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 Posted: Fri Aug 29, 2008 6:20 pm Subject: More Payday loans in Texas |
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We have five payday loans here in Texas. 1) Cash America. $881.51, interest $149.51. 2) EZ Money $1113.55, interest $188.55. 3) Quick Cash $979.34, interest $166.34. 4) Fast Cash Advance $550.60, interest $100.60. 5) Check n Go. $926.10, interest $156.10. We pay the interest on these every 2 wks when my husband gets paid, which is almost taking up his entire paycheck. It is getting to the point that we can't make our rent or car payments. We don't want to default but we can't lose our vehicles either. Has anyone dealt w/any of these companies? Do we have any options?
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wrightconnie38
Joined: 29 Aug 2008
Posts: 1
Debtcc Points: 14
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| Posted: Sat Aug 30, 2008 4:21 am Subject: |
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PDL laws in Texas are: -
| Quote: | Loan Terms:
Maximum Loan Amount:
Loan Term: 7-31 days
Maximum Finance Rate and Fees: $10 per loan + 48% annual interest
Finance Charge for 14-day $100 loan: $12
apr for 14-day $100 loan: 309%
Debt Limits:
Maximum Number of Outstanding Loans at One Time: Not Specified ($500 aggregate loans outstanding to all licensees)
Rollovers Permitted: None (if renewal charge is less than maximum interest rate permitted; otherwise convert to declining balance installment note)
Cooling-off Period:
Repayment Plan:
Collection Limits:
Collection Fees: Not Specified
Criminal Action: Not Specified |
But I don't think that EZ Money is a payday loan.
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phoenix
Joined: 14 May 2008
Posts: 867
Debtcc Points: 5618
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| Posted: Mon Sep 29, 2008 7:12 pm Subject: pdloan |
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what did you end up doing? I have loans at the same places?
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texastoo
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Debtcc Points: 100
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