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payday services help

Date: Wed, 01/21/2009 - 18:26

Submitted by anonymous
on Wed, 01/21/2009 - 18:26

Posts: 202330 Credits: [Donate]

Total Replies: 5


I am dealing with this one called payday services, my loan was for 500 and the interest is 300. This company is different from most that I have dealt with. I filled out the information online but once submitted they called me on the phone and i agreed to everything verbally. They never sent my any contracts through email the way most of them did is this legal?? My sister insists that I should not pay the interest and should only do the principal she says that tx law does not permit that much interest is this true?? has anyone dealt with this company?
please help!!


hello,i know that they are illegal as far as pdl's go,but they could be in TX as a CSO(credit service organization)usually though they are a pdl and unlicensed period.how much if any of this supposed interest do you pay?


lrhall41

Submitted by paulmergel on Wed, 01/21/2009 - 18:32

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well i got the loan in November they told me my first payment would be 150 if I refinanced the loan. they also told me that if I did not pay it off then my next payment would be for 300 in January so as of now i have only paid 150 but i never understood why the refinance amount jumped from 150 to 300.


lrhall41

Submitted by on Wed, 01/21/2009 - 19:05

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since they are not legal you only owe 500.00 that is it.nothing else.


lrhall41

Submitted by paulmergel on Thu, 01/22/2009 - 18:13

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