GVA Holdings, LLC Payday Loan Complaint

GVA Holdings, LLC Payday loan department,

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

I was looking up payday loan companies online and came across this payday loan website - and they advised that i can get a payday loan in five minutes. I filled out a ll the info that was asked and was contacted via e-mail by Northern Plains Funding , LLC. Then was contacted by an agent that advised me that i was approved for $300.00. Went through the process of verifying all my info with the agent like my contact info, place of employment and my bank information by calling my bank on 3way with the agent on the phone asking my bank questions to verify that it was my bank account and in good standing. The agent then advise that she will be e-mailing me the agreement and the way that it was explained to me is that I can make pays of $90.00 per pay period or i can just pay the loan off in full, but i was not made aware that i


more detail and seen all the interest that was being charged. I then did some digging only to find out that this company do not have any business license in the state of California or in - - county for that matter. I spoke with a agent from DEPARTMENT OF BUSINESS OVERSIGHT and they also tried to look up this company only to find that this company is not licensed to do business in the state of California. I was also advised by the agent that this company is on a - reservation doing buiness, agent then adivsed me that i will need to file a complaint through Federal Trade Comission sense this company is located on tribal land. I have only made one payment of $90.00 so far to this company thru direct deposit which i sent a e-mail to the company advising them of Revocation of ACH credit and debit no later then - -. From my understanding per CALIFORNIA DEPARTMENT OF BUSINESS OVERSIGHT website maximum fee a payday lender can charge is 15 % ofthe face amount of the check ( up to a maximum of $45.00 ). but this company is charging me well over 15 % and well over the maximum of $45.00. This loan has a Annual percentage rate - % .This loan is from -/-/- to -/-/-. And also per CALIFORNIA DEPARTMENT OF BUSINESS OVERSIGHT The lender does not cash the check until the borrower 's next payday, up to 31 days. This lender has clearly went over the 31 days allowed until my next payday the lender is requseting that i make 24 payments of - and the last payment of -. This lender is advises that all the payments will be applied first to the finance charges and fees $2000.00 then to the principal.