PayDay Loans

Welcome to the forums? What state are you in? Go to www.paydayloaninfo.org and look up your state laws. KYSIDE38

First, you need to get control back over your finances. I would either put a stop payment on them or you may have to close your account and open a new account. Next, you need to see if they are even licensed in your state. If they are, see how much they are allowed by law to charge you for a loan, if your state allows rollovers, etc. If they're not legal, then you are only legally responsible for the principal you borrowed, in which case you should demand they mark your account paid in full. You can also request a refund if you have overpaid. There is a template PDL letter if you do a google search for Pollyandsay's blog. Just insert your state's laws. Also, if they are operating illegally, report them to your attorney general's office. They're cracking down on a lot of the PDLs. Good luck.

KYSIDE 38 & DBaker6 - Thanks for the info. I checked the state of California and found we have some very strick rules for payday loans, which was not being followed.

I now know how to follow-up with this lender.

Thanks again..

Trenee you are welcome thats what this forum is for to try and help people. Just ask if you need anything. KYSIDE38