Consumer complaint received 2025-01-14 00:00:00
Product: Payday loan, title loan, personal loan, or advance loan — Installment loan
Issue: Struggling to pay your loan — 
Company: Kashable LLC
State: GA

Complaint narrative:
I took out a loan from Kashable for {$4500.00}, with an APR of XXXX % and an origination fee of {$140.00}. The loan was marketed to me through my previous employer as an alternative to borrowing against my XXXX ( k ). Financial hardship caused by a job change led me to default on the loan, but I made payments whenever I could afford to and fully repaid the loan in XX/XX/year>. 
During my financial difficulties, I contacted Kashable multiple times to request assistance or relief in continuing payments. Kashable refused my requests, leaving me with no options to avoid defaulting. Despite my efforts to resolve the debt, Kashable has continued reporting late payments on my credit report, I also filed a dispute with the credit bureaus regarding the late payments, but I have not been successful in having them removed. Kashable has refused my requests for a goodwill adjustment or pay-for-deletion, despite my full repayment of the loan.

Additionally, I believe Kashable may have violated Georgia state laws by applying Virginia law to the contract. As a Georgia resident, state laws should govern the loan agreement. Georgia law has strict consumer protection statutes, and I question whether the terms of the contract, particularly the high APR and origination fees, comply with these laws. I am also concerned about whether this loan was marketed fairly through my employer. 
I respectfully request a review of Kashables practices, including their compliance with Georgia consumer protection laws and the Truth in Lending Act ( XXXX ). I also ask for assistance in removing the negative reporting from my credit report, as the continued reporting of late payments is harming my creditworthiness. 

Potential Georgia Law Violations Application of Virginia Law vs. Georgia Law : The contract states that Virginia law governs the agreement, but Georgia law may supersede this for loans issued to Georgia residents, especially regarding consumer protections and interest rate limits. Courts often prioritize the borrower 's home state laws when conflicts arise.

Impact : Georgias laws could void or alter parts of the agreement if they provide stronger protections for consumers. 
Predatory Lending Practices : Georgia prohibits abusive or predatory lending practices, including loans marketed in ways that exploit financial hardship or fail to clearly disclose terms. If the loans marketing as an " alternative to borrowing against a XXXX ( k ) '' was misleading or if fees and rates were excessive, this could be grounds for regulatory action. If I had borrowed against my XXXX I would only have insured an XXXX % interest rate. 
Interest Rates and Fees : While the loans XXXX of XXXX % may not explicitly violate Georgia 's usury laws for larger loans, the origination fee of {$140.00} could be scrutinized as excessive or unfair. Combined, these costs might classify the loan as predatory under Georgias Fair Lending XXXX ( XXXX ) if the borrower was not provided clear disclosures or options. 
Reporting Accuracy : If Kashable inaccurately reported any details about the loan ( e.g., dates of default, late payments after the loan was repaid ), it could violate the Fair Credit Reporting Act ( FCRA ).

Company response to consumer: Closed with explanation