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amyoung4

I posted before but I wanted to know if anyone can help me with figures Smile

Im in Ohio. I first took out $500 In Jan07. I have had 571.42 dispersed to me. I have paid a total of 924.66 so far. I still owe the original 500 plus interest on my next payment. Can you please tell me what, if any I have overpaid according to my state laws. Im not even worried about a refund i just want ot be able to have figures when I write them. Thank you. i am going to my bank today to close my account- everythng has cleared. thanks so much to all who help on this site!!!!!!!!!!!!

Posted: Mon Oct 15, 2007 12:38 pm Subject:

Amy, what stae are you in. I need to see your state laws , but I am pretty sure you DO NOT owe them 500.000. It seens like you have overpaid

Posted: Mon Oct 15, 2007 1:10 pm Subject:

I agree with Kashzan ~ With already paying over $900, I would think that you have paid this off. I am not familiar with Ohio state laws, but am sure someone will come along and provide you with them or you can do some searching in the search box at the top of the page. I am sure you will be able to find quite a bit of information about PDLs in Ohio.

Guest · Posted: Mon Oct 15, 2007 4:51 pm Subject:

Im in OHIO I just dont have any idea how to figure this. THANKS!!!!!!!!!!!

Posted: Mon Oct 15, 2007 5:22 pm Subject:

Amy,
I had a loan with PayDayOK also. After joining this forum, I closed my checking account, and wrote PayDayOK that their loan was not legal in my state, and that I had already paid for several rollovers. The next day I got an email from them stating that they were sorry I was unhappy with their service, and they they considered my loan paid in full. I never heard from them again.
There are some great letter templates on this site. Perhaps you will get the same response. Best of Luck!

Posted: Mon Oct 15, 2007 5:25 pm Subject:

OMG, yes, yes!!!!!!!! Way to Go jazznkoker8, yes. I am so happy for you, yes....that is great...you get a big hug Community Hug

Posted: Mon Oct 15, 2007 5:31 pm Subject:

PayDayOK, and PayDay Select are the same company, I got PIF letters from both of them. My sister did too!

Posted: Mon Oct 15, 2007 5:33 pm Subject:

OOPS! Forgot to give the credit to the great folks in this forum! Without their advice, I would not have gotten rid of these two! YOU GUYS ARE THE BOMB!!!

Posted: Mon Oct 15, 2007 5:34 pm Subject:

That is so incredible. I am so proud of both of you and very happy too. I hope you stay with us and share your knowledge with those who need help here to get out of thier payday loan nightmares. There is always someone here who needs a helping hand.

Posted: Mon Oct 15, 2007 5:41 pm Subject:

i am so happy for you! let me give one of my Community Hug

Posted: Mon Oct 15, 2007 5:44 pm Subject:

Thank you guys. Without all of you I would not have known what to do. I am here to stay. Call it "Paying it forward". If each person reaches out to someone else, we get a real wave going here!

Posted: Mon Oct 15, 2007 5:49 pm Subject:

Our "wave" is very strong...and it gets stronger with each person who chooses to stay and help us fight and learn....Welcome!!!!

Posted: Mon Oct 15, 2007 5:51 pm Subject:

wave it people, wave it. Im glad your here to stay. We are family,....sing it.

Posted: Tue Oct 16, 2007 7:14 am Subject:

I'm confused - How much did you borrow total? $571.42 is an odd figure . . . . Is that the total you owed?

In Ohio, no rollovers are allowed, so it would be $10 for every $100, plus 5%. For a $500 loan it would be $575.

amyoung4 · Posted: Tue Oct 16, 2007 10:38 am Subject:

I borrowed $500, on two occasions I refinanced- the deposit to my account was the difference from what I owed for the payment and the interest payment I still had to pay. It really doesnt matter tho cause thanks to this great web site, i sent a email to them last night and got a PIF already today!!!SO AWESOME

Posted: Tue Oct 16, 2007 10:43 am Subject:

That is great! Payday OK is a pretty good company to deal with - They are one of the best about "correcting" their mistakes . . . . .

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