Makwa Finance Makwa, LLC d/b/a Makwa Finance ("Makwa”), is a wholly owned subsidiary of LDF Holdings, LLC, Overcharged over $500 on a 52-day loan. Lac du Flambeau Wisconsin

Smear tactics will not make me remove my post..

 The previous poster told you EXACTLY how it is and pointed out YOUR mistakes. There was NOTHING wrong with what he wrote but the poor little baby just can't stand to be corrected. Isn't that such a shame. Maybe if you go stomp your feet some more, you'll feel a lot better!

And you sir, are very rude!

First, I am not the person who provided you the loan.  Second, you were stupid enough to take a loan signing an application, but not getting the documents for it.  Third, it is not illegal to charge that must interest since usury laws were struck down by the US Supreme Court in the 1970's.  Fourth, it is more than likely that since you borrowed from a soverign indian nation, even if there were usury laws in your state - those laws would not apply in a soverign indian nation.

Many loans like this will have interest rates anywhere from 500%-1500% or more, so yes a loan of just under 700% might be about right.  It's too late now, but next time you should ask for documents related to any loan you take that list down the interest rate on the loan.  Never take anyone's word for anything since none of whatever they tell you is binding on them.

$700 repaid in 2 months at 700% per annum APR has a total interest of $162.32. Not $700. What you do is illegal. You are crooks.

Before I made a $700 loan with Makwa I asked the man that called to finalize the application if I paid off the loan in 60 days, how much total would I have to pay. I was told approximately $900.  It doesn't matter what you were told; it only matters what the document you signed says.  You need to look at your loan agreement and find out what the % rate on the loan was.  You also have to include loan fees and other sorts of things that might be a part of your loan.

Now, had you asked what the loan's interest rate was, then that might be something you could hold the person you spoke with to.  If the % was correct, then whatever you owe is whatever you owe.  At this point, there is no obligation to make anything right because what you paid is probably correct based on the loan doc you signed.