Zarvad III S.A. Payday Loan Complaint

Zarvad III S.A. Payday loan department,

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

I have been paying $180.00 a month through direct debit withdrawal from my checking account for several months on a $600.00 loan. The $180.00 a month was an " Extension '' that I thought was installments to satisfy the original loan. This company has received $2000.00 in fees on a $600.00 loan and I still have a balance due. They did send me a contract that I agreed to in haste and did not clearly understand. Although I understand payday loans, how is it fair business to charge this amount on a $600.00 loan? This equates to over 300 % interest in just an extension fee??? There should be a cap on what they can charge you for fees.. $180.00 a month as an " Extension Fee ''!! -