Let me see if I have this correct, anyone?

Date: Fri, 03/31/2006 - 11:32

Submitted by erzeke1
on Fri, 03/31/2006 - 11:32

Posts: 1145 Credits: [Donate]

Total Replies: 8

I've been doing some research here on the florida payday lending laws and the most they can charge in interest is %10 of the principal and $5 verification fees..if so
I have the address of Platinum B. Services who have their address listed in Clearwater,Florida. I took out a loan for $325 last November. Since then every two weeks they have debited my account for $75 for interest only.
Have they somehow violated this lending law?
My records indicate that I have paid them over $450 in fees only.
What do all think? Should I write them a letter?
Not sure if I'm getting this, but I listened to polly's interview and am stuck on this situation....lol

first of all where are you located? and does your state license

first of all where are you located? and does your state license payday lenders?

lrhall41

Submitted by jj on Fri, 03/31/2006 - 11:41

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I reside in florida as well. And, unfortunately yes they do lic

I reside in florida as well. And, unfortunately yes they do license them

lrhall41

Submitted by erzeke1 on Fri, 03/31/2006 - 11:47

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best case

Well, I would say the best way is to set up a payment plan with these guys and ask them to stop with the fees. Aren't the maximum rollovers set to 4? In any case, if it is the case that Florida does license payday loans then yes, agreeing on an amount and payment plan would be my suggestion in resolving this issue (pending on the fact that you agree to do this).

lrhall41

Submitted by quesik on Fri, 03/31/2006 - 12:21

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You have to call them 3 days before the start a paydown plan. I

You have to call them 3 days before the start a paydown plan. It's in really, really small print! I found out recently!
But still, aren't they breaking the law in charging me 730% apr?

lrhall41

Submitted by erzeke1 on Fri, 03/31/2006 - 12:29

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There is a thread about Platinum B in the Creditors and Collecti

There is a thread about Platinum B in the Creditors and Collection Agency database. One Platinum B staff has posted there. He has helped people a lot. You can go through the thread for some more info.

lrhall41

Submitted by curlycarl on Fri, 03/31/2006 - 13:09

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Thanks...I've read most of them. Been addicted to this site sin

Thanks...I've read most of them. Been addicted to this site since I found it. Currently I'm waiting for payday to send the fee to T&C since I've received all the documents.
But still trying to find a way to pay off Platinum if they will accept a settlement payment...
Just a thought

lrhall41

Submitted by erzeke1 on Fri, 03/31/2006 - 13:14

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T&C

Does anyone have contact info for T & C

lrhall41

Submitted by Xris18 on Fri, 03/31/2006 - 13:28

( Posts: 27 | Credits: )

Just put in a call to Platinum...we'll see what happens

lrhall41

Submitted by erzeke1 on Fri, 03/31/2006 - 13:57

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