Wi law says..
Date: Sun, 04/14/2013 - 13:46
HELP!!!!I have a pay day loan with many lenders and I am screwed. One of them I think may be illegal..not sure.
They are going to roll over this pay day loan a 4th time. wisconsin says:they cannot roll over past 4 times. What happens after that 4th time?? I have 3X loans from these people. the last one i didnt even sign a document and all of a suden they wrote up a contract and sent 200$ i was applying on other websites but i didnt even get to approve it!! I will attactch the contract on the bottom..
They are going to roll over this pay day loan a 4th time. wisconsin says:they cannot roll over past 4 times. What happens after that 4th time?? I have 3X loans from these people. the last one i didnt even sign a document and all of a suden they wrote up a contract and sent 200$ i was applying on other websites but i didnt even get to approve it!! I will attactch the contract on the bottom..
Can you please state the name
Can you please state the name of the payday loan companies? As far as I know, roll overs are only allowed for one time. As far as the illegal payday loan is concerned, you'll only have to pay back the principal amount. Nothing else. Send a letter to the bank requesting for ACH revokation.
You need to talk to your bank
You need to talk to your bank authorities (not tellers or CRs) and have them revoke ACH and then reverse the $200 transaction as unauthorized. Revoking ACH is your primary priority. Once thats done, close your bank account.
