New Here - Please Help
Date: Mon, 12/04/2006 - 11:32
Hi everyone!
I have been reading the forums and I really need someone's help.
My husband is a compulsive gambler and has gotten us so far in debt that it ain't even funny! :cry: Unfortunately for me, my name is on the accounts that he has gotten IPDL's with. I know for sure he has loans with GenevaRoth (sp?), CashNet500 and Ameritrade. I don't even know where to start to try to clean this up.
Please help.
Anybody know the laws for Mississippi?
My husband and I are going through a seperation but in order for me to remove my name off of these accounts I have to clear up the negative balances. :cry:
I have been reading the forums and I really need someone's help.
My husband is a compulsive gambler and has gotten us so far in debt that it ain't even funny! :cry: Unfortunately for me, my name is on the accounts that he has gotten IPDL's with. I know for sure he has loans with GenevaRoth (sp?), CashNet500 and Ameritrade. I don't even know where to start to try to clean this up.
Please help.
Anybody know the laws for Mississippi?
My husband and I are going through a seperation but in order for me to remove my name off of these accounts I have to clear up the negative balances. :cry:
Here is the law in Mississippi Quote:Legal Status: Legal (Ap
Here is the law in Mississippi
Quote:
Legal Status: Legal (Applies to check cashers only) Citation: Miss. Code Ann. ???? 75-67-501 et seq. Loan Terms: Maximum Loan Amount: $400 Loan Term: Max: 30 days Maximum Finance Rate and Fees: 18% of check Finance Charge for 14-day $100 loan: $22 apr for 14-day $100 loan: 572% Debt Limits: Maximum Number of Outstanding Loans at One Time: Not Specified Rollovers Permitted: None (cannot renew or otherwise extend) Cooling-off Period: Repayment Plan: Collection Limits: Collection Fees: NSF fee; Court-awarded fees (if disclosed) Criminal Action: Prohibited (When check returned due to NSF) Where to Complain, Get Information: Regulator: Mississippi Department of Banking and Consumer Finance Address: 901 Woolfolk Building, Suite A 501 N. West Street Jackson, MS 39201 Phone: (601) 359-1031 Fax: (601) 359-3557 Regulatory Contact: Ronny Harrison,, Chief Examiner, Consumer Finance Division http://www.dbcf.state.ms.us/ |
The companies you have the loan with are frequently talked here for doing unauthorized debits and charging more than the state laws. You need to check all the payments done on the accounts and find the latest status. If you have paid the loan in full, contact the companies and get your account marked closed. You should get a "paid in full" letter in the company's letterhead.
This is not going to be an easy work as I say here. Be informed about your legal rights and follow the state laws.
