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 Posted: Tue May 13, 2008 10:32 am Subject: In need of help
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I posted on Friday that I closed my bank account, but now it's reopened. Three loans were supposed to come out that day and all of them got returned.
Well, today I got a call from CashCentral saying I owed them $377 for a $300 loan, plus an $87 returned item fee.
First of all, are refinances the same as rollovers? Because I know in Florida, where I live, rollovers aren't allowed.
Also, they said I would have to pay the balance in full by the 27th through Western Union or some other wire transfer business. She wouldn't give me an address to send a money order.
My question is, how much money am I legally obligated to pay them?
So far, I believe I've paid $160 something on the original $300 loan for refinancing.
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inrealtime81
Guest
Debtcc Points: 100
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Posted: Tue May 13, 2008 11:07 am Subject: In need of help
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If the company you are dealing with is illegal then you are only obligated to pay back the principle. So you only owe $140.
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purplegirl69
Joined: 26 Feb 2008
Posts: 251
Debtcc Points: 3475
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Posted: Tue May 13, 2008 11:18 am Subject:
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I'm pretty sure it's legal. It was over the internet and their Web site says it's licensed in FL, though I can't actually see their license on the Web site. I told the lady on the phone I would pay it, but it would have to be in installments, not just through refinancing. She said that wasn't allowed in FL.
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unabridged81
Joined: 13 May 2008
Posts: 1
Debtcc Points: 12
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