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 Posted: Mon Dec 18, 2006 1:05 pm Subject: Upfont payday |
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Has anyone dealt with this company??
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v_padgett
Joined: 01 Dec 2006
Posts: 85
Debtcc Points: 2425
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| Posted: Mon Dec 18, 2006 1:26 pm Subject: |
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Is it a storefront lender or an IPDL? Do you have their address or the parent company name?
What state are you in where they gave the loan?
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BuildingWealth
Debt Samaritan
Joined: 30 Jun 2006
Posts: 500
Debtcc Points: 4962
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| Posted: Mon Dec 18, 2006 1:37 pm Subject: |
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Illinois and I have paid them a total of 775.00 on a 300.00 loan www . upfrontpayday . com the loan is paid in full but that is the total amount that i paid for it
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v_padgett
Joined: 01 Dec 2006
Posts: 85
Debtcc Points: 2425
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| Posted: Mon Dec 18, 2006 1:41 pm Subject: |
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This is the law in IL
| Quote: | Legal Status: Legal
Citation:
815 Ill. Comp. Stat. Ann. ยง 122/1-1
Loan Terms:
Maximum Loan Amount: lesser of $1000 or 25% gross monthly income
Loan Term: 13-45 days
Maximum Finance Rate and Fees: $15.50 per $100
Finance Charge for 14-day $100 loan: $15.50
apr for 14-day $100 loan: 403%
Debt Limits:
Maximum Number of Outstanding Loans at One Time: Two
Rollovers Permitted: None (cannot rollover)
Cooling-off Period: 7 days after 45 consecutive loan days
Repayment Plan: Yes
Collection Limits:
Collection Fees: One $25 NSF fee (Presentment limit = 2)
Criminal Action: Prohibited
Where to Complain, Get Information:
Regulator: Illinois Division of Financial Institutions
Address: Consumer Credit Section, 320 W. Washington Springfield, IL 62701
Phone: (888) 298-8089
Fax:
Regulatory Contact: Phil Sanson,, Acting Consumer Credit Assistant Supervisor
http://www.state.il.us/dfi/ccd/ccd_main.htm |
Is the company marking your account PIF?
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BuildingWealth
Debt Samaritan
Joined: 30 Jun 2006
Posts: 500
Debtcc Points: 4962
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| Posted: Mon Dec 18, 2006 1:42 pm Subject: |
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it is already paid in full but I have paid so muck 775.00 on a 300.00 loan that is my problem do you think i could have a chance at a refund??
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v_padgett
Joined: 01 Dec 2006
Posts: 85
Debtcc Points: 2425
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| Posted: Mon Dec 18, 2006 1:50 pm Subject: |
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Legally speaking, you should get a refund after you can prove that the account is paid in excess. Few companies are easy to send the refund while many won't. In that case, you can think of hiring an attorney because this is your money and the excess amount should be returned to you.
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BuildingWealth
Debt Samaritan
Joined: 30 Jun 2006
Posts: 500
Debtcc Points: 4962
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