Consumer complaint received 2023-12-17
Company: OPORTUN FINANCIAL CORPORATION
State: FL
Product: Payday loan, title loan, personal loan, or advance loan
Sub-product: Installment loan
Issue: Charged fees or interest you didn't expect

Complaint:
Page 1 of 3 AFFIDAVIT The State of XXXX XXXX of XXXX ) ) S.S. 
) I, XXXX XXXX XXXX, of XXXX XXXX XXXX XXXX XXXX, Florida XXXX, in XXXX XXXX, Florida, MAKE OATH AND SAY THAT : XXXX. My name is XXXX XXXX XXXX. 
XXXX. My place of residence is XXXX XXXX XXXX XXXX XXXX, Fl XXXX. 
XXXX. I was reading over my contract with Oportun. 
XXXX. While reading my contract, I noticed my interest rate was 30.65 % XXXX. XXXX  XXXX INTEREST AND USURY ; LENDING PRACTICES states : XXXX XXXX  contracts defined. 
( XXXX ) All contracts for the payment of interest upon any loan, advance of money, line of credit, or forbearance to enforce the collection of any debt, or upon any obligation whatever, at a higher rate of interest than the equivalent of XXXX percent per annum simple interest are hereby declared usurious. However, if such loan, advance of money, line of credit, forbearance to enforce the collection of a debt, or obligation exceeds {$500000.00} in amount or value, then no contract to pay interest thereon is usurious unless the rate of interest exceeds the rate prescribed in s. XXXX. 
( XXXX ) As amended by XXXX  XXXX, Laws of Florida, XXXX XXXX, Laws of Florida, which amended subsection ( 1 ) : ( a ) Shall apply only to loans, advances of credit, or lines of credit made on or subsequent to XX/XX/1979, and to loans, advances of credit, or lines of credit made prior to that date if the lender has the legal right to require full payment or to adjust or modify the interest rate, by renewal, assumption, reaffirmation, contract, or otherwise ; and ( b ) Shall not be construed as diminishing the force and effect of any laws applying to Affidavit Page 2 of 3 loans, advances of credit, or lines of credit, other than to those mentioned in paragraph ( a ), completed prior to XX/XX/1979. 
XXXX. XXXX  XXXX INTEREST AND USURY ; LENDING PRACTICES states clearly that my interest rate can not exceed XXXX XXXX XXXX. Oportun is in violation of XXXX  XXXX INTEREST AND USURY ; LENDING PRACTICES. 
XXXX. Just to let you know I have filed a compliant with the Attorney General XXXX XXXX and also sent her a copy of this affidavit and the contract. 
XXXX. I have also filed a complaint with the XXXX XXXX XXXX and sent them a copy of this affidavit and the contract. 
XXXX. I have also filed a compliant with the consumer financial protection bureau and sent them a copy of this affidavit and the contract. 
XXXX. Also the contract that was given to me was not in XXXX. 
XXXX. I do not know how to read or speak XXXX. 
13. 15 U.S. Code 2306 - Service contracts ; rules for full, clear and conspicuous disclosure of terms and conditions ; addition to or in lieu of written warranty The Commission may prescribe by rule the manner and form in which the terms and conditions of service contracts shall be fully, clearly, and conspicuously disclosed.

14. This contract that was not a clear and conspicuous contract.

Company response to consumer: Closed with explanation