PDL's What about balance owed and them making

If the loan company says you have not paid the full amount, it should be given to you in writing. They must prove that the amount paid by you has piled towards the interests only and not towards the principal amount. I think your consolidation company can also place the same request to your lenders and get the latest statement.

But my question I guess would be suppose the loan for example one of mine is 200 I have paid 180 toward finance charges and they are not licensed to loan here will they say I owe the whole 200 plus more fees?
I have sent all my pdls letters certified last week about the laws here so we shall see what they say about that too Wish me luck with them

You will owe $200 for sure because this is the principal amount. Now, as per your state laws, there must be legal interest charges and fees beyond which the lenders cannot charge. Let's say, it sums up to $75 (including the roll overs and extensions if any). Now, you need to review how much you have paid towards the account. Anything paid beyond $275 needs to be refunded by the company. If they ask you for an amount that you owe, it must be in writing and you need to verify it.

Gotcha

Thanks I will try to figure out the law here as far as the interest goes it is hard to understand how to figure that Thank you

Your state AG's office or the Dept. of Finance has the complete information about the laws available in your state. You can check the laws with them and plan your next move.

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