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Advice Needed-Cashin30minutes,dollarquick,3B

Date: Mon, 01/02/2012 - 14:45

Submitted by tanishabanks_2006
on Mon, 01/02/2012 - 14:45

Posts: 6 Credits: [Donate]

Total Replies: 2


I am current on all three but the interest is killing me. I am ready to stop the vicious cycle. I live in Louisiana. Can I stop the ACH on all three and just pay so much toward each on the monthly basis when I get paid.

Cashin30minutes-500.00(95.00 interest each month)
Dollarquick-500.00(250.00 interest each month)
3B-400.00(200.00 interest each month)


You should contact with Louisiana Office of Financial Institutions to know whether or not the pdl companies are licensed in Louisiana. If not, then you are responsible only for the borrowed amount. No interest or fees are required to pay. If they are licensed, then you will have to bear both the principal and interest. In this situation, you may enroll in a payday loan consolidation program to replace your multiple bills into a single monthly payment.


lrhall41

Submitted by Tyler on Mon, 01/02/2012 - 21:02

( Posts: 269 | Credits: )


None of the lenders you mentioned are licensed.

CLOSE your checking account immediately. You are only required to repay the PRINCIPAL balance of the loan. ANYTHING you've paid so far can be subtracted from that amount. NO interest or fees are payable. I'm assuming you've already overpaid these loans and are due a refund.

Send an email to each of the creditors letting them know that you are aware they are not licensed to lend in your state. If you've overpaid, ask for a refund!


lrhall41

Submitted by OhioGal1 on Tue, 01/03/2012 - 10:24

( Posts: 5253 | Credits: )