I am from MI and I have payday loans with Hydra Financial and VIP Loans. They keep debiting $150 out of my bank account every 2 weeks. I can't keep this up for very long. Are they even legal in my state?
Contact with Michigan Office of Financial and Insurance Services to know whether or not the pdl companies are licensed in your state. But I think VIP loans is an illegal lender. So you are required to pay them only the principal amount. Ask them for the refund, if you have overpaid them. Close your bank account immediately to stop unauthorized withdrawal. You may check out this page to know about how to deal with illegal lenders: http://www.debtconsolidationcare.com/paydayloan/dealingwith-illegallenders.html
both are illegal in MI,and hydra is in new zealand so go to the link spaceblank provided and follow every step.the first being the most important being close your account and open a new one.if what you posted is accurate both places owe you.do that and keep us posted.
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Credits: 7020.7 Send message to Tyler
Contact with Michigan Office of Financial and Insurance Services to know whether or not the pdl companies are licensed in your state. But I think VIP loans is an illegal lender. So you are required to pay them only the principal amount. Ask them for the refund, if you have overpaid them. Close your bank account immediately to stop unauthorized withdrawal. You may check out this page to know about how to deal with illegal lenders:
http://www.debtconsolidationcare.com/paydayloan/dealingwith-illegallenders.html
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both are illegal in MI,and hydra is in new zealand so go to the link spaceblank provided and follow every step.the first being the most important being close your account and open a new one.if what you posted is accurate both places owe you.do that and keep us posted.
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