Advice needed 2 online PDLs, 1 Installment loan
Date: Wed, 07/21/2010 - 18:12
I owe Fast & Reliable $450 - 3 interest payments of $135 already paid, now they are taking $185 every two weeks so that $50 goes towards principle.
I owe My Cash Now $600 - 1st payment is due 8-1.
Plus I owe a local IL payday loan place $800 for an installment loan - 2 interest payments made so far.
In IL I am entitled to an interest free repayment plan after 35 days, but does this apply to online PDLs? How should I proceed?
Can I do anything about the installment loan at all?
Quote:Originally Posted by AnonymousI live in Illinois & am emba
Quote:
Originally Posted by Anonymous I live in Illinois & am embarressed to say I took out all these loans, but I did. My best laid plan to make sure they were all paid off in a matter of 2-3 months fell through when my ex told me he lost his job and that now instead of getting $725 per month in child support I will be getting $215. It's a huge reduction in monthly income for me and it will make paying anything towards the principle on these 3 loans close to impossible. I owe Fast & Reliable $450 - 3 interest payments of $135 already paid, now they are taking $185 every two weeks so that $50 goes towards principle. I owe My Cash Now $600 - 1st payment is due 8-1. Plus I owe a local IL payday loan place $800 for an installment loan - 2 interest payments made so far. In IL I am entitled to an interest free repayment plan after 35 days, but does this apply to online PDLs? How should I proceed? Can I do anything about the installment loan at all? |
I have 7 internet loans and live in Ohio. I found out that out of the 7, 5 are illegal and cannot do business in Ohio. Morally, I have a responsibility to pay back only the principal balance to the 5 illegal pdls. I have overpaid all of them and am demanding a refund and a paid in full letter.
The first thing you should do is close your bank account so they cannot withdraw any more money. Then, you need to find out if the internet loans are operating legally in Illinois.
how do you find out of they are legal>> went to the gov site and
how do you find out of they are legal>> went to the gov site and when i put just names in the licensee site nothing comes back???
That's my question too. I don't know where to go to make sure t
That's my question too. I don't know where to go to make sure they are legal in IL. Can someone direct us?
Sorry to ask again...... Where do I go to confirm Fast & Reli
Sorry to ask again......
Where do I go to confirm Fast & Reliable and My Cash Now are licensed or unlicensed in Illinois?
What is a good response when they say "You agreed to the terms in our state/country, so those laws apply, not the state you live in"?
I'm thinking of closing my accounts & sending letters today, but don't want to jump to that step unless I'm absolutely certain they are not legal in my state, and I want to know what to say when they argue that my state laws do not apply.