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09-01-2009, 08:17 AM
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Guest
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Sub:
No rollovers please explain
I am trying to understand what no rollovers mean, in Illinois it is illegal to Rollover your loan, is that the same as extending it? TIA
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09-01-2009, 09:05 AM
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Sub:
yes they are the same thing.basically you have to payoff after two weeks.then you can re-loan,but anything besides that is considered a rollover.
__________________
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09-01-2009, 09:43 AM
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Guest
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Sub:
So when a payday lender "extends" my loan they are actually rolling it over? That is totally illegal in Illinois, a lot of places make you contact them to pay off the amount or they automatically roll it over. How do these companies get away with this BS?
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