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I have 5 payday loans. i was looking at the Michigan law regarding payday loans and I have a couple of questions. First if it is a internet payday loan company do they have to follow the state laws. Michigan state law says that the max that can be charged for 100 borrowed is 15 I am paying tiwce that. What can I do? Also none of the companies I have loans with I find on the list of licesned companies. What happens if they are not licensed in Michigan

I have 5 payday loans which have been turned over to collection agencies, 2 with Lighthouse Recovery Associates. The pdl's are: Midland/SJM and CMG, the other 3 are with National Credit Adjusters. They are: Vince/Prestige, Fox Enterprises and MMG. I can't seem to find much info on these pdl's as they were done over the internet. I am wondering what happens if they are not licensed in my state of WA and they all did charge 30% fees which are illegal in WA state. Does anyone have any help or infor for me? Thank you. I am new to this forum.

Does joining a debt consolidation agency hurt your chances of getting a mortgage?

my 2 large debts (26,000) each got charged off end of september and now we begin with the collection agencies - redline recovery and client services. Client services started calling everyday aggresively I called Chase(orig cred) and faxed them a letter stating I did not want to deal with them. I haven't heard from them for weeks and nothing from Chase either. This kind of worries me. Redline called a few times have not heard from them in a week I sent them a letter to validate the debt just this week. My last payment to either acct was in May since we lost our house to foreclosure.

Hi Tom I have read a lot of your posts and you seem to be very fair and knowledgable about debt settlement. I have spent the last couple days researching RAM Financial Services (AZ) and am considering doing debt settlement with them. I will pay 225 for 28 months and will be debt free (11,500 in total debt). The only fees they said are the 15% fees of my total debt which are worked into my payment and taken out within the first twelve months ($142 a month). Do you know anything about them?

This company is harassing me at work they represent Cash Advance Network. I do not think either company is legal in Arizona, how should I proceed. Should I copy them on my C & D letter? They never call my cell phone, just my work phone yelling.

Hi, I just got off the phone with WW&R about a debt with Resurgent Capital LVNV, when she first recieved the letter form LVNV about a month ago she sent a validation request and then revieved a letter saying the were investagating her claim. Now this mornung I get a call from WW&R saying they have been retained to collect the debt however she never got any validation form LVNV. Any advice would be a big help, also the debt is from early 2004 and maybe past the SOL. I' ve been told the sol in Floriad is 4 years but I've also been told 5 does anyoune know for sure.

I was wondering if anyone has ever used this service through bank of america?? Also I was trying to get some advice as to the programs that monitor your credit and make you aware of any changes that are ever done to yoru credit file. I guess it would be credit monitoring, is this a good this to have or not???

Hi, I need to commit this morning on this settlement. Please let me know what you think. I'm worried about the part where it says ",provided no extra charges appear on this account" They say that it means "provided I haven't charged anything on the card". But I'm worried that the balance can go higher before my final installement. ------------------------------------------------------- October 30 ,2008 Account No: XXXXXXXXXXXXXXXXXX Dear Mr. XXX XXXX This letter confirms our conversation to the settle the above-referenced account. Your current account balance is $16,474.88.

Does anybody know the SOL for the state of Delaware? I have "Googled" it and have gotten inconsistent results showing both 3 years and 4 years for open accounts, which I believe is what credit card debt is considered. Does anybody know for sure what it is? Thanks for your assistance.