Risecredit, LLC Payday Loan Complaint

Charged fees or interest I didn't expect

Risecredit, LLC Payday loan department,

Charged fees or interest I didn't expect

To whom it may con cern, I 'd like to make a complain abo ut RISE Credit. W e originally signed up for a $3000.00 with an interest rate of 208 %. I have been paying $520.00 every month and paid a total of $5500.00 and they want me to pay them until 2018. This has been a burden for me and my family. As an


- military member i have reached out to my chain of command regarding this issue. I have been advised by financial counselors that in accordance w ith Military Lending Act says that you ca n't be charged an interest rate higher than 36 % on most types of consumer loans and provides other significant rights. I am currently working with my loca l Judge Advocate General 's Office to g et some help with legal issues.

Risecredit, LLC customer in
Apr 19, 2017

* Source: CFPB Complaint Database

Risecredit, LLC response to complaint:
Closed with explanation

Created with Highcharts 4.2.3Risecredit, LLCComplaint HistoryComplaints3/20144/20148/20149/201410/20141/20152/20154/20155/20156/201510/20151/20163/20165/201610/20164/2017012345Source: Consumer Financial Protection Bureau
Created with Highcharts 4.2.3Risecredit, LLCCharged fees or interest I didn't expect100.0%Closed with explanationSource: Consumer Financial Protection Bureau
Created with Highcharts 4.2.3National AverageCharged fees or interest I didn't expect5.7%4.1%2.5%5.2%82.2%0.3%Untimely responseClosed with non-monetary reliefClosedClosed with monetary reliefClosed with explanationIn progressSource: Consumer Financial Protection Bureau

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