CashCall, Inc. Payday Loan Complaint

CashCall, Inc. Payday loan department,

Charged fees or interest I didn't expect North Carolina

- 2013 I Took out a - dollar loan with - -. immediately I was charged a $500.00 Processing Fee. when they money and the paper work came in I found out that I was paying 233.40 percent annum on this loan. I felt like I was getting taken advantage of because the way they processed the loan I was not aware that the interest rate was so high. My payment was - per month. the total loan pay back was $4800.00 and the interest pay back was $3800.00. My loan was transferred to Cash Call in California before my first Payment was ever maid. I thought something seemed fishy but I went on to pay the loan and pay it off on time. The loan was drawn directly from my bank account on ACH. I recently found out about this Lawsuit that the CFPD had with Cash Call and come to learn that Cash Call and - was breaking the law with this loan and they were over charging interest and Processing fees to me. NC State Statute - caps the interest rate at 30 % and only allows lenders to charge us $25.00 Processing Fee. According to North Carolina Law I should have only paid $360.00 in interest and Fees. I was over charged by $3900.00. List below is a loan calculator results with what should have been a legal loan with western sky and Cash Call. I certainly hope that CFPD follows up with this and I can see a refund of all the over charged interest and fees. Calculation ResultsThe calculation results for the loan payoff calculator appear below. $1000.00 LoanMonths to pay off debt:-Total interest you will pay : $ -Total to pay back : $1300.00