Payday Loan Help Nevada
Date: Sun, 07/27/2008 - 09:03
I am a resident of Nevada. I have two payday loans out. Both were done by internet. The first is to Eagle Finance. The loan amount was $300. I have paid $625 and owe $200 in principal. The second is to Sandpoint Capital. It was for $300 and I have paid $90 of interest. I still owe $300. Can you help me?
Well, the Nevada laws aren't very stringent in Nevada unfortunat
Well, the Nevada laws aren't very stringent in Nevada unfortunately, I will post them for you. Are these installment loans, or payday loans?
Quote:
Nevada State Information Legal Status: Legal Citation: Nev. Rev. Stat. 604A.010 et seq. Loan Terms: Maximum Loan Amount: 25% of expected gross monthly income Loan Term: Max: 60 days Maximum Finance Rate and Fees: Not Specified (After default: interest rate must be equal to or less than the prime rate at the largest bank in the State of Nevada plus 10 %) Finance Charge for 14-day $100 loan: No Limit apr for 14-day $100 loan: No Limit Debt Limits: Maximum Number of Outstanding Loans at One Time: Not Specified Rollovers Permitted: Not Specified (Lenders cannot extend payment period beyond 60 days after expiration of initial loan period) Cooling-off Period: Repayment Plan: Yes Collection Limits: Collection Fees: $25 dishonored check fee (max. two fees for insufficient funds; max. one fee for closed account) Court Costs; Reasonable Attorney's Fees; Service of process costs Criminal Action: Prohibited (Unless customer acted with criminal intent) Where to Complain, Get Information: Regulator: Nevada Financial Institutions Division Address: 2785 E. Desert Inn Rd., Suite 180 Las Vegas NV 89121 Phone: (702) 486-4120 Fax: (702) 486-4563 Regulatory Contact: , Supervisory Examiner |
I'm not very clear on the Nevada laws for pdl's so I am going to
I'm not very clear on the Nevada laws for pdl's so I am going to bump this in the hopes that someone else who is, can advise you.