Loans in AZ
Date: Wed, 08/25/2010 - 13:56
The laws in Arizona recently changed making all payday lenders illegal. I have three outstanidgn pdls, two of which I took out before the law changed and one after. My question is if the first two were legal prior to the new law are they illegal now? Here is the rundown:
The Cash Spot - original loan was $600 and i have paid them over $1000
Sureadvance - original loan was $400 and I have paid them around $700
Payday Max - original loan was $300 and I have paid them $140
I can't really close my bank account. Any other suggestions on how to out from the first two that I have paid in full and then some?
The Cash Spot - original loan was $600 and i have paid them over $1000
Sureadvance - original loan was $400 and I have paid them around $700
Payday Max - original loan was $300 and I have paid them $140
I can't really close my bank account. Any other suggestions on how to out from the first two that I have paid in full and then some?
As per the Arizona Govt. Operation Sunset document, if a consume
As per the Arizona Govt. Operation Sunset document, if a consumer has borrowed PDLs, then the new law will not, by itself change the obligation to pay it back. But, you can work out some payment plan with the lenders.
Check out the following link to know more about your states' revised laws: azag.gov/operation_sunset/op-sunset-FAQ.pdf
I am not entirely sure The Cash Spot and SureAdvance were legal
I am not entirely sure The Cash Spot and SureAdvance were legal prior to 7/1/10 - anybody know?
As far as I can research, I don't think they were licensed in Ar
As far as I can research, I don't think they were licensed in Arizona.
So next step for me? Send C&D letters and revoke ACH authorizati
So next step for me? Send C&D letters and revoke ACH authorization to see if they will mark the accounts PIF?