PayPal Holdings, Inc. Payday Loan Complaint

PayPal Holdings, Inc. Payday loan department,

Payday loan Charged fees or interest I didn't expect Charged fees or interest I didn't expect Maryland

I bought a timeshare and was referred by them to a six month payday loan because I wished to pay in cash. I was told I would not have to pay interest on the loan. In the fourth month of the loan, I started receiving emails stating that I had a line of credit with PayPal that I could use at any time ; emails of wonderful items were sent to me to purchase same. In my last month, I decided that wished to use the account and informed them I would leave $500.00 balance so that my credit would show something to be recorded. On the day the loan was completed, I received an email stating I owed $400.00 in interest. I was under the impression I would only be charged for $500.00 of interest in order to maintain the line of credit that I did not ask for, therefore, I paid the amount in full ( $500.00 ) that day. I asked to speak with a Paypal manager and was informed " too bad, '' I should 've paid the $500.00 two days earlier and not assumed I would only be charged interest on money that I thought was okay to leave since that was n't part of the " short term loan. '' I was swindled into not paying the entire loan off because I thought it was " nice '' of Paypal to extend a line of credit to me, as well as a loan. Had I not received their " nice '' gesture of " giving '' me a line of credit and allowed the relationship to maintain itself, I never would 've left a balance for the " line of credit. '' I have been paying $100.00 per month for the interest of a loan that would 've been paid if I had n't been swindled by a company I would 've never thought would swindle me. If I could have my " interest '' payments received and the remainder erased, I would appreciate it.