Too many payday loans

Florida Payday Loan Laws - State Legal Status
Lending of payday loan is considered legal in the State of Florida. Online lenders must all be licensed to lend in FL

Loan Specifications
Maximun Amount of Loan - $500
Term of Loan - 7 to 31 days
Maximum Rate of Finance and Fees- 10% + Fees for verification
Finance Charge on $100 loan for a 14 day period - $15
APR for $100 loan for a 14 day period - 390%

Debt Limits
Maximum Number of outstanding loans permitted at a time - 1
Permissible number of Rollovers - None (Rollover cannot be done)
Cooling-off Period - 24 hours
Repayment Plan - Yes

Limits of Collection
Collection Fees Amount - a) All charges imposed by any financial institution on the lender; b) Lender is not entitled to increase damages threefold
Criminal Action - Prohibited

File your Complaint and get Information
Regulator - Florida Office of Financial Regulation - Here is where you will want to check to see if they are licensed to lend in FL
Address - Division of Securities and Finance, 200 E. Gaines Street Tallahassee FL 32399


I would guess that none are - just from a quick glance at who your loans are with all appear to be tribal or offshore - very unlikely to be licensed to lend in FL..



Here is the link you will want to follow to get out of these. http://www.debtconsolidationcare.com/paydayloan/dealingwith-illegallenders.html - follow all steps and in order..


How much did you borrow from each and how much have your repaid to date? You are only morally obligated to repay principal only!!

All of your lenders are illegal. You are required to pay back them only the borrowed amount. No interest, no fees. Close down your bank account and if required open a new one. If you have already overpaid them, then ask them for the refund.