BlueChip Financial Payday Loan Complaint

Charged fees or interest I didn't expect

BlueChip Financial Payday loan department,

Charged fees or interest I didn't expect Indiana

I took out this internet loan, $300.00 and have been making installment payments every two weeks. I did not know that they were not licensed in Indiana that that their percentage rates were unallowed. As of this date I have paid back approx $600.00 - their percentage is 761.09 % which is well above the percentage rate allowed. I believe that I do not owe these people any more money.

BlueChip Financial customer in Indiana
Oct 15, 2015

* Source: CFPB Complaint Database

BlueChip Financial response to complaint:
Closed with explanation

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