Interim and GFS
Date: Wed, 10/11/2006 - 09:32
I registered with Langhorne law what can i do if they pdl compan
I registered with Langhorne law what can i do if they pdl companies try to come after me?
The payday loan companies must be licensed in the borrower's sta
The payday loan companies must be licensed in the borrower's state before lending the loan. Ask your consolidation company to contact the lenders and pay the principal amount and the charges allowed by your state. The lenders will try to mislead you by giving obnoxious interests and fees. Remember, your state laws are there to protect you from such companies that put excessive charges on the loan principal. Don't panic, use your legal rights and you will remain safe.
Quote:Legal Status: Legal Citation: Ala. Code ???? 5-18
Quote:
Legal Status: Legal Citation: Ala. Code ???? 5-18A-1 et seq. Loan Terms: Maximum Loan Amount: $500 Loan Term: 10-31 days Maximum Finance Rate and Fees: 17.50%; 3%/month after default Finance Charge for 14-day $100 loan: $17.50 apr for 14-day $100 loan: 456.25% Debt Limits: Maximum Number of Outstanding Loans at One Time: None (max $ amount of loans at one time: $500) Rollovers Permitted: One (rollover) Cooling-off Period: Next business day after 2 continuous loans repaid Repayment Plan: Yes Collection Limits: Collection Fees: One $30 NSF fee; Court Costs; Reasonable Attorney's Fees up to 15% of face amount of check Criminal Action: Prohibited (Unless check returned due to closed account) |
You will find the legal contacts in your state at this link. You can file your complaints in the State AG's office and the Dept of Financial Institutions.
http://www.debtconsolidationcare.com/getting-loan/about15730.html
Thank you passionhunting, that is just what I needed.
Thank you passionhunting, that is just what I needed.
I have a loan with GFSIL. The original loan amount was for $200
I have a loan with GFSIL. The original loan amount was for $200 and the fee was $79.00. I have paid them a total of $474.00. According to the Alabama state laws, if I am reading correctly they owe me a refund of $195.00. How can I pursue this. How can I get copies of my loan documents from them. All of this was done online.
Use the template letter on this site, insert your state's pdl la
Use the template letter on this site, insert your state's pdl laws where needed, if you've filed a complaint with your ag's office include that in the letter as well (in mine I added the telephone number of the ag's office and my complaint reference number) Also state that you are demanding that the loan be paid in full and a refund of $195. Then you wait for their response and stand your ground. If you have registered with Langhorne Law then he would be the one to deal with your pdls, that is what your fee is for, and he knows how to deal with them. But I encourage you to send your letters to the one's you have over paid and feel you are due a refund.