logo

Debtconsolidationcare.com - the USA consumer forum

Forums
  • Latest topic

Payday loan collections

Date: Wed, 01/19/2011 - 06:28

Submitted by Amy S
on Wed, 01/19/2011 - 06:28

Posts: 34 Credits: [Donate]

Total Replies: 8


Hi, I need some advice with a paday loan co that I took out a loan with it was stupid to do but at the time I had no choice, I made my payments and when I say that I have paid $600 just in interest to the compant Cash Direct Express, then I ended up loosing my job and tried to make payment arrangements with them and they wouldn't budge with that, so I had no choice but to stop payment on there withdrawls from my checking and 3 days after doing that I get a call from a co Alliance Asstes mgt, collection co wanting me to pay $846 on this loan, I did how ever pay $100 towards it which left me with a balance of $746, I am in illinois and after research I was told that they are an illegal payday loan co, and that they can only charge you $15.50 per $100 so if I'm reading and hearing that right then I should only owe them $93.00 could someone please help me this collection co are very rude and demanding and are wanting me to send a money gram on the 21st of this month (January) for $100, since they cannot withdrawl from my acct, any advice from anyone please, Thanks Amy S


wait a minute.how much was the loan?unless it was 600.00 you overpaid as anything debited goes towards the loans you are right.they are illegal in illinois and alliance is a bottomfeeder located in woodale.so again this is an illegal loan in IL,and unless the loan was 600.00 you not only don't owe,but they owe you.i live in IL,and dealt with both cash direct(i borrowed 325.00 and paid 402.00 in fees)and alliance assett.i filed an AG complaint and got rid of both parties.i suggest you do the same.


lrhall41

Submitted by paulmergel on Wed, 01/19/2011 - 06:43

( Posts: 15514 | Credits: )