Payday Loan Questions/Clarification
Date: Fri, 05/13/2011 - 11:02
I have the following loans who every two weeks take out the interest (90 bucks and one 150) until I decide to pay off loan. But getting the feeling this isn't legal.
FloBridge
200/230 PAID IN FULL as of today but they took 260. Disputing 30 additional dollars with bank. They took 30 dollars last payday.
OneClickCash
300/390
They've been taking 90 bucks every paycheck
National CS
300/390
Taking 90 bucks every check
Loanshop
300/390
Taking 90 bucks
Advancemetoday
500/650
Taking 150
Emerald
300/390
Taking 90 bucks
Are they legal for California and is it legal to hit every paycheck?
They will debit your account in accordance with the contract whi
They will debit your account in accordance with the contract which stipulates when you get paid. I used to get debited every other week because I got paid bi-monthly.
One Click Cash is not legal anywhere. Check your state website to see if the others are legal
"http://www.paydayloaninfo.org/state-information/12"
I believe in the state of California you can only have one payda
I believe in the state of California you can only have one payday loan out at a time as well. I know there are other posts with the law directly.
Okay I've been reading some other posts and checked out the site
Okay I've been reading some other posts and checked out the site to see if they have a license in California...of course they don't have one here. The other issue is that on the site it said rollovers aren't allowed but that's what these folks have been doing.
If that is the case, I only owe a few of them 30 dollars because as of today, they've taken $270 from my account. Advancemetoday is considered paid in full because as of today, they've received 600 (my loan was for 500).
Am I reading the information I am reading correctly?
Thanks
Bringing this back to top. More digging around and reading. Pl
Bringing this back to top. More digging around and reading. Plan to send letter that I saw here to those who've been paid over (advancemetoday) and go to bank and do hard block. Hoping I don't have to close account.