Payday Loan Info Needed! Jan
Date: Mon, 12/27/2010 - 22:35
I Live in New York. Some of the companies I have loans with are SureAdvance.com, MyNextPaycheck.com, Nationwidecash.com and CCS Services. Is this legal? Where should I start?
This is what the payday loan trap is all about. Once you take ou
This is what the payday loan trap is all about. Once you take out a payday loan, you fall into the trap and cannot come out of it. As far as I know, in the state of New York, payday loans are considered prohibited. Thus, most of the payday loan companies will be illegal there. You can take a look at the given page in order to know how you can deal with illegal payday loan companies:
http://www.debtconsolidationcare.com/paydayloan/illegal-pdl-dealings.html
Is your husband getting his workers compensation benefits? They
Is your husband getting his workers compensation benefits? They should kick in after 8 days of being off the job.
How much were your loans for and how much have you paid back on
How much were your loans for and how much have you paid back on each one? If you've been renewing them over a long period of time, it's possible that you've paid back well over the amt. of the loan.
All payday loans are illegal in your state because N.Y. prohibit
All payday loans are illegal in your state because N.Y. prohibits them.
All you are required to pay back is the principle amount of the
All you are required to pay back is the principle amount of the loan. If you've paid over and above that send a demand letter requesting a refund along with a paid in full letter. If you still owe, you need to see if they off an EPP but you need to do that before you default. First and foremost to keep these lenders from accessing your money you need to close your bank account immediately.
There's no reason to see if they offer an EPP because they are a
There's no reason to see if they offer an EPP because they are all illegal.
I was reading on here that they are illegal but I thought I had
I was reading on here that they are illegal but I thought I had read that NY prohibits their companies from being licensed here but that if they were licensed in another state that they have to follow their state laws. Is that incorrect? 3 of the loans I have show that the lender is in Delaware. Would I file a complaint in NY or DE?
Quote:I was reading on here that they are illegal but I thought
Quote:
I was reading on here that they are illegal but I thought I had read that NY prohibits their companies from being licensed here but that if they were licensed in another state that they have to follow their state laws. Is that incorrect? 3 of the loans I have show that the lender is in Delaware. Would I file a complaint in NY or DE? |
Nope, they are all illegal. Paste the link below into your browser and read the N.Y. payday loan laws for yourself:
paydayloaninfo.org/state-information/40