Need help with Texas cap info
Date: Tue, 06/30/2009 - 06:57
I have paid the loan and then some....but still owe $800. so my question is: Is there a cap on how much I pay to them for the original loan? I came up with the laws of Texas that state $10 per loan and no more than 48% per year, so does that mean I should pay no more than $480 plus $10 ? Am I only obligated to pay them $113.84 more?
Any help is appreciated
What is the name of this lender, there are some lenders in Texas
What is the name of this lender, there are some lenders in Texas acting as the CSO (Credit Service Organization) model. A CSO is not bound by the payday loan laws and are usually legal in what they charge.
Duh, you said Payday One, I will check to see if they are listed
Duh, you said Payday One, I will check to see if they are listed as a CSO, but I think they are.
Interesting, I found no listing for Payday One in the Texas lice
Interesting, I found no listing for Payday One in the Texas licensee data base as a CSO. Call your DFI about this company, they should be following the Texas pdl laws and it appears they are not. Here is the number: (512) 936-7600
OK I am finding that Payday One was licensed in State of Texas b
OK I am finding that Payday One was licensed in State of Texas but the status is: Canceled, I also called for CSO and found a Payday One XL in Fort Worth, how would I know if its the same company? They are affiliated with Think Cash which is not showing a license in Texas as well.....Im so confused at this point
Oh for heaven sakes, they really covered their tracks didn't the
Oh for heaven sakes, they really covered their tracks didn't they! :? Do you have a copy of the original contract? Perhaps you can look at your bank statements to see what name is listed as withdrawing funds? I am afraid they may be legal, and even if they aren't listed as simply Payday One in the data base as far as I know they usually are licensed wherever they lend. :?
DSI Lending Resources Inc is listed as the lender, I also see CS
DSI Lending Resources Inc is listed as the lender, I also see CSO fees in my contract but am not sure what that is. So if they are in fact legal, can they charge me whatever they want? I have paid them $1376 on a $1000 loan and STILL OWE $800 how can this be right?