Mobiloans, LLC Payday Loan Complaint

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

Mobiloans, LLC Payday loan department,

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

I received a mail from Mobiloans that I was prequalified for $1000.00 loan. I applied for the loan and was charged $100.00 which brought the loan to the total amount of $1100.00. I was never told that I will be paying $95.00 financial in each billing circle. my payments are schedule bi-weekly some times in the amount of $150.00 or $140.00. All I thought the $100.00 added to the original loan was fixed but not knowing $95.00 will be added in every billing circle.

Mobiloans, LLC customer in Ohio
Nov 21, 2016

* Source: CFPB Complaint Database

Mobiloans, LLC response to complaint:
Untimely response

Created with Highcharts 4.2.3Mobiloans, LLCComplaint HistoryComplaints11/201312/20131/20142/20143/20144/20145/20146/20147/20148/20149/201411/201412/20141/20153/20154/20155/20156/20157/20158/20159/201510/201511/20156/20167/20168/201611/201612/201602.557.51012.5Source: Consumer Financial Protection Bureau
Created with Highcharts 4.2.3Mobiloans, LLCCharged fees or interest I didn't expect100.0%Untimely responseSource: Consumer Financial Protection Bureau
Created with Highcharts 4.2.3National AverageCharged fees or interest I didn't expect5.7%4.1%2.5%5.2%82.2%0.3%Untimely responseClosed with non-monetary reliefClosedClosed with monetary reliefClosed with explanationIn progressSource: Consumer Financial Protection Bureau

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