MaxLend Makes Cents Inc Excessive Fees Parshall North Dakota

. On 3 Aug 2017, I found myself in a personal financial crisis. I very foolishly applied for a loan with Makes Cents Inc. d/b/a "MaxLend” ("Tribe”) and was approved for $1100. I was never informed of what the interest rate would be and found myself in a cycle where I could not afford to get out from under the loan due to the payments. I made one payment of $137.19; fifteen payments of $244.61 for a total of $3,669.15; and one payment of $445.81. All said I paid $4,252.15 for a $1,100 loan. I paid 286% interest ($3,152.15). This is outrageous. Once that loan was paid off, I was enticed back for another and I needed it due to the financial distress the first loan put me in…as a result, on 26 Mar 2018, I took another loan for $1500 and have paid as of 4 May, $925.90. All told, I have borrowed $2600 from Makes Cents Inc. d/b/a "MaxLend” ("Tribe”) and have paid a total of $5178.05, nearly double the value of the loans. I have paid a total of $2,578.05 in interest which equates to 99% of the $2600 borrowed. In researching this with my financial advisor, the average interest rate for individuals with poor credit is around 35% which would be $936 on a $2600 loan. Makes Cents Inc. d/b/a "MaxLend” ("Tribe”) has profited significantly from my stupidity and desperation. I ask that Makes Cents Inc. d/b/a "MaxLend” ("Tribe”) do the just and right thing and mark my account as paid in full and closed. I have paid a total of $5178.05 to Makes Cents Inc. d/b/a "MaxLend” ("Tribe”) when I borrowed just $2600. A $2600 loan should not cost me nearly double to repay.