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Debtconsolidationcare.com - the USA consumer forum

Not licensed in Minnesota

Date: Sun, 01/14/2007 - 17:25

Submitted by joymiske
on Sun, 01/14/2007 - 17:25

Posts: 18 Credits: [Donate]

Total Replies: 6


I live in Minnesota and three of my paday loans are not licensed in Minnesota, cash central; paydayok and paydayselect. does that mean I can write a complaint to my attorney general and get my accounts marked paid in full? I've rolled the over many times, and paid alot of interest and fees, they are currently in default.


joymiske -

I would suggest filing that complaint to your Attorney General right away. Make sure you include all the details you've just given here. After you file the complaint, write a letter to the lenders, requesting you be marked paid in full, and revoking their authorization to debit your bank account. (There's a great letter on Pollyandsay's blog on this site.)

By doing both, you should be on your way to getting these loans marked as paid in full. However, keep an eye on your bank account. You may have to close it and open another account to prevent these companies from debiting your account under another "doing business as" name.

Brownsugar is correct in her questions above, though - you need to be sure you have paid back the amount you borrowed, plus the state allowed interest. If you have already done so, then you should go ahead with your complaint to the Attorney General.

You may have a bit of a fight on your hands, but in the end, you will prevail! :-)


lrhall41

Submitted by SUEBEEHONEY70 on Sun, 01/14/2007 - 17:31

( Posts: 4583 | Credits: )