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 Posted: Thu Jul 19, 2007 7:29 am |
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I live in Texas and have 10 payday loans I'mm going to lose my apt and have to move in with my parents the companies are:
Ace 625.85
Cash Stop 240.17
Cash Store Stop 240.17
Check N Go 366.42
EZ Money 528.51
Purpose Money 528.51
Cash Zone 240.25
Pay Day One 403.25
CREDIT AMERICAN CONSUME 375.
8772825450 BIG Ltd
Little Loan Shop 260.
This is taking my entire paycheck please help
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jeanmartin_77
Joined: 18 Jul 2007
Posts: 1
Debtcc Points: 45
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| Posted: Thu Jul 19, 2007 7:50 am |
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I split this from the sticky . . .
It looks like the first 5 or 6 are storefronts - correct?
| Quote: | Texas State Information
Legal Status: Legal
Citation:
7 Tex. Admin. Code § 1.605; Tex. Fin. Code Ann. §§ 342.251 et seq. and 342.601 et seq.
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
Where to Complain, Get Information:
Regulator: Texas Office of Consumer Credit Commissioner
Address: 2601 N. Lamar Blvd. Austin TX 78705
Phone: (512) 936-7600
Fax: (512) 936-7610
http://www.occc.state.tx.us/ |
Be sure these companies are charging you correctly per Texas law.
If you could post what amounts you borrowed for each loan, and have paid back so far in fees, as well as which ones are internet and which are storefronts that would help us greatly . . . . .
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goudah2424
Moderator
Joined: 31 Oct 2006
Posts: 8007
Debtcc Points: 111673
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| Posted: Thu Jul 19, 2007 12:09 pm |
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Ace bal 625.85 loan 520. int 104. 6 renew = 624.
Check N go bal 429.34 loan 305. int 62.17 5 renew = 310.85
Cash Zone bal 240.25 loan 200. unt 40.25 3 renew = 120.75
Cash Stop bal 240.49 loan 200. int 40.49 3renew =121.17
Ez Money bal 528.51 loan 450. int 92.30 6 renew = 552.00
Purpose Money bal 528.51 loan 450. int 92.30 2 renew 184.60
Internet loans
Little loan shop bal 260. loan 200. int 60. no renew
8772825450 BIG Ltd bal 375.00 loan300. no renew
WIRE TRANSFER CREDIT bal 200.00 loan 260 mo renew
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jeancox
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Debtcc Points: 100
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