I live in Minnesota and three of my paday loans are not licensed in Minnesota, cash central; paydayok and paydayselect. does that mean I can write a complaint to my attorney general and get my accounts marked paid in full? I've rolled the over many times, and paid alot of interest and fees, they are currently in default.

Have you figured out how much you have paid total with the rollovers? Also, how much was each of your loans for?

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BROWNSUGAR!!

joymiske -

I would suggest filing that complaint to your Attorney General right away. Make sure you include all the details you've just given here. After you file the complaint, write a letter to the lenders, requesting you be marked paid in full, and revoking their authorization to debit your bank account. (There's a great letter on Pollyandsay's blog on this site.)

By doing both, you should be on your way to getting these loans marked as paid in full. However, keep an eye on your bank account. You may have to close it and open another account to prevent these companies from debiting your account under another "doing business as" name.

Brownsugar is correct in her questions above, though - you need to be sure you have paid back the amount you borrowed, plus the state allowed interest. If you have already done so, then you should go ahead with your complaint to the Attorney General.

You may have a bit of a fight on your hands, but in the end, you will prevail!

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A journey of a thousand miles begins with a single step...and becoming debt free is a journey!

Thanks! is there a letter on polly's site or should I just send my own?

Yes, there is a letter on Polly's site

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BROWNSUGAR!!

joy - I definitely recommend using Polly's letter - it's very well worded. Look under "blogs" on the left side of this screen and then find Pollyandsay's blog.

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A journey of a thousand miles begins with a single step...and becoming debt free is a journey!

The address is http://pollyandsay.yesdebtfree.org/template-letter/

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BROWNSUGAR!!