Consumer complaint received 2019-08-23
Product: Payday loan, title loan, or personal loan — Payday loan
Issue: Can't contact lender or servicer — 
Company: CreditNinja Lending, LLC (SC)

In XXXX, I foolishly took out a loan with CreditNinja. This is a payday loan yet CreditNinja did not align my paydays. I requested that they line by payment dates up with my paydays as they were supposed to do when the loan was issued. CreditNinja did so BUT increased my payment amounts. This is predatory lending!!! 

I was taken fully advantage of with this bait and switch tactic. I borrowed {$1000.00} and have repaid {$440.00}. I have {$550.00} remaining to repay what I borrowed. 

On XXXX XXXX, I submitted a complaint demanding that CreditNinja agree to new payment terms of {$50.00} per month paid via check for 12 months for a total of {$600.00} bringing my total payments to {$1000.00}. I demanded my account be marked CURRENT/UP TO DATE/IN COMPLIANCE/IN GOOD STANDING with this arrangement. 

CreditNinja responded to the XXXX XXXX complaint with a letter dated XXXX XXXX. I, however, did NOT receive notification until XXXX XXXX. 

This letter stated " As a one-time courtesy to you, we have added a note on your account to reflect XXXX dollars ( {$50.00} ) due monthly via check, beginning on XX/XX/XXXX, until your remaining balance is paid. As of XX/XX/XXXX, interest was halted and will not accrue any further. As of XX/XX/XXXX, your remaining balance is {$1500.00}. '' I did not agree with these terms and responded to the CFPB complaint that I would contact the company directly. 

On XX/XX/XXXX, I sent an email to the company. It read : " I borrowed {$1000.00} and have repaid {$460.00}. I have {$530.00} remaining to repay what I borrowed. I demand CreditNinja agree to new payment terms of {$50.00} per month paid via check for 12 months for a total of {$600.00} bringing my total payments to {$1000.00}. I want my account marked CURRENT/UP TO DATE/IN COMPLIANCE/IN GOOD STANDING. 
I did not receive the response from Credit Ninja until XXXX XXXX as it was not sent to me but via the third party, the Consumer Financial Protection Bureau. As a counter response I agree to : 1. First payment of {$50.00} due XXXX XXXX rather than XXXX XXXX as I was not notified of the acceptance of this payment arrangement in a timely enough fashion to have it begin in XXXX. 2.  Interest continues to be halted and not accruing which means my interest free balance is actually, {$530.00} to repay the {$1000.00} interest free. 3. Payments will be made by check by the XXXX of each month for XXXX, XXXX, XXXX, XXXX, XX/XX/XXXX ; XXXX, XXXX, XXXX, XXXX, XXXX and XXXX ( {$39.00} ) XXXX 4. My account is immediately marked CURRENT/UP TO DATE/IN COMPLIANCE/IN GOOD STANDING '' On XXXX XXXX, CreditNinja simply responded " Our letter response was required to be submitted within the same CFPB portal platform. Your XXXX payment will still be accepted after today ( XX/XX/XXXX ). Please continue to submit your payments by the XXXX of each month until your remaining balance is paid, as noted in our letter response. '' None of what I stated in my email was addressed. 

There is NO rule or regulation stating CreditNinja may only communicate to me via CFPB. This is absolutely false and is yet another demonstration of this company 's horrendous customer service. 

On XXXX XXXX, I sent a response email with the same demands as in my XXXX XXXX email. 

On XXXX XXXX, I followed up as I had no response. 

On XXXX XXXX, I followed up as I had no response. 

On XXXX XXXX, I followed up as I had no response. 

On XXXX XXXX, CreditNinja responded : " Our letter response was required to be submitted within the same CFPB portal platform. We are not sure what response you continue to be looking for at this time but your account is now in collections, the agreement is that the interest has stopped on the loan but you are responsible for {$50.00} a month payments until the loan is paid off. We are unable to change the status of your account. We have a duty to report your actual payment performance and we will furnish that information accurately. '' Again, there is NO such requirement as CreditNinja claims. CreditNinja has a duty to communicate with me not via CFPB. They have failed to do so in a timely fashion. They have put me in collections when I have made EVERY EFFORT to ratify an agreement. CreditNinja has no right to put me in collections when an agreed upon solution has not been entered into. 

This is predatory, dishonest lending.