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Upfont payday

Date: Mon, 12/18/2006 - 12:05

Submitted by v_padgett
on Mon, 12/18/2006 - 12:05

Posts: 84 Credits: [Donate]

Total Replies: 5


Has anyone dealt with this company??


This is the law in IL

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


Is the company marking your account PIF?


lrhall41

Submitted by BuildingWealth on Mon, 12/18/2006 - 12:41

( Posts: 491 | Credits: )