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payday loan help

Date: Mon, 05/23/2011 - 09:20

Submitted by anonymous
on Mon, 05/23/2011 - 09:20

Posts: 202330 Credits: [Donate]

Total Replies: 2


I have 4 payday loans out right now with loanpoint usa advantage cash services payment direct and paydaymax. The amounts are 400 100 200 and 300. i have payed in rollover fees over the principal amount on each one. I am from kentucky. My question is in the contract you sign it says you agree to the laws in which the company is from if i was to cancel my bank account what can happen to me.


Payday lending is legal in your state. But I will suggest you to contact the Kentucky Office of Financial Institutions in order to find out whether or not the payday lenders that you've mentioned here are licensed to operate in your state. If they are not licensed, then you can simply pay off the principal amount and get rid of them. In such a situation, you can even close down your account and they won't be able to come after you for anything.


lrhall41

Submitted by Anna Sweeting on Mon, 05/23/2011 - 20:57

( Posts: 1827 | Credits: )