Payday loan
Date: Thu, 02/05/2009 - 19:40
My 3rd payday loan with this company was for $300 with a fee of $90. I live in California and this seems to be in excess of the loan amount and the fees. They also offer to rollover the loan each month, for 4 months....then I have to reduce by $50 each month... if I only pay the $90. Is this legal? Any help would be appreciated.
If they aren't following the payday lender laws of CA, then no,
If they aren't following the payday lender laws of CA, then no, it isn't legal, and the probability that they are legal is unlikely.
CA law states no rollovers so they must be illegal. What is t
CA law states no rollovers so they must be illegal.
What is the name of the PDL?
500fastcash is part of MTE and is illegal everywhere
500fastcash is part of MTE and is illegal everywhere
There is a sticky at the top of this page that tells you how to
There is a sticky at the top of this page that tells you how to deal with illegal PDLs.