Payday-loan-yes
Date: Tue, 12/14/2010 - 16:12
I recently took out a loan from payday-loan-yes for $350. I have already paid back 5 payments of $105 for a total of $525 and I just realized. The same week I received the loan I called and authorized them to take the complete loan out on my next payday. I know it's my fault for not keeping up with my fianances but I need to know what my options are? My account balance still says that I owe $455. If I pay that then I will have paid $960 for a $350 loan. I need to know what my rights are? I am in the state of North Carolina. What do I need to do? Someone please help
Payday loans are prohibited in North Carolina and small loans ar
Payday loans are prohibited in North Carolina and small loans are capped at 36 percent. Send them a letter refusing to pay any more and even demand a refund of the overpaid amount. You probably won't get a refund but you might get a paid in full. Get them on the defensive. Have an ACH block put on your account or close it. Here is a link to the state laws http://www.debtconsolidationcare.com/paydayloan/explain-pdls-laws.html
CLICK HERE to find out how to deal with illegal lenders.
CLICK HERE to find out how to deal with illegal lenders.
