payday loans and credit report help please.
Date: Wed, 09/13/2006 - 11:30
I paid some payday loans off that I owed and in paying a few more off all of a suddent the price seemed to jump hundreds more than what I owe. I sent a debt validation for them to verify I had to go car shopping over the weekend because my car bite the dust and then they showed me my credit report and some of the payday loans were on that. Can they do that.
I haven't understood you! Did the payday loan company report in
I haven't understood you! Did the payday loan company report in your credit report or some debt collector reported for your payday loan accounts. Usually most payday loan companies don't report to the credit bureaus but there are a few that can.
Collection agency needs to validate the debt they got from the PDLs. If the PDL company is reporting in your credit report, ask them to give your loan statement to revise the charges. Your state must be having some laws on payday loan interests and fees.
