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okay I have loan and I closed my account so they would stop takig $74 out overy payday. I have been paying then $74 a payday since roughly I have paid at least $740 on a $200 loan. I have closed my account, should I give my new checking information and continue to pay, or just settle with 247advances when they contact me for non payment? or from what I have read have i paid my loan back and no longer owe anything?


What state are you in??? You have been paying since March!!!???

In NO MEANS are you to give them your new account information, do a search and read up on this company!

Sub: #1 posted on Mon, 08/18/2008 - 13:30

danilewis82 danilewis82

(Posts: 296 | Credits: )

danilwis82 is right, do not give them any info or you will be in the same spot again. I think, not knowing what state you reside in, that you OVERPAID THEM ENOUGH...give us the information that danilewis82 has asked for and we will help you.

Sub: #2 posted on Mon, 08/18/2008 - 15:07

ladybug ladybug

(Posts: 2757 | Credits: )

amen, lets get this started. Hi everyone.

Sub: #3 posted on Mon, 08/18/2008 - 15:12

Lukeskywalker Lukeskywalker

(Posts: 1909 | Credits: )

Actually, some state's have no limits on what can be charged, so depending on the state this poster lives in, it is possible that the loan is legal.

Sub: #4 posted on Mon, 08/18/2008 - 15:26

goudah2424 goudah2424

(Posts: 7936 | Credits: )

You may have over paid this company. Please tell us which state you are in so someone can post your state laws for you.

Sub: #5 posted on Mon, 08/18/2008 - 16:22

wssu92 wssu92

(Posts: 510 | Credits: )

I am in Arizona....and I know the laws say they can re new the account more then 3 times. What do I do??I have another post that I went into more detail...should I copy and paste that?

Sub: #6 posted on Mon, 08/18/2008 - 16:42


Please be patient. Some one will be here to post the laws for AZ.

Sub: #7 posted on Tue, 08/19/2008 - 04:40

wssu92 wssu92

(Posts: 510 | Credits: )

Yes, please come back and copy and paste, here are the laws, it says their is a limit to what they can charge you in fees

Legal Status: Legal

Ariz. Rev. Stat. ???? 6-1251 et seq.

Loan Terms:
Maximum Loan Amount: $500
Loan Term: Min: 5 days
Maximum Finance Rate and Fees: 15% of check
Finance Charge for 14-day $100 loan: $17.65
apr for 14-day $100 loan: 459%

Debt Limits:
Maximum Number of Outstanding Loans at One Time: One
Rollovers Permitted: Three (extensions)
Cooling-off Period:
Repayment Plan:

Collection Limits:
Collection Fees: $25 NSF fee + actual charges assessed by the financial institution
Criminal Action: Prohibited

Where to Complain, Get Information:
Regulator: Arizona Department of Financial Institutions
Address: Financial Enterprises Division, 2910 N. 44th Street, Suite 310 Phoenix AZ 85018
Phone: (800) 544-0708
Fax: (602) 381-1225
Regulatory Contact: Robert Charlton,, Assistant Superintendent of Banks

Sub: #8 posted on Tue, 08/19/2008 - 06:37

danilewis82 danilewis82

(Posts: 296 | Credits: )

Great...thank you soo much!!

Sub: #9 posted on Tue, 08/19/2008 - 10:26


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