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 Posted: Sun Dec 10, 2006 4:18 pm Subject: Formula to figure out if have paid legal interest |
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OK so I'm hopeless at math- I'm trying to write the letters to the companies and some i feel owe me refund ie paid back over 800 on a 400 loan with starlight....do I just take the CA legal rate and say you could only charge me $15 per hundred so all I should have paid was $60? And ask for the rest in a refund?? It's all a bit of mystery as according to the CA laws they shouldn't have loaned me more than $300 anyway
I'm feeling really stupid at how to do this!
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mskimmers
Joined: 26 Oct 2006
Posts: 48
Debtcc Points: 1922
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| Posted: Sun Dec 10, 2006 6:11 pm Subject: |
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The legal rate in CA is 15% per $100. So the finance charge is$ 60. Your refund should be about $340. Also make sure the are license to do business in your state. This website http://www.paydayloaninfo.org has alot of information on how to deal with pdl's Under the CA page, there is a link to see if the have a license. Use this information to help get that refund. Stay strong!!!
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bdouble
Debt Samaritan
Joined: 15 Jun 2006
Posts: 356
Debtcc Points: 4465
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| Posted: Sun Dec 10, 2006 9:52 pm Subject: |
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mskimmers is you need a template letter to request this refund you can find it on my blog site, keep us posted on the outcome
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PDLFREE
Joined: 07 Oct 2006
Posts: 1264
Debtcc Points: 18243
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