confused about illegal loans
Date: Mon, 06/16/2008 - 14:25
1. how do you find out if a loan is illegal or not.
2. what does it mean if the loan is illegal.
im in minnesota and have 3 loans
e-payday-loan 200 paid 100
mesa financial 200 paid 130
urgent cash 200 paid 100
if anyone could help id appreciate it thanks.
In MN, if the company is licensed in another state it's legal.
In MN, if the company is licensed in another state it's legal.
do you know if these are licensed in another state. thanks.
do you know if these are licensed in another state. thanks.
E payday loan is not. The other 2 I am not sure about.
E payday loan is not.
The other 2 I am not sure about.
since e-payday-loan is illegal and unlicensed, are you essential
since e-payday-loan is illegal and unlicensed, are you essentially saying they have no right to collect what they gave out to me? i will pay them the 100, but would i have to pay the finance payment for that. thanks.
Yes, they cannot legally collect any interest or fees on the deb
Yes, they cannot legally collect any interest or fees on the debt.
so if i wanted i could say hey im not going to pay you at all an
so if i wanted i could say hey im not going to pay you at all and they couldnt do anything? im not going to do that, like i said i only 100 on that, but just trying to understand how these illegal/unlicesnced works. thanks.
it's my understanding that they cannot legally collect. i am goi
it's my understanding that they cannot legally collect. i am going through this with geneva roth, i'm more than happy to pay the principal but they want me to pay $150 in fees!