Internet Pay Day Loans - California
Date: Fri, 07/27/2012 - 11:37
Hello,
I just recently found this website and I'm so glad I did.
I currently have 5 pay loans out with:
-VIP Cash #2/Qloot - $800 loan, as of 7/27 paid $920 in "refinance" charges
-VIP Loan Shop - $400 loan, as of 7/27 paid $710 in "refinance" charges
-Mesa Financial - $300 loan, as of 7/27 paid $520 in "refinance" charges
-PDLnow.com - $200 loan, as of 7/27 paid $600 in "refinance" charges
-Rockford, Inc - $200 loan, as of 7/27 paid $500 in "refinance charges"
Can someone assist me with finding out if any of these companies are legal in California and the appropriate steps to take next?
Thanks so much :)
I just recently found this website and I'm so glad I did.
I currently have 5 pay loans out with:
-VIP Cash #2/Qloot - $800 loan, as of 7/27 paid $920 in "refinance" charges
-VIP Loan Shop - $400 loan, as of 7/27 paid $710 in "refinance" charges
-Mesa Financial - $300 loan, as of 7/27 paid $520 in "refinance" charges
-PDLnow.com - $200 loan, as of 7/27 paid $600 in "refinance" charges
-Rockford, Inc - $200 loan, as of 7/27 paid $500 in "refinance charges"
Can someone assist me with finding out if any of these companies are legal in California and the appropriate steps to take next?
Thanks so much :)
They all illegal...rollovers are not permitted in California. S
They all illegal...rollovers are not permitted in California. Some are over the legal lending limits. Follow the link in my signature line for information on how to deal with them
Loan Specifications
- Maximun Amount of Loan - $300
- Term of Loan - Maximum 31 days
- Maximum Rate of Finance and Fees- 15% of the check
- Finance Charge for $100 loan for a 14 day period - $17.65
- APR for $100loan for a 14 day period - 459%
Debt Limits
- Maximum Number of outstanding loans permitted at a time - 1
- Permissible number of Rollovers - None (fees cannot be charged for extension)
- Cooling-off Period - None
- Repayment Plan - Voluntary (fees may not be charged in relation to payment plan)
Limits of Collection
- Collection Fees Amount - NSF fee of $15
- Criminal Action - Prohibited
File your Complaint and get Information
- Regulator - California Department of Corporations
- Address - Financial Services Division, 1515 K Street, Suite 200 Sacramento CA 95814
- Phone - (866) 275-2677
PDLnow is not an actual lender. They are a loan matching service
PDLnow is not an actual lender. They are a loan matching service. You need to find out who the actual lender is before you can start working against them.
