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Posted: Mon Jan 21, 2008 8:47 am Subject: Figuring Amount to Pay Off

Help! I have read the laws for Florida and I can not figure out how much I actually owe to make an offer to pay off. If I have an original loan for $300 and I have made 3 $120 monthly payments with rollover, extension ... have I paid it off according to law? What is the way to figure it out? I feel dumb asking, but with all the numbers I am confused.

Posted: Mon Jan 21, 2008 8:49 am Subject:

If I did it correctly, you owe $300 plus the 10%. So it looks like you overpaid by $30.00

I may be wrong though and the experts will be by with more information.

Posted: Mon Jan 21, 2008 12:47 pm Subject:

For Florida you have to be careful - It would depend on the company. If the company is acting as a CSO the calculations would be different. If they are acting as a pdl then the posted laws would apply.

Posted: Tue Jan 22, 2008 4:24 am Subject:

i think you should check out on your state laws. if you feel that it is becoming too much for you to handle, then take professional help. i am not very good at numbers myself, but if you have over-paid, you should ask for a refund and i think it is best to take expert help regarding this.