Interest on Payday loans
Date: Fri, 05/14/2010 - 14:34
I have a loan with Beacon Payday Loan and I spoke with sherry when I saw that 50.00 and then 89.00 was taken from my account. My question is Are they suppose to take the 89.00 and 50.00 for principal because it seems as though its double the money I actually borrowed. Please need an answer Asap before my next pay cycle.
You haven't mentioned the state you are in but anyway, Beacon is
You haven't mentioned the state you are in but anyway, Beacon is most likely illegal across America. You're required to close your account asap so that they can't debit it further. Check out the sticky in our pdl forums about dealing with unlicensed lenders.
Hope it would help.
