PayDayOk & PayDayOne
Date: Tue, 07/25/2006 - 12:24
The apr is 260.72%, and they charge $10 on each $100.
I also have a $500 loan with paydayone that is down to $400. I have only paid $104.14 in interest since 6/6/2006, so I'm assuming they won't even work with me on this one as it's so new. The APR is 312.84%, and they charge $12 on each $100.
Is there any hope for me getting the paydayok loan marked as paid in full? I'm in Texas and the loan laws seem pretty lax.
Thank you for any help.
Margaret- There is never any harm in trying. you will never k
Margaret-
There is never any harm in trying. you will never know until you ask. The people that think they are lawyers on this site will tell you do this or do that. Most of the time their solutions just land you in hotter water.
I would simply call the loan company and explain that you have paid X amount on this loan and generally they will make a deal for just the principal or maybe even zero out the loan, but one thing is for sure, you will never know until you call them.
Read Polly's blog for some sample letters on how to write to you
Read Polly's blog for some sample letters on how to write to your lending companies. Besides, check the payday loan regulations in Texas and see if the lenders have charged within the permissible caps.
http://pollyandsay.yesdebtfree.org/
If the state laws confirm that you have paid excessive amount to the loan companies, pick up the sample letter from Polly's blog and write to the lenders. You must get the PIF in writing from the companies as it will be the only proof of the debt being cleared off.
Margaret, Definitely check out the letter in Polly's blog..
Margaret,
Definitely check out the letter in Polly's blog..
I had both of these as well, and paid paydayone off but got paydayok marked PIF. They're pretty easy to work with...Definitely professional.
