| Message |
Author |
 Posted: Fri Feb 01, 2008 3:04 pm Subject: How do I get started working with Langhorne to help me? |
|
|
I have 11 pay day loans. I've never been late and paid the fees(one which raises its annual percentage rate ever pay period) and I try to add more to the pot. 4 of them are u.k. accounts. I tried to talk to some of these paypal accounts. Two skipped one pay period but the others, espcially the U.K.'s one would not listen. I don't want to stiff anybody but I need space between paychecks to pay them off not inclucing my other bill, RENT. Some of the finance charges are three digits and its hard to pay down a $120 fee plus 50 or 150 plus 75. I need someone to help me work with these payday loans so I can pay one bunch one month and another the next month without the loan shark fees. Another pay period is coming up on the 15th. Help. I live in New York City. Thanks
|
|
bronxsurfer
Joined: 01 Feb 2008
Posts: 5
Debtcc Points: 231
|
|
|
| Posted: Sat Feb 02, 2008 12:24 am Subject: |
|
|
Wow Bronx surfer these people are really ripping you off. First, I believe that payday loans are illegal in New York. I could be wrong and if I am someone will be alone. UK payday loans are illegal and the worst of the worst. You should read the information at the top of the page on closing your bank account. If appropriate please close it asap. This will stop them from taking your hard earned money and allow you to pay the important bills like rent and food. Please list the name of each payday lender, how much borrowed, how much paid. Someone will be along to help you further but if you can close that account. I would wager a bet that you have probably way overpaid these slimeballs. I will post the state laws.
|
|
stargzr
Joined: 26 Nov 2007
Posts: 270
Debtcc Points: 2690
|
|
|
| Posted: Sat Feb 02, 2008 12:31 am Subject: |
|
|
| Quote: | New York State Information
Legal Status: Prohibited
Citation:
Licensed lender law applies but interest rate is that agreed to by contract. N.Y. Banking Law § 340 et seq. A check casher licensee cannot make loans nor cash or advance any moneys on a post dated check unless it is a payroll check. N.Y. Banking Law § 373. Criminal law sets the usury cap at 25%. N.Y. Penal Code § 190.40.
Small Loan Rate Cap
25% per year
Where to Complain, Get Information:
Regulator: New York State Banking Department
Address: One State Street New York NY 10004
Phone: 1-877-BANK-NYS
Fax:
Regulatory Contact: Regina A. Stone Deputy
http://www.banking.state.ny.us/ |
|
|
stargzr
Joined: 26 Nov 2007
Posts: 270
Debtcc Points: 2690
|
|
|
