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 Posted: Thu Aug 07, 2008 12:21 pm Subject: Colorado laws on payday loans |
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I recently had a question about getting help with my payday loans. I got replys that indicated more information was needed. Well here it is. All my loans are over the internet and they are as follows:
B.I.G. 200
US Fast Cash 300
Cash Direct Express 300
ameriloan 250
The amounts listed above are for the original amount of the loan. I have just been able to pay the extension fees which are approximaely 90 each every two weeks.
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cparks1948
Joined: 04 Aug 2008
Posts: 3
Debtcc Points: 63
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| Posted: Thu Aug 07, 2008 11:20 pm Subject: |
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Laws in Colarado regarding pdls are: -
| Quote: | Legal Status: Legal
Citation:
Colo. Rev. Stat. § 5-3.1-101 et seq.
Loan Terms:
Maximum Loan Amount: $500
Loan Term: Max: 40 days
Maximum Finance Rate and Fees: 20%: $0-$300 + 7.5%: $301-$500
Finance Charge for 14-day $100 loan: $20
apr for 14-day $100 loan: 520%
Debt Limits:
Maximum Number of Outstanding Loans at One Time: One
Rollovers Permitted: One (renewal)
Cooling-off Period:
Repayment Plan:
Collection Limits:
Collection Fees: One $25 NSF fee; Court Costs; Reasonable Attorney's Fees not to exceed loan amount
Criminal Action: Prohibited (Unless the consumer's account was closed before the agreed upon negotiation date)
Where to Complain, Get Information:
Regulator: Colorado Office of the Attorney General
Address: Uniform Consumer Credit Code, 1525 Sherman St., 5th Fl. Denver CO 80203
Phone: (303) 866-4494
Fax: (303) 866-5691
Regulatory Contact: Laura Udis,, Administrator |
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phoenix
Joined: 14 May 2008
Posts: 1081
Debtcc Points: 6075
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Shazzers
Moderator
Joined: 05 Dec 2007
Posts: 5042
Debtcc Points: 31076
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| Posted: Wed Nov 19, 2008 11:14 pm Subject: pay day loans |
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I have a payday loan that I have not voluntaryly paid because the owner/manager of the company phoned a reference i had written on my application, which was approved by Check into Cash. I recall signing a contract with this company in regards to all my information being confidential. I had learned that the owner had disclosed all my personal information, along with threats towards me personally and to my enviroment. These false accusations were incriminating and hurtful because the owner disclosed such slander to my good name. How do i go about handling this frail situation. I am scared that the owner will threaten my life again, or continue to call my friends and family and tell them things that they might find hurtful and believe that these accuations were true about me.
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lisap
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Debtcc Points: 100
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