Installment loan Problems when you are unable to pay
Opportunity Financial, LLC Consumer Loan department,
Installment loan Problems when you are unable to pay Virginia
I took a loan out with this company in - of 2016. When I took out the loan I understood what the initial payment would be and was told that I would pay lower increments each month. However, I did not understand that the interest would decrease at the slow rate in which it is currently decreasing. Because last month was - and personal and property taxes were due. I was unable to pay the minimum amount of -. ( I have been paying an excess of - a month on this - loan since - with the first payment being 0ver - ) I therefore, contacted the company and agreed to pay $350.00 of the balance. I was told that the addtional would be added to the balance of - 's payment. Now, this month they are showing a minimum of -. - due and with the additional amount left from last month. I am having to pay $660.00 this month. I called the company to see if a lower payment could be negotiated and was told that an arrangement could not be made on an arrangement. I am totally frustrated with this loan company. I borrowed $3000.00 from this company in - with 160 % interest rate, I am scheduled to make monthly payments for a year. I read an article about another payday loan company overcharging in interest rate for consumers of Virginia and realized at this point that I, too, am being overcharged in interest rates. The comapny I am referencing is Opportunity Ficnacial, LLC. I am seeking assistance in getting lower monthly payments and adjustment to my interest rate.
Opportunity Financial, LLC customer in Virginia
Jan 31, 2017
* Source: CFPB Complaint Database
Opportunity Financial, LLC response to complaint:
Closed with explanation
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