 of the principal has been paid. The interest on the loan agreement is an annual rate of 65 %. When I called they told me that some months all the payments goes to interest. This can not be legal, this is abuse of power and abuse to consumers. This business should be investigated, when you borrow a loan and make monthly payments a portion should go to your principal no matter how much the interest is. This is straight up robbery.