payday loan help-IL
Date: Fri, 12/01/2006 - 12:34
I borrowed 150.00 on Oct 31, 2006 and have paid them or their fe
I borrowed 150.00 on Oct 31, 2006 and have paid them or their fees have been
66.00
134.00
66.00
66.00
and i cannot find anything out about them
Roll-overs on pdls are not permitted in the state of IL. Here is
Roll-overs on pdls are not permitted in the state of IL. Here is the law
Quote:
Legal Status: Legal Citation: 815 Ill. Comp. Stat. Ann. ???? 122/1-1 Loan Terms: Maximum Loan Amount: lesser of $1000 or 25% gross monthly income Loan Term: 13-45 days Maximum Finance Rate and Fees: $15.50 per $100 Finance Charge for 14-day $100 loan: $15.50 apr for 14-day $100 loan: 403% Debt Limits: Maximum Number of Outstanding Loans at One Time: Two Rollovers Permitted: None (cannot rollover) Cooling-off Period: 7 days after 45 consecutive loan days Repayment Plan: Yes Collection Limits: Collection Fees: One $25 NSF fee (Presentment limit = 2) Criminal Action: Prohibited Where to Complain, Get Information: Regulator: Illinois Division of Financial Institutions Address: Consumer Credit Section, 320 W. Washington Springfield, IL 62701 Phone: (888) 298-8089 Fax: Regulatory Contact: Phil Sanson,, Acting Consumer Credit Assistant Supervisor http://www.state.il.us/dfi/ccd/ccd_main.htm |
so what do i do if rollovers are not permitted in illinois??
so what do i do if rollovers are not permitted in illinois??
the link for the complaint form does not work..I have tried to g
the link for the complaint form does not work..I have tried to go about it different ways...is there anything that I can do to these companies or settle with them since they have kept rolling over even though it is illegal in the state of IL??
Here are your calulations 332.00(fees you paid) -23.25 (allow
Here are your calulations
332.00(fees you paid) -23.25 (allowable amount fees)= 308.75
150.00-308.75 = -158.75
They owe YOU $158.75
Please see my blog entry "First Pay Day Loan/Payday OK UPDATE #1" to find a letter you can use to demand this refund from UCL. If you need any further assistance please feel free to send me a PM or an email. Good luck and keep us posted