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Paydaymax HELL!

Date: Wed, 07/07/2010 - 00:40

Submitted by kandice Little
on Wed, 07/07/2010 - 00:40

Posts: Credits: [Donate]

Total Replies: 2


I live in the state of washington. Washington law state the following about payday lenders


  • You may only borrow a total of $700 or 30% of your gross monthly income, whichever is less.
  • Your information will be registered in a state-wide database, ensuring that all payday lenders have your most up-to-date loan information.
  • You may only take 8 payday loans per 12-month period.
  • If you are unable to repay your loan before your loan is due, you may request an installment plan with no additional fees.
  • If you currently have an installment plan you may not receive another loan.
  • Lenders may not harass or intimidate you when collecting a loan. If you are harassed, contact DFI and file a complaint.
Payday Loans In Washington State


  • Who Licenses And Regulates Payday Lenders In Washington?
    In Washington State, the Department of Financial Institutions (DFI) licenses and regulates payday lenders and the payday loan industry. You can verify the license of a payday lender in Washington State by calling 1-877-RING-DFI (746-4334) or [URL="https://fortress.wa.gov/dfi/licenselu/dfi/licenseLU/"]verifying a license online[/URL].
  • Complaint Against A Washington Payday Lender?
    If you have a complaint against a payday lender operating in Washington, [URL="http://www.debtconsolidationcare.com/forums/../../cs/complaint.htm"]file a complaint[/URL] with DFI.
  • Maximum Loan Amounts & Terms In Washington
    Maximum Loan Term: 45 days
    Maximum Loan Amount: $700
    Maximum Fee: 15% on the first $500 and 10% above $500.

    Example 1: A loan for $500 + $75 fee = $575.
    Example 2: A loan for $700 + $95 fee = $795
  • Internet Payday Lenders
    Internet payday lenders that do business with Washington residents must be licensed by DFI and adhere to Washington's loan limits and terms. Before doing business with an internet payday lender, make sure they are licensed by D
I am being charged interest up the ying yang. I have asked for and installment plan which they won't do they keep telling me they will continue to charge me interest. I'm not sure what to do now. they keep trying to debit my bank account over and over causing many overdraft fees. I need help Please!


Paydaymax is NOT a legal lender in the state of Washington, you need to close your account because that is the only sure way to stop them from accessing your account. All you would have owed these bozo's is the amount you borrowed to begin with, less any fees, interest, or payments you have made so far, you may be entitled to a refund, and should pursue one! CLICK HERE to find out how to deal with illegal lenders.


lrhall41

Submitted by Shazzers on Wed, 07/07/2010 - 03:28

( Posts: 17344 | Credits: )