Payday Loan Overload in Texas
Date: Tue, 10/11/2011 - 07:37
[FONT=Arial]First you need to close your checking account and ge
[FONT=Arial]First you need to close your checking account and get a new one.
None of your other lenders are licensed to lend in your state. Follow the advice [URL="http://www.debtconsolidationcare.com/paydayloan/illegal-pdl-dealings.html"][COLOR=blue]in this thread[/COLOR] [/URL]to learn how to deal with illegal lenders. You will find sample letters and other useful information, shared experiences, etc. [/FONT]
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You should only repay the principal amount of the loan (e.g. you borrowed $300 and have paid a $90 rollover fee 3X so you only owe them the remaining $30), no fees or interest are payable. If you???ve overpaid, ask for a refund. Be sure to include ACH debit and Wage Assignment revocation language when you send your letter.
You can also contact the regulatory agency below for further assistance:
[FONT=Helvetica]Texas[/FONT][FONT=Helvetica] Office of Consumer Credit Commissioner
2601 N. Lamar Blvd. [/FONT]
[FONT=Arial][SIZE=3]Austin TX 78705
Phone: (512) 936-7600
Fax: (512) 936-7610[FONT=Arial][/FONT][/SIZE][/FONT]