Payday Loan through Plain Green in PA?
Date: Mon, 05/07/2012 - 10:47
I had some questions regarding Plain Green Loans service. I took out a loan with them for $600.00. I've been making payments of $113.00 every paycheck, which is twice a month, for a monthly total payment to them of $226.00. I've only made two payments thus far.
I just recently got a car and am currently making payments on the car and with this extra amount of money coming from me every month is crushing me. What actions can I take as far as only paying the principal and possibly reducing the monthly payments?
Thanks for any and all responses!
Payday lending is illegal in PA. This is why you'll only have to
Payday lending is illegal in PA. This is why you'll only have to pay the principal amount to Plain Green. You have paid $452 already. Just pay the remaining balance to the company.
Follow the link in my signature line on how to deal with illegal
Follow the link in my signature line on how to deal with illegal loans.
I too agree with my previous posters. Since your lender is illeg
I too agree with my previous posters. Since your lender is illegal, so you are required to pay them only the principal amount. Close your bank account asap to stop unauthorized withdrawal. You will be happy to know that illegal lenders won???t be able to take any legal action against you.
Followup
Thank you!
I will be following the steps given me by you guys.
I will go to the bank and revoke the authorization and contact the lender with a new plan of payment on the principal.
My question is, is it required that I close my bank account? If the bank agrees to revoke the authorization, are they still able to charge my account?
Thanks.