payday laons

Date: Mon, 09/26/2011 - 08:28

Submitted by matuska76
on Mon, 09/26/2011 - 08:28

Posts: 8 Credits: [Donate]

Total Replies: 7

I live in nj and had three payday loans over the internet. i paid the finance charge of $90.00 becuase I borrowed 300.00. I changed banks becuase they were taking out more money then they claimed and now they are calling and harassing me over the rest. I told them to give mw thwir address and I will mail them a check but they will not stop calling. I just found out payday loans are illegal in NJ. Where do i go from here??

Hi and Welcome! If PDL's are illegal in your state, all you owe

Hi and Welcome!
If PDL's are illegal in your state, all you owe is the principal (what you actually received). You do NOT owe the fees that they want to charge you. In order for us to help you, it would be great if you could list each loan, and what you have actually paid them with rollovers. Depending on what you have paid, you might not owe anything!

lrhall41

Submitted by kscornell on Mon, 09/26/2011 - 08:36

( Posts: 4407 | Credits: )

loans

Here are the loans:500FastCash- borrowed 300.00 paid 90.00 alreadyMycashnow- borrowed 300.00 paid 90.00 alreadyThere is one more i have that gave me 390.00 but I have no paperwork from them or emails so I dont know whats going on. They were suppose to only take 90.00 for the finance charge but they tried to take the entire amount plus the finance charges all at once but I didn't have enough money to cover it so it go rejected back..

lrhall41

Submitted by matuska76 on Mon, 09/26/2011 - 08:53

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So see, you now owe less money than you thought, bc since you ha

So see, you now owe less money than you thought, bc since you have paid the first two places $90 each, you now only owe them $210 apiece! $420 is alot better than $600, right?

lrhall41

Submitted by kscornell on Mon, 09/26/2011 - 08:59

( Posts: 4407 | Credits: )

good news

Thats's great news. How do I pay the balance off, do I send thema check or do western union? I'mnot going to give them my new bank account number because they will keep taking and taking. Also, what if they keep calling and harrassing me, should I send a letter to them outlining the laws of NJ or shoudl I report them. Thanks for all your help, stress is slowly going away...

lrhall41

Submitted by matuska76 on Mon, 09/26/2011 - 09:19

( Posts: 8 | Credits: )

payday loans

I'm just double checking. Payday loans are illegal in nj and if so, all i have to pay is the principal back correct??

lrhall41

Submitted by matuska76 on Mon, 09/26/2011 - 10:04

( Posts: 8 | Credits: )

you are correct

yes,but keep in mind anything debited in"FEES" gets deducted from that for example:

you borrow 200.00.they debit 60.00 three times.you only legally owe 20.00.so do again keep that in mind.

lrhall41

Submitted by paulmergel on Mon, 09/26/2011 - 10:25

( Posts: 15514 | Credits: )

Do not pay them with a check. They can get your account informa

Do not pay them with a check. They can get your account information that way. Pay with a money order or a prepaid debit card. Send an email or letter as described [URL="http://www.debtconsolidationcare.com/paydayloan/illegal-pdl-dealings.html"]in this thread [/URL]and ask for a mailing address where you can send a payment.

And only repay the principal. $210, $210 and $300.

If they won't give you a mailing address or allow you to pay with your prepaid debit card, then they don't get paid. Period.

I've also combined this thread with the other one you started (http://www.debtconsolidationcare.com/forums/showthread.php?t=151421). Please do not start multiple threads relating to the same topic.

lrhall41

Submitted by OhioGal1 on Mon, 09/26/2011 - 10:55

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