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 Posted: Mon Aug 18, 2008 1:28 pm Subject: help help help!!! |
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okay I have loan and I closed my account so they would stop takig $74 out overy payday. I have been paying then $74 a payday since March..so roughly I have paid at least $740 on a $200 loan. I have closed my account, should I give my new checking information and continue to pay, or just settle with 247advances when they contact me for non payment? or from what I have read have i paid my loan back and no longer owe anything?
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mymaddie
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| Posted: Mon Aug 18, 2008 1:30 pm Subject: |
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WHAT!!!!
What state are you in??? You have been paying since March!!!???
In NO MEANS are you to give them your new account information, do a search and read up on this company!
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danilewis82
Joined: 05 Aug 2008
Posts: 266
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| Posted: Mon Aug 18, 2008 3:07 pm Subject: |
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danilwis82 is right, do not give them any info or you will be in the same spot again. I think, not knowing what state you reside in, that you OVERPAID THEM ENOUGH...give us the information that danilewis82 has asked for and we will help you.
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ladybug
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| Posted: Mon Aug 18, 2008 3:12 pm Subject: |
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amen, lets get this started. Hi everyone.
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Lukeskywalker
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| Posted: Mon Aug 18, 2008 3:26 pm Subject: |
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Actually, some state's have no limits on what can be charged, so depending on the state this poster lives in, it is possible that the loan is legal.
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goudah2424
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| Posted: Mon Aug 18, 2008 4:22 pm Subject: |
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You may have over paid this company. Please tell us which state you are in so someone can post your state laws for you.
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wssu91
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| Posted: Mon Aug 18, 2008 4:42 pm Subject: |
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I am in Arizona....and I know the laws say they can re new the account more then 3 times. What do I do??I have another post that I went into more detail...should I copy and paste that?
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Mymaddie
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| Posted: Tue Aug 19, 2008 4:40 am Subject: |
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Please be patient. Some one will be here to post the laws for AZ.
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wssu91
Joined: 31 Mar 2008
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| Posted: Tue Aug 19, 2008 6:37 am Subject: |
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Yes, please come back and copy and paste, here are the laws, it says their is a limit to what they can charge you in fees
Legal Status: Legal
Citation:
Ariz. Rev. Stat. ยง 6-1251 et seq.
Loan Terms:
Maximum Loan Amount: $500
Loan Term: Min: 5 days
Maximum Finance Rate and Fees: 15% of check
Finance Charge for 14-day $100 loan: $17.65
apr for 14-day $100 loan: 459%
Debt Limits:
Maximum Number of Outstanding Loans at One Time: One
Rollovers Permitted: Three (extensions)
Cooling-off Period:
Repayment Plan:
Collection Limits:
Collection Fees: $25 NSF fee + actual charges assessed by the financial institution
Criminal Action: Prohibited
Where to Complain, Get Information:
Regulator: Arizona Department of Financial Institutions
Address: Financial Enterprises Division, 2910 N. 44th Street, Suite 310 Phoenix AZ 85018
Phone: (800) 544-0708
Fax: (602) 381-1225
Regulatory Contact: Robert Charlton,, Assistant Superintendent of Banks
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danilewis82
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| Posted: Tue Aug 19, 2008 10:26 am Subject: |
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Great...thank you soo much!!
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mymaddie
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