A wholly owned subsidiary of the Lac du Flambeau Business Development Corporation, a wholly owned and operated economic arm and instrumentality of the Lac du Flambeau Band of Lake Superior Chippewa Indians ("Tribe”), a federally recognized Indian tribe. Makwa, LLC dba Makwa Finance is organized and in good standing under the laws of the Tribe. Makwa, LLC dba Makwa Finance is a duly licensed Financial Services Licensee of the Lac du Flambeau Tribal Licensing and Regulatory Authority, an independent regulatory body of the Tribe.
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. That seemed high but fair since it is a high interest loan, so I finalized the transaction.
I paid three payments of $208 ($624) and then called to pay off the balance. I was told the balance to pay off the loan was $780, which would make the total paid on a $700 loan $1,404 for a loan for 52 days. I told them that was not what I was told by the man who finalized the application with me and they said sorry for the inconvenience, but did not offer to make the situation right.
Makwa Finance Reviews
A wholly owned subsidiary of the Lac du Flambeau Business Development Corporation, a wholly owned and operated economic arm and instrumentality of the Lac du Flambeau Band of Lake Superior Chippewa Indians ("Tribe”), a federally recognized Indian tribe. Makwa, LLC dba Makwa Finance is organized and in good standing under the laws of the Tribe. Makwa, LLC dba Makwa Finance is a duly licensed Financial Services Licensee of the Lac du Flambeau Tribal Licensing and Regulatory Authority, an independent regulatory body of the Tribe.
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. That seemed high but fair since it is a high interest loan, so I finalized the transaction.
I paid three payments of $208 ($624) and then called to pay off the balance. I was told the balance to pay off the loan was $780, which would make the total paid on a $700 loan $1,404 for a loan for 52 days. I told them that was not what I was told by the man who finalized the application with me and they said sorry for the inconvenience, but did not offer to make the situation right.