I need help!
Date: Fri, 08/29/2008 - 20:48
I am in illinois and I currently have 5 loans and I am so scared. I need to put a balance hold on my account, I know but I am paying them so much, I know I have paid off at least two of them, here is the list:
Huskhawk group-325 paid $440 in interest
Summit group-325 paid 300 and its in collections at pdm and I was told they were going to garnish my wages up to 30% and I would have to pay $2500 in fees
mte financial-390- paid 270 in fees so far
Chieftan financial-260 paid 180 in fee
STC advance.com 274 paid 444 in fees
Please help!
Huskhawk group-325 paid $440 in interest
Summit group-325 paid 300 and its in collections at pdm and I was told they were going to garnish my wages up to 30% and I would have to pay $2500 in fees
mte financial-390- paid 270 in fees so far
Chieftan financial-260 paid 180 in fee
STC advance.com 274 paid 444 in fees
Please help!
Legalities associated with PDLs in Illinois state are: - Quot
Legalities associated with PDLs in Illinois state are: -
Quote:
Loan Terms: Maximum Loan Amount: lesser of $1000 or 25% gross monthly income Loan Term: 13-45 days Maximum Finance Rate and Fees: $15.50 per $100 Finance Charge for 14-day $100 loan: $15.50 apr for 14-day $100 loan: 403% Debt Limits: Maximum Number of Outstanding Loans at One Time: Two Rollovers Permitted: None (cannot rollover) Cooling-off Period: 7 days after 45 consecutive loan days Repayment Plan: Yes Collection Limits: Collection Fees: One $25 NSF fee (Presentment limit = 2) Criminal Action: Prohibited |
I don't think they can garnish your wage.
You can complain against these pdls to: -
Quote:
Regulator: Illinois Division of Financial Institutions Address: Consumer Credit Section, 320 W. Washington Springfield IL 62701 Phone: (888) 298-8089 Fax: Regulatory Contact: Phil Sanson,, Acting Consumer Credit Assistant Supervisor |
