Speedy Cash Holdings Payday Loan Complaint

Payday loan Charged fees or interest I didn't expect charged fees or interest i didn't expect

Speedy Cash Holdings Payday loan department,

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

I applied for what I believed what an installment loan in - -. In - -, I refinanced the loan, assuming it would stay an installment loan. I recently glanced at the refinance documents to verify my last payment date. At this time, I realized the refinance was set up as a payday loan. Maturity date is scheduled for -/-/- with a blanket payment of $1300.00. The current loan documents do not specify credit as payday loan or installment loan. I 've requested the original loan documents & have not yet received them. But I have documents from a previous installment loan, wording the same as this current payday loan. The biweekly amount for the installment loan & payday loan are the same except for the last payment. The installment loan is already highway robbery, and i am aware of this which is why I know I requested an installment & not a payday loan. I spoke to a supervisor who could not assist me with my issue.

Speedy Cash Holdings customer in Texas
Mar 12, 2016

* Source: CFPB Complaint Database

Speedy Cash Holdings response to complaint:
Closed with explanation

Consumer disputes how Speedy Cash Holdings handled their complaint

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