Legal question
Date: Thu, 05/20/2010 - 08:07
I have a $500.00 loan with a company called Loanpoint USA. I haver made 5 extension on this loan and paid them a total of $710.00. I live in NYS. I don't think this is legal as payday loans are prohibited in NYS and I've paid well above the 25% interest rate in NYS. I don't know what to do to stop these people. Please help.
Well for starters, close your bank account and open a new one.
Well for starters, close your bank account and open a new one. Send them a notice telling them that you have overpaid your account.
Check out Shazz's "how to deal with illegal lenders" thread. Yo
Check out Shazz's "how to deal with illegal lenders" thread. You'll find step by step info there on how to handle it. As SoapLady said, your first move is to close your bank account.
agreed, as you have said, payday loans are prohibited in your st
agreed, as you have said, payday loans are prohibited in your state, so you only owed them the principal amount. After closing your account, I would demand a refund.
