Help with payday loans in Washington DC
Date: Fri, 01/30/2009 - 19:49
Hi I have been reading the posts on payday loans and I have not seen any information on Washington, DC. I have payday loans with, United Cash Loan, Ameri Loan, 500 Fast Cash, Payco, GFS (General Financial Services), Sonic Payday, Bahamas Marketing, Group and Loanshop. My question is are there any debt programs for assisting with paying off loans. I'm really going deep debt with these companies. I'm sorry I ever got involved with them. I need help fast so any assistance would be greatly appreciated. I have thought about closing my bank account and opening one with another bank, but I'm too afraid of getting the harrassing phones calls. What should I do.
Grace, I posted this in your other post. Quote: PDLs are
Grace,
I posted this in your other post.
Quote:
PDLs are illegal in DC. Quote: D.C State Information Legal Status: Prohibited Citation: Amended D.C. Code Ann. ?? 28-3301(a) Small Loan Rate Cap 24% per year Where to Complain, Get Information: Regulator: D. C. Department of Insurance, Securities and Banking Address: 810 First Street, NE Suite 701 Washington DC 20002 Phone: (202) 727-8000 Fax: 202-535-1194 |
You need to send a letter to each of these PDLs and tell them they are illegal.
Please tel us the name of the PDL, how much the loan was for and how much you have paid back?
Even if you only paid a "rollover" fee, that counts as payment towards the principle on illegal loans.
I am sorry. From your other post you listed... Quote: I have
I am sorry. From your other post you listed...
Quote:
I have payday loans with, United Cash Loan, Ameri Loan, 500 Fast Cash, Payco, GFS (General Financial Services), Sonic Payday, Bahamas Marketing, Group and Loanshop. |
I know ameriloan is illegal as well as a 500 Fast Cash.
I think Sonic and Bahamas is also illegal.