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payday loan trouble

Date: Thu, 10/09/2008 - 15:42

Submitted by dani7613
on Thu, 10/09/2008 - 15:42

Posts: 4 Credits: [Donate]

Total Replies: 8


I live in florida. We have four pdl's.

ameriloan
OneClickCash
Think Cash
Cash Call

We have closed the account. Are going to fax in stop letters to notify them of this and be sending money orders and money gram. Can I just pay the principal and not the interest rates the are raping people with


Quote:

Legal Status: Legal

Citation:
Fl. Stat. Ann. ???? 560.401 et seq.; Rule 69V-560.901-912

Loan Terms:
Maximum Loan Amount: $500
Loan Term: 7-31 days
Maximum Finance Rate and Fees: 10% + verification fee
Finance Charge for 14-day $100 loan: $15
apr for 14-day $100 loan: 390%

Debt Limits:
Maximum Number of Outstanding Loans at One Time: One
Rollovers Permitted: None (cannot rollover)
Cooling-off Period: 24 hours
Repayment Plan: Yes

Collection Limits:
Collection Fees: All charges imposed on the lender by any financial institution; lender not entitled to treble damages
Criminal Action: Prohibited

Where to Complain, Get Information:
Regulator: Florida Office of Financial Regulation
Address: Division of Securities and Finance, 200 E. Gaines Street Tallahassee FL 32399
Phone: (850) 410-9805
Fax: (850) 410-9748
Regulatory Contact: ,
Regulator Website

Licensee Database

Complaint Instructions

Complaint Form Link

Online Resources:
Deferred Presentment Providers Information Page


lrhall41

Submitted by on Thu, 10/09/2008 - 18:05

( Posts: | Credits: )


Think Cash is backed by the Bank of Delaware, unfortunately the fee's they charge are legal. You can give them a call & see if you can work out an arrangement with them. I had to wait until my loan was 60 days late, then they were able to set up an arrangement where I pay off the balance in 6 monthly payments & they stopped adding the interest. Thank god I have 2 more payments left & then I am done :D


lrhall41

Submitted by dawnlango7 on Fri, 10/10/2008 - 08:42

( Posts: 1147 | Credits: )