Atyorney General office should be contacted on payday loan fraud companies.
Date: Wed, 05/25/2011 - 19:40
I did some calculations and found that they are actually chargin
I did some calculations and found that they are actually charging me a $50.00 fee and applying the rest to my principal. After calculating, I found that I paid more than what I owed. They owe me $30.00 now and are still trying to get $130.00 out of me. I closed my account, they are not getting anymore money out of me. I think they should not be charging an additional $50.00 on top of the money they are already getting back. Online payday loans ate ridiculous. I found out that payday loan companies have to be licensed. If they are not, all who are caught in these internet payday loans schemes should be reimbursed. I'm reporting every single one of them. There interest rates are ridiculously high to.
You haven't mentioned the state you live in or the payday lender
You haven't mentioned the state you live in or the payday lenders from whom you've taken out the loan. Unless you mention that it's difficult to offer you suggestions. If payday lending is illegal in your state, then you won't be liable for paying any finance charges. You can pay the principal balance only and get rid of your debts.