My Payday Loans...
Date: Fri, 04/21/2006 - 12:43
Hi,
I'm new here and have found sooo much helpful information! I was/am in the payday bind like so many others are/were and was swamped with the fees that my entire paycheck went to.
Well, I was tired of paying all the fees and decided that I would close my account and open a new one and let the pdl's go into default and then try and pay them off.
I contacted T&C (thanks to you all here at the boards) and advised them that I needed to consolidate my PDL's. They were great to work with and I've sent them my retainer fee.
What I need to know is... If I originally took the loans out in FL and I now currently live in GA, which state laws should I go by? I know payday loans are illegal in GA and all of my PDL's were from online companies.
My loans defaulted last week Friday and I have received only a few calls on my cell phone from about 3 PDL's (I changed all of my contact info before I defaulted). I'm hoping that T&C got to them and are working out some type of arrangements.
I know that I've paid well over what was due to them because the fees were so high.
What if anything can I do to see if I've paid too much?
Thanks for any help and THANKS to the entire community for helping me learn so much!
I'm new here and have found sooo much helpful information! I was/am in the payday bind like so many others are/were and was swamped with the fees that my entire paycheck went to.
Well, I was tired of paying all the fees and decided that I would close my account and open a new one and let the pdl's go into default and then try and pay them off.
I contacted T&C (thanks to you all here at the boards) and advised them that I needed to consolidate my PDL's. They were great to work with and I've sent them my retainer fee.
What I need to know is... If I originally took the loans out in FL and I now currently live in GA, which state laws should I go by? I know payday loans are illegal in GA and all of my PDL's were from online companies.
My loans defaulted last week Friday and I have received only a few calls on my cell phone from about 3 PDL's (I changed all of my contact info before I defaulted). I'm hoping that T&C got to them and are working out some type of arrangements.
I know that I've paid well over what was due to them because the fees were so high.
What if anything can I do to see if I've paid too much?
Thanks for any help and THANKS to the entire community for helping me learn so much!
You can try writing a version of the letters that many here have
You can try writing a version of the letters that many here have used to show internet lenders how much the consumer has overpaid, vs what state law allowed. FL only allows 10% plus a $5 verification fee, so $55 for a $500 loan. Odds are you paid much more than that.
When did you move to GA, before or after GILA went into effect in 2004?
Quote:If I originally took the loans out in FL and I now current
Quote:
If I originally took the loans out in FL and I now currently live in GA, which state laws should I go by? |
I think you should contact Consumer Protection Office of your state and inquire about this. Or a lawyer can give you some more info. This is a tricky situation indeed.
However, if you think that you have paid them enough, you might send them a letter asking for considering it as paid in full. Keep us posted.
Thanks for both replies. I will view the letters. I moved to
Thanks for both replies. I will view the letters.
I moved to GA in 2005. What is GILA?
Thanks again and I will keep you posted.
