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HELP...these payday loans are eating me alive!!!

Submitted by on Fri, 07/10/2009 - 16:55
Posts: 202330

I need help...I'm literally swimming in payday loans. I have four but I NEED to know if they are legal, especially two that seem to definelty be taking advantage of and Loanshop/Viking...Are they legal? Because their fees seem to be getting higher and higher...should I be closing my checking account?? :cry:

You can check your laws at the link below. I am unsure of what the most recent address is for Loan Shop. Illegal/Unlicesned company!
Centro Colon, 8 avo piso, Oficina 8-4
San Jose, Costa Rica
Phone: 888-269-2303
Strategic Funding, Inc. in Salt Lake City, Utah.

Submitted by Shazzers on Fri, 07/10/2009 - 17:14


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Yes, I would close out the account if it were me, if you're unable to close it right away go into the bank and speak directly with the bank manager, tell him/her there has been some illegal activity on your account and you need to have a hard debit block placed on it until you can clear some things up.

Submitted by Shazzers on Fri, 07/10/2009 - 18:19


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Talk with your bank about it and see what they say. I had outstanding items and direct deposit and my bank was able to set up a new account for me and then I made a list of all my outstanding checks/charges and deposits and they transferred them to the new account for me. I know not all banks do this but some do, so it never hurts to ask.

Submitted by resqume1 on Sat, 07/11/2009 - 08:35


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