payday loans
Date: Fri, 09/26/2008 - 06:32
You must be re-loaning? That seems like an enormous amount of in
You must be re-loaning? That seems like an enormous amount of interest! :shock:
Well, as you can see by your payday lender law rollovers are per
Well, as you can see by your payday lender law rollovers are permitted so what they're doing is perfectly legal. My suggestion would be to ask them for the EPP (Extended payment plan), usually only store fronts who are members of the CSFA offer this plan. But you have to ask for it as they won't offer it. What this plan does-gives you the opportunity to pay off the loan in four equal payments on each payday! You are only eligible if you haven't defaulted yet, and must ask for this at least one day in advance of your next payment due.
Quote:
Wisconsin State Information Legal Status: Legal Citation: Wis. Stat. ???? 138.09 Loan Terms: Maximum Loan Amount: Not Specified Loan Term: Not Specified Maximum Finance Rate and Fees: No Limit 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: No Limit Rollovers Permitted: Not Specified Cooling-off Period: Repayment Plan: Collection Limits: Collection Fees: $15 NSF fee if check returned due to no account open at bank, insufficient funds or insufficient credit. Check presentment limit: two times. Criminal Action: Prohibited (per Wisconsin worthless check law, a check given to secure a loan isn't "worthless") Where to Complain, Get Information: Regulator: Wisconsin Department of Financial Institutions Address: Wisconsin Consumer Act Section, P.O. Box 8041 Madison WI 53708 Phone: (608) 261-9555 Fax: (608) 261-7200 Regulatory Contact: Paul Egide,, Consumer Act Director |
payday loan
thank you for the information--i will ask them if they can offer me the EPP-I been doing business with them for over 2 yrs so maybe they will. thank you so much
You welcome, I hope it all works out in your favor. Take good ca
You welcome, I hope it all works out in your favor. Take good care. :)