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 Posted: Mon Jan 08, 2007 10:29 am |
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Hi, i left a comment earlier BUT wanted to know....
I live in DC and i have borrowed loans from.
Check N Go
Ace
Totaling 1500.00, i have been good with going in to make my Finance Charges BUT recently have been falling into crunches since i spend $215.00 every two weeks. Does anyone know if i offered to start making payment arrangements if that is acceptable. I dont want to be sued by them although i go in to the stores to make my finance charges and they apear nice. Does anyone know the DC payday Advance laws?
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DeadBroke
Guest
Debtcc Points: 100
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| Posted: Mon Jan 08, 2007 12:10 pm |
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| Quote: | D.C. State Information
Legal Status: Legal (Applies to check cashers only)
Citation:
D.C. Code Ann. § 26-301 et seq.
Loan Terms:
Maximum Loan Amount: $1000
Loan Term: Max: 31 days
Maximum Finance Rate and Fees: 10% of face amount + fee of $5: $0- $250; $10: $251-$500; $15: $501- $750; $20:$751-$1000
Finance Charge for 14-day $100 loan: $16.10
apr for 14-day $100 loan: 419%
Debt Limits:
Maximum Number of Outstanding Loans at One Time: Not Specified
Rollovers Permitted: Not Specified
Cooling-off Period:
Repayment Plan:
Collection Limits:
Collection Fees: Not Specified
Criminal Action: Not Specified
Where to Complain, Get Information:
Regulator: D.C. Department of Insurance, Securities and Banking
Address: 810 First Street, NE, Suite 701 Washington, DC 20002
Phone: (202) 727- 8000
Fax: (202) 535-1197
Regulatory Contact: Howard Amer,, Director, Banking Bureau
Regulator Website
Licensee Database
Complaint Instructions
Complaint Form Link
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You should contact these stores directly and explain your situation. I have dealt with a store front Check N Go in DC and can tell you that they are willing to work with customers if they are made aware of the situation. Good luck!
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HUDiva
Joined: 16 Nov 2006
Posts: 90
Debtcc Points: 2058
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