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Help w/ the payday loan trap

Date: Wed, 09/26/2007 - 18:21

Submitted by anonymous
on Wed, 09/26/2007 - 18:21

Posts: 202330 Credits: [Donate]

Total Replies: 4


how do i get out of a payday loan trap in oregon. I am drowning:-(


I Got a loan for $300 from B&L Marketing in July and all they did is debit my bank account twice a month $90 each time. Before I put a stop to it with my bank they got a total of $540 that is a $240 interest fee for a $300 loan. I was wondering why my bank account kept being debit $90 every 2 weeks after the 2nd debit I wrote to them asking them to take the full amount out but they kept taking $90 out every 2 weeks, there credit agency called demanding $400 and something dollars I don????????t know what to do. I do know our new laws as of July 1st before I got the loan. We are no longer allowed an extension of the base loan, and loans will be due in 31 days min. and fee of $10.00 per $100 borrowed. When I got the loan by law they were suppose to take the full amount out in 31 days, Did they brake the law? What will happen? This is so messed up.


lrhall41

Submitted by kbamagirlw on Thu, 01/03/2008 - 02:13

( Posts: 2 | Credits: )


What state do you reside in?


lrhall41

Submitted by cannr on Thu, 01/03/2008 - 05:12

( Posts: 9317 | Credits: )