Advice Needed
Date: Thu, 11/30/2006 - 11:15
I guess the advice I need is, how do I go about getting these paid off? I DO NOT want to pay them more than what they are owed and I am afraid of that, one of the places I have a loan through is Route 66, and I have read those posts, and they are the main ones I am scared of the most, I did have one guy with another loan threaten me with wage garnishment. I want to pay these off and be done with them. So, all the advice I can get would be great!
Thank You and sorry this got long..
Rebecca
Welcome, I was in the same boat..Your story is my same story. Fi
Welcome, I was in the same boat..Your story is my same story. First figure out how much you have paid so far how much was borrowed and your state laws. Without this website I have no idea where I would be.
I found this... Quote:Maximum Number of Outstanding Loans at On
I found this...
Quote:
Maximum Number of Outstanding Loans at One Time: Two Rollovers Permitted: None (cannot renew; a loan made within 13 days after a previous one was entered into shall be considered a renewal and shall not be made) Cooling-off Period: Second business day after the 5th consecutive loan repaid Repayment Plan: Yes |
The Maximum number of outstanding loans at one time: two caught my attention. Can someone explain this to me, since I have 9 out, does that mean that they are breaking Oklahoma laws?
Hi Rebecca, welcome to the boards, many will be glad to assist y
Hi Rebecca, welcome to the boards, many will be glad to assist you here. First off if you have not done so yet you need to close the bank account that these companies are taking money from. The next thing you need to do is gather your information. You need to sit down and write down each company you are dealing with, how much they lent you and how much they have taken out of your account so far. What state are you in because each state has different laws pertaining to payday loans. If you would like assistance with getting this mess straightened out please send me a PM or and email (addy is on my blog) and I will be glad to assist you on a one on one level. I would not take a loan out just to cover PDL loans as they are workable over time without getting into more debt. Good luck and contact me if you would like more assistance.
loans
Rebecca, Please check with the secretary of states office to see if any of the companies you have are licensed to do business in OK. Also you need to file complaints with your Attorney Generals office. Most likely you have way overpaid these loans. Dont feel bad I was in the same situation as you. My husband didnt know either Huge Mistake. If you have overpaid these vultures please dont keep paying. Contact your Attorney General . KYSIDE38
Quote:Oklahoma State
Quote:
Oklahoma State Information Legal Status: Legal Citation: Okla. Stat. Ann. tit. 59 ???? 3101 et seq. Loan Terms: Maximum Loan Amount: $500 Loan Term: 12-45 days Maximum Finance Rate and Fees: $15 per $100: $0- $300; $10 per $100: $301-$500 Finance Charge for 14-day $100 loan: $15 apr for 14-day $100 loan: 390% Debt Limits: Maximum Number of Outstanding Loans at One Time: Two Rollovers Permitted: None (cannot renew; a loan made within 13 days after a previous one was entered into shall be considered a renewal and shall not be made) Cooling-off Period: Second business day after the 5th consecutive loan repaid Repayment Plan: Yes Collection Limits: Collection Fees: $25 NSF fee (if disclosed) unless dishonored due to theft or forgery Criminal Action: Prohibited Where to Complain, Get Information: Regulator: Oklahoma Department of Consumer Credit Address: 4545 North Lincoln Boulevard, Suite 104 Oklahoma City, OK 73105 Phone: (405) 521-3653 Fax: (405) 521-6740 Regulatory Contact: Jack Stone,, Deputy Administrator Regulator Website |