logo

Debtconsolidationcare.com - the USA consumer forum

PayDay Loan

Date: Fri, 02/04/2011 - 03:32

Submitted by anonymous
on Fri, 02/04/2011 - 03:32

Posts: 202330 Credits: [Donate]

Total Replies: 9


Hi I live in California and stupidly got a loan from United Cash loan and Ameriloan. United Cash Loan loaned me 300 dollars and Ameriloan 225 and have been charging me extensions and from what I have read extensinions are illegal in California Correct?


with United Cash Loan I have paid 360 dollars already on the 300 dollar loan and they are trying to get another 140 from me this coming Tuesday what should I do bout this since obviously I have overpaid them already?

Ameriloan I have paid 225 and they are trying to get another 75 on Friday also wondering what I should do bout this? Please help Thanks again


Perhaps someone else might want to correct me, but I THINK a payday loan has to be licensed in your State to be legal there and I don't think either of these companies is legal anywhere. If that is the case, you should close your checking account so they can't withdraw any more funds (and yes, unfortunately these 2 outfits WILL call you, make threats, etc). Please read the "stickies" on this site about dealing with illegal lenders and on closing your checking account. When you close your account, go to the bank manager and explained what happened. And be sure your account is closed before you let the PDL's know they won't be getting any more money from you. You might also want to contact your State financial regulatory agency as to any help they might give.


lrhall41

Submitted by on Fri, 02/04/2011 - 05:43

( Posts: | Credits: )