Payday Loan in Collections
Date: Tue, 12/02/2008 - 10:21
On 5/22/04, I received a $200 loan from ACE Check Cashing in California (store front location). The loan went unpaid all this time. Now, a collection agency has picked up the debt and is seeking $745. Is this a valid amount or should it be less?
It is likely valid with interest but may be out of statute. Whe
It is likely valid with interest but may be out of statute. When did you default on the loan? CA SOL is 4 years.
I imagine I defaulted back in 2004. I don't even remember taking
I imagine I defaulted back in 2004. I don't even remember taking the loan, although it was a period in my life when I was using several payday advance companies. I've requested a copy of the check.
