internet loans
Date: Fri, 04/23/2010 - 18:53
I am currently in a chapter 13 bankruptcy but made the mistake of getting involved with a couple of internet payday loans and I don't know how to get out of paying the high fees and paying them off.
What are the names of the companies and what state are you in?
What are the names of the companies and what state are you in?
Integrity Advance and Magnum Cash Advance, I live in Michigan
Integrity Advance and Magnum Cash Advance, I live in Michigan
Integrity Advance is Illegal http://www.debtconsolidationcare.c
Integrity Advance is Illegal http://www.debtconsolidationcare.com/paydayloan/thread61682.html
Believe Magnum is illegal too
http://www.debtconsolidationcare.com/settlement/about20114.html
Quote:
Michigan State Information Legal Status: Legal Citation: Mich. Comp. Laws 487.2121 et seq. Loan Terms: Maximum Loan Amount: $600 Loan Term: Max: 31 days Maximum Finance Rate and Fees: 15% of first $100, 14% of second $100, 13% of third $100, 12% of fourth $100, 11% of fifth $100, 11% of sixth $100 + any database verification fee Finance Charge for 14-day $100 loan: $15 apr for 14-day $100 loan: 390% Debt Limits: Maximum Number of Outstanding Loans at One Time: One with licensee or more than one with any other licensee Rollovers Permitted: None (cannot renew; lender may extend only if it does not charge a fee) Cooling-off Period: Repayment Plan: Yes Collection Limits: Collection Fees: One $25 returned check charge Criminal Action: Prohibited Where to Complain, Get Information: Regulator: Michigan Office of Financial and Insurance Services Address: P.O. Box 30220 Lansing MI 48909 Phone: (877) 999-6442 Fax: (517) 335-4978 Regulatory Contact: , Regulator Website |
Magnum are a bunch of jerks I'm currently dealing with them now
Magnum are a bunch of jerks I'm currently dealing with them now
CLICK HERE to find out how to deal with unlicensed lenders.
CLICK HERE to find out how to deal with unlicensed lenders.
