cant find any info on this pay day loan company

Date: Mon, 09/26/2011 - 18:39

Submitted by anjol35
on Mon, 09/26/2011 - 18:39

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Total Replies: 3

i live in FL and have two payday loans. one with Oasisi1 Marketing for 300 and the other with Gateway for 200. I have paid 450 already for the Oasis 1 and gateway I have paid 781. Would I be wrong to put a block on my account for these companies due to me paying over what is owed. My friend says I can't because they are revolving loans that just keep going till you pay off the lump sum.

Your friend is wrong. They are not revolving accounts. \http:

Your friend is wrong. They are not revolving accounts.

\http://www.debtconsolidationcare.com/paydayloan/explain-pdls-laws.html

Look up the florida state laws...they cannot roll over. Maximum term is 31 days.
So your loans are illegal....close your bank account...do not put a block on it...they will get around it.

lrhall41

Submitted by SOAPLADY on Mon, 09/26/2011 - 19:02

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As the lenders are not licensed in your state, so you are requir

As the lenders are not licensed in your state, so you are required to pay them only the principal amount. You can ask them for the refund, as you have paid them more than the principal. I hope the following link may help you in his regard:
http://www.debtconsolidationcare.com/paydayloan/illegal-pdl-dealings.html

lrhall41

Submitted by sally.nachelle on Mon, 09/26/2011 - 23:15

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listen to soaplady

both loans are illegal as a pdl must have a physical presence in the state to be legal neither of these are legal in most states so yes close your account as blocks,or stop payments do not work.see the RM,or branch manager only for this.sounds like you overpaid on both so you owe nothing in fact both owe you a refund.so secure that account asap.

lrhall41

Submitted by paulmergel on Tue, 09/27/2011 - 10:27

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