Springleaf Finance Corporation Consumer Loan Complaint

Installment loan Managing the loan or lease

Springleaf Finance Corporation Consumer loan department,

Installment loan Managing the loan or lease Kentucky

I borrowed approximately $11000.00 from Springleaf Financial. A couple months later I made a call to pay the entire balance off. The lender told me if I would leave a small balance they would report to my credit to improve my score. I asked if the interest would be on the balance only because I no longer needed the money they lent but did want a higher score. They agreed and told me I would not owe any payments until -. I paid them $10000.00 that day leaving an $1100.00 balance. Statements were sent with no details of interest except $0.00 due. Now years later they want to charge me interest on the entire -. In other words they want to charge over $7000.00 interest on a balance of $1100.00 loan.

Springleaf Finance Corporation customer in Kentucky
May 30, 2015

* Source: CFPB Complaint Database

Springleaf Finance Corporation response to complaint:
Closed with monetary relief

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