Pay day loan pay offs

Date: Thu, 04/05/2007 - 13:29

Submitted by anonymous
on Thu, 04/05/2007 - 13:29

Posts: 202330 Credits: [Donate]

Total Replies: 5

I am hoping that someone here can help me. I have look at the payday law for my state of Texas and I don't really understand it. I am hoping that someone can tell me how much I owe on 3 payday loans that I have.

Zip Cash
I took out an original loan of 300 and ended up paying it off after paying 690.00 and then I took out another loan of 300.00 and started paying on it. I have paid 180.00. I want to know if I paid any over on the first loan?

Cash Supply
I borrowed 300.00 originally from them and ended up paying back 510.00. Did I overpay?

Midland Marketing
I borrowed 250.00 and have already paid back 300.00. How much more do I?

I have stopped depositing money into my account and they are still constantly trying to debit money from my account even thou my bank keeps returning their debits. I owe my bank a ton of money due to the overdraft fees. Please help.

I also have one with United Cash that I borrowed 200 and have al

I also have one with United Cash that I borrowed 200 and have already paid back 180.00.

lrhall41

Submitted by on Thu, 04/05/2007 - 13:30

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Ask your bank to close the account and open a new one. This will

Ask your bank to close the account and open a new one. This will save you from getting charged for an overdraft fee. They might ask you to clear all their fees.

See the terms on how your loan principal is to be calculated with the fees.

Quote:

Loan Terms:
Maximum Loan Amount:
Loan Term: 7-31 days
Maximum Finance Rate and Fees: $10 per loan + 48% annual interest
Finance Charge for 14-day $100 loan: $12
APR for 14-day $100 loan: 309%