My pdl companies are rolling over the amounts
Date: Wed, 05/02/2007 - 12:20
I have about 8 outstanding payday loans of these loans there are only 2 that are liscensed in the state of ca.the other loans have been rolling over the amounts and adding ridiculous fees to the loans. I have reached a point where the loans were eating up my entire paycheck. I have closed the account and opened a new one. I would like to work on consolidating these + my credit card debt so that i can be completely free of debt. My question is can someone supply me with ca laws in regards to payday loans and what my options are in getting rid of these fees. I have been paying on some of these for several months and am pretty sure i have paid the principals.
Here is the information for California. You will find the Pa
Here is the information for California.
You will find the Payday loan laws for California here (just select your state),
http://www.debtconsolidationcare.com/paydayloan/explain-pdls-laws.html
Please feel free to register and a counselor will contact you with options on consolidating your debt.
Report the unlicensed companies to the District Attorney's offic
Report the unlicensed companies to the District Attorney's office and the DFI of your state. They are not allowed to charge any interests and fees unless they have a valid license to do business in your state. If you have already paid their principal amount, get the PIF in writing.
Also, as stated above, no rollovers are allowed in your state.
Also, as stated above, no rollovers are allowed in your state. Make sure you quote your state's laws to them, as outlined above. Good luck.
