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Is Ace Cash Services legal in Texas?

Date: Mon, 10/25/2010 - 19:51

Submitted by shannon.jones
on Mon, 10/25/2010 - 19:51

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Total Replies: 2


Hi there... Is Ace Cash Services legal in Texas? I am finally starting to see the light at the end of my pay day loan nightmare. I set up arrangements with them after I defaulted....but I think I might be over paying them. My orginal loan amount with them was $400. So far I have paid them $50 and I am scheduled to pay them $95 a month for the next 6 months ( I have only give them a pre paid debt card so they don't have my new bank account number) My quesiton is are they legal and how much do I have to pay them back


Payday lending is legal in Texas. You can contact with the Texas Office of Consumer Credit Commissioner to know whether or not Ace Cash Services are licensed in your state. If they are licensed, then you will have to pay the principal amount including interests and other charges. Otherwise, you will have to pay the principal amount only. I think the following link may help you in this regard:
http://www.debtconsolidationcare.com/paydayloan/explain-pdls-laws.html


lrhall41

Submitted by sally.nachelle on Thu, 06/23/2011 - 04:25

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